LTC in the News: Navigating Long-Term Care Costs: Why Reverse Mortgages Are Worth Considering
We highly recommend the article "Navigating Long-Term Care Costs: Why Reverse Mortgages Are Worth Considering" by Don Graves, RICP®, CLTC®, CSA, IRMMACP™ to our community of advisers.
Reverse mortgages are emerging as a powerful financial tool for retirees needing long-term care, especially as healthcare costs soar and government programs like Medicare and Medicaid fall short. The Home Equity Conversion Mortgage (HECM) offers retirees the flexibility to convert home equity into funds, with features like a growing line of credit that can help cover care costs without monthly payments. Despite past stigma, reverse mortgages are increasingly recognized as an effective way to age in place while maintaining financial security.
This perspective comes from Don Graves, RICP®, CLTC®, CSA, IRMMACP™, president of the Housing Wealth Institute and a recognized expert in reverse mortgages. Graves is also the author of three books on the subject and an adjunct instructor of Retirement Income at the American College of Financial Services. Stay connected with him at www.AskDonGraves.com.