Changes have occurred to the FHA Insured Home Equity Conversion Mortgage, or HECM, which has changed the face of the reverse mortgage we once knew that opens the mortgage up to many more possible uses. In fact, the HECM program has been my focus of research for the past few years at Texas Tech, where…

Will you live past your life expectancy? Chances are you will say no. We have a tendency to underestimate how long we will live. I challenge you to change your thinking when thinking of retirement income planning decisions from “I’ll never live that long” to “what if I do?”

Retirement spending rates have been subject to much research and debate in the last few years. The central issue is spending from a portfolio that will have future uncertain returns, and uncertainty is prevalent in both conservative and aggressive risk portfolios, just to different extents.