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Home Equity: Understanding Retirees’ Largest Asset

2016-06-12 free stock photosHome equity may be the primary source of wealth for retirees but, as today’s article outlines, a new research report finds that Americans moving into retirement have a poor understanding of how to effectively utilize home equity as a retirement income source. Viewing this disconnect as alarming, the author proceeds to “examine the top three misconceptions that Americans seem to have about reverse mortgages.” Do you know, for example, when the best time to use a reverse mortgage in retirement is? (Only 27% of the study’s respondents did!) CLICK HERE to read more.