Resources

Third Party Articles

The Journal of Financial Planning:

Forbes:

Bloomberg

Journal of Retirement:

The Stanford Center on Longevity:

Advisor Perspectives

HBKS Wealth Advisors

InvestmentNews


Don Graves’ Articles

The Society of Financial Service Professionals:

Certification for Long-Term Care

The American College

Other Articles – Blog


Don Graves’ Video Library

Financial Thought Leaders Speak About Reverse Mortgages

Why Reverse Mortgages are Not a Last Resort – Dr Barry Sacks

The Case for Reverse Mortgages-Boston Center for Retirement Research

Harold Evensky – Reverse Mortgages as Risk Management Tools

Retirement Income Planning and The Role of Reverse Mortgages

How Have Your Views Changed About Reverse Mortgages


Recommended Books

Pfau, Wade, 2018. “How to Use Reverse Mortgages to Secure Your Retirement” 2nd Edition Retirement Researcher Media

Graves, Don, 2018. “Housing Wealth: An Advisor’s Guide.”


The Academy for Home Equity in Financial Planning’s Reverse Mortgage Bibliography

The University of Illinois | By Tom Davison

Publications by Academy members and other thought leaders

Test Your Reverse Mortgage Knowledge with the Reverse Mortgage and Retirement Income Literacy Quiz 

Video Library (Select Reverse Mortgage Filter)

Integrating home equity into retirement planning (Academy for Home Equity in Financial Planning Building a top down and bottom up approach of how home equity can help with retirement income. Video in Investment News  May 2019

Funding Longevity Task Force Gets New Name and Home, Adds Karin Hill in Reverse Mortgage Daily May 2019

The Academy of Home Equity in Financial Planning focuses on smart use of housing wealth in HousingWire May 2019

American College’s ‘Funding Longevity Task Force’ Establishes Advisory Board in Life & Health Advisor Jul 2017

Increased Retirement Cashflow: Reverse Mortgages + Investments

Neuwirth, Peter, Barry H. Sacks, and Stephen R. Sacks. 2017. “Integrating Home Equity and Retirement Saving through the Rule of 30“. Journal of Financial Planning, 30(10): 52-62.

Pfeiffer, Shaun, C. Angus Schaal, and John Salter. 2014. “HECM Reverse Mortgages: Now or Last Resort?” Journal of Financial Planning 27(5): 44-51.

Pfau, Wade. 2016. “Incorporating Home Equity into a Retirement Income Strategy.” Journal of Financial Planning 29 (4): 41–49.

Pfeiffer, Shaun, John Salter, and Harold Evensky. 2013. “Increasing the Sustainable Withdrawal Rate Using the Standby Reverse Mortgage.” Journal of Financial Planning 26(12): 55-62.

Sacks, Barry H., and Stephen R. Sacks. 2012. “Reversing the Conventional Wisdom: Using Home Equity to Supplement Retirement Income.” Journal of Financial Planning 25(2): 43-52.

Sacks, Barry, and Mary Jo Lafaye. 2016. “Case Study.” In Giordano, Shelley. 2016 “An Alternative Asset to Buffer Sequence-of-Return Risk in Retirement.” The Retirement Management Journal, 6(1): 17-26.

Salter, John, Shaun Pfeiffer, and Harold Evensky. 2012. “Standby Reverse Mortgages: A Risk Management Tool for Retirement Distributions.” Journal of Financial Planning 25(8): 40–48.

Tomlinson, Joe, Shaun Pfeiffer, and John Salter. 2016. “Reverse Mortgages, Annuities and Investments: Sorting Out the Options to Generate Sustainable Retirement Income.” Journal of Personal Finance, 15(1): 27 – 36.

Tomlinson, Joe. 2015. “New Research: Reverse Mortgages, SPIAs and Retirement Income.” Advisor Perspectives April 14.

Tomlinson, Joe. 2014. “How Reverse Mortgages Improve Sustainable Withdrawal Rates.” Advisor Perspectives March 18.

Wagner, Gerald C. 2013. “The 6.0 Percent Rule.” Journal of Financial Planning 26(12): 46 – 54. A 2014 update.

Warshawsky, Mark J. 2017 “To Enhance Lifetime Retirement Security, Use Reverse Mortgages or Immediate Annuities?” Journal of Financial Planning 30(2): 52-60.

Reverse Mortgages in Financial Planning – General

Davidoff, Thomas. 2015 “Can “High Costs” Justify Weak Demand for the Home Equity Conversion Mortgage?” Review of Financial Studies, Aug. 28(8): 2364-2398.

Davison, Tom. 2014 ”Strategic Uses of Reverse Mortgages for Affluent Clients” ToolsforRetirementPlanning.com

Davison, Tom. 2014 “Reverse Mortgage Funds Social Security Delay.” ToolsforRetirementPlanning.com

Davison, Tom, and Turner, Keith. 2015 “The Reverse Mortgage: A Strategic Lifetime Income Planning Resource” The Journal of Retirement, 3(2): 61-79.

Giordano, Shelley. 2016 “An Alternative Asset to Buffer Sequence-of-Return Risk in Retirement.” The Retirement Management Journal, 6(1): 17-26.

Hopkins, Jamie Patrick. 2017. The Effect of Low Reverse Mortgage Literacy on Usage of Home Equity in Retirement Income Plans Journal of Financial Planning, 30(5): 44-52.

Johnson, David W. and Zamira S. Simkins. 2014. “Retirement Trends, Current Monetary Policy, and the Reverse Mortgage Market.” Journal of Financial Planning, 27(3): 52 – 59. Explanation of tenure payments.

Kitces, Michael. 2014. “Taking a Fresh Look at Reverse Mortgages in Retirement.” AICPA Advanced Personal Financial Planning Conference.  January 21.

Kitces, Michael. 2013. “Is a Reverse Mortgage Better Than Keeping a Traditional Amortizing Mortgage in Retirement?” Nerd’s Eye View. September 18.

Kitces, Michael. 2011. “A Fresh Look at the Reverse Mortgage.” The Kitces Report. October.

Kitces, Michael. 2011. “Evaluating Reverse Mortgage Strategies.” The Kitces Report. November.

Pepe, Stephen R. 2017. “The Home Equity Conversion Mortgage as a Long-Term Care Insurance Alternative for Financing In-Home Care.” Journal of Financial Service Professionals. July. Issue 4 (53-66).

Pfau, Wade, Joe Tomlinson, Steve Vernon. 2017. “Optimizing Retirement Income by Integrating Retirement Plans, IRAs, and Home Equity: A Framework for Evaluating Retirement Income Decisions.” Stanford Center on Longevity, November.

Pfau, Wade D. 2015. “Advisors Need a Fresh Look at Reverse Mortgages.” Advisor Perspectives December 1.

Sacks, Barry H., Mary Jo Lafaye, Stephen R. Sacks. 2017. “Using Housing Wealth to Facilitate Asset Division in “Silver Divorce” 3 Scenarios Show How Reverse Mortgages Can Simplify Divorce for Seniors.” Divorce Financial Analyst Journal. Forthcoming.

West, Thomas C. and Steven A. Starnes. 2018 “Appropriate Investment Strategies During a Period of Care.” Journal of Financial Planning, January. 31(1): 37-39. “An HECM line of credit can be a good source of liquidity during a bear market and can meaningfully increase sustainable withdrawal rates, especially when implemented early in retirement…”

Selected publications involving members of The Academy for Home Equity in Financial Planning

Alphabetical by author and generally in chronological order

Putting Your Home to Work When You Retire by Marguerita Cheng in Let’s Make a Plan from Certified Financial Planner Board of Standards, Inc.

Financing Your Home Improvement Project by Marguerita Cheng in Let’s Make a Plan from Certified Financial Planner Board of Standards, Inc.

How late in life divorce affects your retirement by Marguerita Cheng in Let’s Make a Plan from Certified Financial Planner Board of Standards, Inc.

CFPB Report on Social Security Claiming and Reverse Mortgages: Slanted by Silence by Tom Davison at Tools for Retirement Planning

Do you prefer a ReLOC or HELOC? by Tom Davison at Tools for Retirement Planning

Reverse Mortgages: Many Users, Many Uses by Tom Davison at Tools for Retirement Planning

Major Tax Deduction Changes for Reverse Mortgages: January 18, 2018 Update by Tom Davison at Tools for Retirement Planning

Reverse Mortgage Disbursements Capped – Additional Clarification From HUD Required by Tom Davison at Tools for Retirement Planning

Sales is a Contact Sport: Face-to-face, gratitude and personal effort by Shelley Giordano at issuu.com May-Jun 2019

Could Employers Improve Retirement Outcomes With Reverse Mortgage Education? By Shelley Giordano in Benefits Magazine

Spotlight: Knowing Our Product and Selling It Right by Shelley Giordano in The Reverse Review

Opinion: Washington Post Headline Overstates Reverse Mortgage Costs by Shelley Giordano in Reverse Mortgage Daily

How Your House Can Help Pay For Retirement by Jamie Hopkins in Forbes Apr 2017

The New York Times Got It Wrong About Reverse Mortgages by Jamie Hopkins in Forbes Jun 2017

Reverse Mortgages Rules To Change Positively And Negatively For Retirees by Jamie Hopkins in Forbes Sep 2017

The Effect of Low Reverse Mortgage Literacy on Usage of Home Equity in Retirement Income Plans by Jamie Hopkins in The Journal of Financial Planning 2017

Should Advisors Reconsider the Use of Reverse Mortgages? citing Jamie Hopkins and Wade Pfau in CFA Institute Magazine Dec 2017

Researchers Say Reverse Mortgages Deserve a Second Look  by Jamie Hopkins in Forbes Mar 2018

Relocating in Retirement – Don’t Make these Common Mistakes by Jamie Hopkins In Forbes Apr 2018

How Your House Can Help Pay For Retirement by Jamie Hopkins in Forbes Apr 2017

CFPB Releases Misleading Report on Social Security Deferral Strategies by Jamie Hopkins in Forbes Aug 2017

Our Consumer Financial Watchdog Misses the Mark on Social Security by Jamie Hopkins in The Hill Aug 2017

Reverse Mortgages Rules To Change Positively And Negatively For Retirees by Jamie Hopkins in Forbes Sep 2017

Financial Advisors Should Avoid Error by Omission and Consider Reverse Mortgages  by Jamie Hopkins in Investment News Jan 2018

‘Silver’ Divorce Puts Strain On Retirement Income by Jamie Hopkins in Forbes Jan 2018

The Financial Planning Elephant Advisors Aren’t Acknowledging by Jamie Hopkins in AdvisorNews Feb 2019

Should You Get One of the New Reverse Mortgages? citing Jamie Hopkins in Next Avenue Feb 2019

How reverse mortgages work as a source of retirement income  by Wade Pfau in Investment News Oct 2016

Retirees Should Consider Reverse Mortgages by Wade Pfau in ThinkAdvisor Apr 2016

Using Reverse Mortgages In A Responsible Retirement Income Plan by Wade Pfau in Forbes Feb 2017

Reverse-Mortgage Background and History by Wade Pfau in Forbes Sep 2018

Eligibility Requirements for a HECM Borrower and Measuring Available Credit by Wade Pfau in Forbes Dec 2018

Updated Principal Limit Factor Tables by Wade Pfau in Forbes Dec 2018

Upfront Costs for a Reverse Mortgage by Wade Pfau in Forbes Jan 2019

Ongoing Credit and Costs for a Reverse Mortgage by Wade Pfau in Forbes Jan 2019

Spending Options for a Variable Rate HECM by Wade Pfau in Forbes Jan 2019

Understanding Why and How The HECM Line Of Credit Grows by Wade Pfau in Forbes Jan 2019

Why Open a Reverse Mortgage Before It is Actually Needed? by Wade Pfau in Forbes Jan 2019

Deciding on a Package of Costs for a HECM Reverse Mortgage by Wade Pfau in Forbes Jan 2019

Reverse-Mortgage Calculator by Wade Pfau in Forbes Feb 2018

Repayment of the HECM Loan Balance and the Tax Issues by Wade Pfau in Forbes Feb 2019

Strategies for Carrying a Mortgage into Retirement Part 1  by Wade Pfau in Forbes Feb 2019

Strategies for Carrying a Mortgage into Retirement – Continued by Wade Pfau in Forbes Feb 2019

HECM For Purchase Program by Wade Pfau in Forbes Apr 2019

What the Critics Get Wrong About Reverse Mortgages by Wade Pfau in Advisor Perspectives Apr 2019

The Tenure Option as an Annuity Alternative Part 1 by Wade Pfau in Forbes Apr 2019

The Tenure Option as an Annuity Alternative Part 2 by Wade Pfau in Forbes Apr 2019

Preserve Credit as an ‘Insurance’ Policy by Wade Pfau in Forbes May 2019

Reverse Mortgage Risks by Wade Pfau in Forbes May 2019

FINRA’s Stance on Reverse Mortgages by Wade Pfau in Forbes May 2019

Despite Tough Sell, Don’t Ignore Reverse Mortgages citing Wade Pfau and Christopher Mayer at FPA Retreat May 2019

Using Housing Wealth to Improve Financial Outcomes in Retirement by Barry Sacks, Mary Jo Lafaye and Stephen R Sacks in NAPFA Advisor Nov 2017

Selected Media Mentions

Funding Longevity Task Force Gets New Name and Home, Adds Karin Hill Now the Academy of Home Equity In Financial Planning. Reverse Mortgage Daily May 2019

Top Opportunities in the New Era of Reverse Mortgages in Reverse Mortgage Daily Jan 2019

Forbes: Managing Costs and Credit of a Reverse Mortgage in Reverse Mortgage Daily Jan 2019

Abandoning The Wild West – How Financial Advisors are Evolving on Reverse Mortgages in Reverse Mortgage Daily Feb 2019

The Remaining Work to Connect Financial Advisors and Reverse Mortgages in Reverse Mortgage Daily Mar 2019

Reverse Mortgages Finally Make Headway with Financial Advisors in Forbes Jan 2019

How to Dodge a Market Dip That Threatens Your Retirement in New York Times Jan 2019

Retirement Expert Joins Call for Broker Dealers to Lift Reverse Mortgage Ban Curtis Cloke in Reverse Mortgage Daily Jun 2018

Reverse Mortgages are Gaining Acceptance Slowly  by Shelley Giordano Aug 2018

Understanding Reverse Mortgages: An Interview with Shelley Giordano in Pension Section News in Forbes Feb 2017

The Quiet Comeback of Reverse Mortgages in The New York Times Jul 2016

Gray divorce on the rise with longevity trend by Mary Beth Franklin in InvestmentNews Aug 2016

Financial advisers need to prepare for the coming age wave by Mary Beth Franklin in InvestmentNews Oct 2016

Four reasons to consider a reverse mortgage when you retire in MarketWatch Oct 2016

Holistic Financial Health (cont.) – More on Reverse Mortgages in PeterNeuwirth.com

Could a Reverse Mortgage Save Your Retirement? in U.S. News & World Report Nov 2016

Putting it in reverse, advisors warm to reverse mortgages in CNBC Nov 2016

Feds fine reverse-mortgage lenders for false advertising in Salina Journal Dec 2016

UMD’s Smith School Announces Women’s Forum Speaker Rita Cheng in Robert H. Smith School of Business Jan 2017

Feature: The Financial Planning Mission in The Reverse Review Feb 2019

New Thinking About Reverse Mortgages in The Wall Street Journal Feb 2017

Data Key to Financial Planners’ Reverse Mortgage Perceptions in Reverse Mortgage Daily Feb 2017

New Products and Correspondent Investor; Can Conventional Lenders do Reverse Mortgages Correctly? in All Daily News Feb 2017

Pfau Advocates for Reverse Mortgages in Forbes in Reverse Mortgage Daily Feb 2017

Taking an early reverse mortgage could be beneficial in Mortgage Professional America Feb 2017

Rate Hike to Have Mixed Effect on Reverse Mortgages in Reverse Mortgage Daily Mar 2017

Reactions to Trump’s Budget in Reverse Mortgages and Beyond in Reverse Mortgage Daily Mar 2017

How will rising interest rates affect reverse mortgages? in Mortgage Professional America Mar 2017

‘Aging in America’ Report: On Money, Work and Finding Purpose in Next Avenue Mar 2017

Balancing Regulatory Risks and Rewards When Working with Financial Advisors in Reverse Mortgage Daily May 2017

Fed Raises Interest Rates for Second Time in 2017 in Reverse Mortgage Daily Jun 2017

Reverse Mortgage Professionals Correct the Record on N.Y. Times Piece in Reverse Mortgage Daily Jun 2017

How Tom Selleck helped a reverse mortgage lender rise to the top in The Orange County Register Aug 2017

Reverse Mortgages That Work in Kiplinger Oct 2017

AXA Establishes Relationship with Nationally Recognized Gerontologist on Aging Issues in Business Wire Sep 2017

AXA taps gerontologist to lead advisor LTC training in Financial Planning.com

AXA Adds Aging Expert to Educate Clients on LTC Needs Sandra Timmerman in Life Annuity Specialist Sep 2017

Should you use a reverse mortgage to delay taking Social Security? in USA Today

How to fund a Social Security delay in InvestmentNews Aug 2017

Reverse mortgages under fire again in InvestmentNews Sep 2017

Reverse mortgages: Are they right for your clients? in InvestmentNews Apr 2017

Consider Alternative Sources of Income for Your Retirement Conseuelo Mack at WealthTrack.com

Government Publications

The Nation’s Retirement System. A Comprehensive Re-evaluation Needed to Better Promote Future Retirement Security United States General Accountability Office Feb 2019