

2880: Bumpy Road in Retirement? Learn How a Reverse Mortgage Can Be Your Spare Tire by Steve Chen of New Retirement
Sep 27, 2024
Steve Chen, an expert in retirement planning, dives into how reverse mortgages can act as a financial safety net for retirees. He discusses the potential benefits of tapping into home equity to navigate unexpected challenges during retirement. Chen emphasizes the importance of having a contingency plan and highlights recent research advocating the strategic use of Home Equity Conversion Mortgages (HECMs) for improving cash flow. However, he also warns about the risks involved and stresses the need for professional guidance before making this significant decision.
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