Contrary to conclusions made in a recent CFPB report, there is value in delaying Social Security and spending down other resources in the interim. Spending from a HECM or an investment portfolio are both viable options, and lead to a higher probability of success and a greater legacy value for assets over the long-term.
Using a HECM to fund Social Security delay does not create greater risk for retirees experiencing spending shocks or needing to move later in retirement, because reduced distribution needs from the investment portfolio and the subsequent reduction in sequence risk offset the reverse mortgage costs and preserve overall net worth.
Click here to read the full article and learn more about the CFPB report analysis.
