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A major cause of portfolio exhaustion when securities portfolios are used for retirement income is when withdrawals are taken during down markets. The following are true about preventing portfolio exhaustion in securities portfolios, except:
Another option for retirees is to replace their conventional mortgage with a home equity conversion mortgage (HECM) to refinance existing debt into a non-recourse loan with deferred repayment. This option accomplishes the following, except:
Some clients might want to downsize their home to reduce retirement expenses. The following are ways a reverse mortgage can be used to help retirees downsize, except:
Reasons to use a reverse mortgage and a HECM for purchase with a silver divorce include the following, except:
The following summarize the advanced strategies for using housing wealth to improve financial outcomes in retirement, except: