Reverse mortgages should be one of the tools that retirees and their financial advisers consider on a case-by-case basis when evaluating options for improving retirement security, according to a new study published by the Stanford Center on Longevity, in coordination with the Society of Actuaries, titled Optimizing Retirement Income by Integrating Retirement Plans, IRAs, and Home Equity: A Framework for Evaluating Retirement Income Decisions.
It will be critical for many older middle-income American workers to effectively deploy all their retirement resources that have significant value, including accounts in defined contribution retirement plans, IRAs, and home equity, wrote the study’s authors.
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