Nearly two out of every three retirees cite outliving their assets as their greatest financial concern, according to a 2024 Allianz Life survey. Longer life expectancy, inflation and rising health care costs have made retirement income planning more complex than in previous generations.
At the same time, homeowners age 62 and older hold more than $14 trillion in home equity. Despite representing one of the largest assets on many household balance sheets, housing wealth is often excluded from retirement planning conversations.
While a reverse mortgage is not appropriate for every homeowner, advisers should consider how home equity may play a role in a comprehensive financial plan.
A reverse mortgage may allow older homeowners to access...
