Good grief, he’s been doing this for years.
He’s been doing these ads for years and years.
And people are upset now?
A good book on using reverse mortgages
Reverse Mortgages: How to use Reverse Mortgages to Secure Your Retirement (The Retirement Researcher Guide Series) Paperback – February 24, 2022
by Wade D. Pfau Ph.D. (Author)
I have three scenarios where I might use it as a tool:
1. If SS benefits are cut, I might use a reverse mortgage to pay me the amount of the cut so that I have the same fixed income coming in so that I wouldn’t need to deplete my portfolio faster than planned.
2. If a prolonged market downturn. This is called the sequence of return risk. Instead of drawing on a portfolio that is down and selling stock too low, I would use the reverse mortgage instead.
3. One of us needs nursing home care and the SS income is going to nursing home. The reverse mortgage can make up the shortfall.
These are possible backup plans that a reverse mortgage can provide as part of my retirement planning.
Even though the initial expense is high, the potential use to keep other money invested may offset those expenses.
Most critics are GenX-zoomer kids who will not inherit the house, and will thus never own a home in the crapworld their parents helped create.
Kind of late. His adds for reverse mortgages have been running for 10 or 15 years now. ortg