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Reverse mortgage not just a ‘last resort’

Future-Proof: Navigate Threats, Seize Opportunities at ICNY 2018 | Jan 22-26 at the Marriott Marquis, Times Square, New York

The number of Americans 65 and older who continue to work has risen in the past decade. The unexpected rise can be traced to a variety of factors, including shell-shocked retirement accounts, falling interest rates on savings tools, fewer company pension plans, and the inability to save. Many of these people have raced to take part-time employment, and baseball spring-training facilities are a prime example. There were seniors selling tickets, programs, hot dogs and popcorn, plus acting as ushers and parking lot directors in nearly all of the recently completed Cactus and Grapefruit League games. The goal of this age cohort is to supplement their Social Security payments and portfolio securities (such as 401(k) and individual retirement accounts) so that they won't run out of money before they die. What other sources might be available? Barry H. Sachs, a real estate tax attorney in San Francisco, and Stephen R. Sachs, professor emeritus in economics at the University of Co...