%0 Journal Article %A Tom Davison %A Keith Turner %T The Reverse Mortgage: A Strategic Lifetime Income Planning Resource %D 2015 %R 10.3905/jor.2015.3.2.061 %J The Journal of Retirement %P 61-79 %V 3 %N 2 %X There is little doubt that many older Americans are not well prepared financially. The reverse mortgage is a financial instrument that can brighten their financial prospects and reduce the chances of an old age in financial straits. This article explains how reverse mortgages work. Recent research shows that strategically combining reverse mortgages and investment portfolios can significantly boost sustainable retirement income. Moreover, in the last three years the regulatory framework has been revised to develop further the market for these instruments. Reverse mortgages are increasingly recognized as a valuable financial planning tool. They are now seen as well suited for retirees—not only underfunded homeowners who turn to a reverse mortgage as a last resort, but also those who enter retirement well-funded.TOPICS: Retirement, MBS and residential mortgage loans %U https://jor.pm-research.com/content/iijretire/3/2/61.full.pdf