Despite Increased HECM Acceptance Some Reject Use of Home Equity in Retirement
Preparation and research are key when addressing those who may oppose your closely held beliefs. This requires us to approach opposing arguments with an open mind and intellectual honesty to accurately assess the opposing argument. In recent years, much has been written in both the media and professional financial publications on the benefits of strategically using a reverse mortgage as part of retirement income planning. However not all agree.
While the tide of opinion has turned in our favor amongst financial professionals, some stand opposed to the use of home equity for their client’s financial needs. Daniel Kern and Renee Kwok of TFC Financial Management in Boston, are two such individuals who recently presented their position in a recent article in Financial-Planning.com.
The co-authors cite three common ways their clients can extract home equity,
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