One of the most pronounced deficiencies of existing retirement programs is that instead of integrating three core features — including asset management, annuities and a Home Equity Conversion Mortgage (HECM) — these are all components which are considered separately. Integrating them into a single, efficient retirement plan could be very beneficial for a retiree, according to Jack Guttentag — aka the “Mortgage Professor” — in a new column at Forbes.

“The potential synergies vary with the characteristics of the retiree,” Guttentag writes. “Those whose wealth is largely or entirely in their home do best by taking a HECM reverse mortgage credit line, using part of it to purchase a deferred annuity, with the balance drawn on monthly during the deferment period.”

When it comes specifically

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