The 39-year-old founder and CEO of American Advisors Group, the nation's largest originator of reverse mortgages, confides that he wipes down the surfaces in his office several times a day. AAG now has 1,200 employees, and last year, it originated 12,000 of the 49,000 new reverse mortgages the FHA insured. Increasingly, retirement experts are discussing reverse mortgages as a planning tool for middle-class and affluent retirees. Another idea: Keep an untapped reverse mortgage as a backup should stock prices tank--to limit "sequence of returns" risk. Retirement income expert Wade Pfau has discovered that young retirees can even turn a reverse mortgage into a cheap put against their home.

Source: Forbes June 13, 2017 13:41 UTC