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- Title
No Debt is an Island: Exploring Strategies with Reverse Mortgages.
- Authors
Fox, Charles
- Abstract
The article informs about 2013 Survey of Consumer Finances which reveals that the primary residence represents over half of total wealth for U.S. households, and converting home equity into cashflow is often an important part of retiree financial plans. Topics include borrower is required to maintain the home, pay property taxes, and pay homeowners insurance premiums; and equity allocation as a percentage of net worth leads to strategies that coordinate account allocations with debt decision.
- Subjects
REVERSE mortgage loans; INTEREST rates; DEBT; FINANCIAL engineering; FIXED-income securities
- Publication
Journal of Financial Planning, 2021, Vol 34, Issue 1, p60
- ISSN
1040-3981
- Publication type
Article