‘Guaranteed Income Gap’ Study Has Implications for Reverse Mortgage Borrowers
‘Guaranteed Income Gap’ Study Has Implications for Reverse Mortgage Borrowers,
Fidelity Research Institute has issued a new report Structuring Income for Retirement: Addressing America’s Emerging Guaranteed Income Gap. The study is yet another thorough analysis highlighting the importance of permanent income streams in retirement. Although reverse mortgages are not mentioned in the report, several of the findings are very pertinent here.
Guaranteed income, according to the report, is simply income you cannot outlive. Traditional guaranteed income sources (social security, defined benefit pensions, etc.) are dwindling in importance and will be relied on less and less by future generations of retirees. The study notes that it will be critical for retirees (more…)
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