Money: Is a Reverse Mortgage Right for You?
America is facing retirement crisis. People are not saving enough for retirement while, at the same time, they are living longer.
Fifty percent of men between 55 and 66, and 47 percent of women, have nothing saved for retirement, according to the U.S. Census.
Nighttime TV and cable airwaves are filled with celebrities pitching reverse mortgages as a solution. But many financial planners dislike them and will only recommend then as a last resort to cash-strapped clients.