Should You Consider a Reverse Mortgage?
Reverse mortgages can be useful tools for some retirees, but mind the complexity and costs, says contributor John Wasik.
As financial devices, reverse mortgages (RMs) are like 3-D printers. They can do some interesting and useful things, but they are complex and can be expensive.
Reverse mortgages were originally designed for those who came up a little short when they reached retirement age. Today, however, they are being used for purposes other than just retirement income.