A well-reasoned argument in favor of the reverse mortgage as a component of a retirement strategy.
A researcher and financial analyst explains the role of the reverse mortgage in retirement planning.
In this debut finance book, Pfau draws on accumulated research and a deep understanding of the intricacies of reverse mortgages to advocate for their role in a balanced fiscal strategy for retirement. The book covers the basics of retirement finance, explaining the common investment vehicles employed to provide funds for an individual no longer drawing a salary, and then focuses on the mechanics of using a reverse mortgage as one component of the income stream. Pfau explains the regulations governing reverse mortgages, from penalties designed to prevent a homeowner from making unwise decisions when converting the dwelling’s value to cash to the protections in place that ensure a nonborrowing spouse can continue to live in the house as needed. The book takes a calm and moderate approach to fiscal planning for retirement, offering numerous examples of the actual returns a homeowner can achieve in comparison to other investment vehicles and avoiding an alarmist tone regarding the viability of job departure or the future of finance. The result is both informative and well-reasoned, providing substantial information about reverse mortgages while emphasizing the fact that they are one component of responsible financial planning and not a panacea in themselves: “coordinating withdrawals from a reverse mortgage reduces strain on portfolio withdrawals, which helps manage sequence of returns risk.” Pfau acknowledges that although a house represents a significant fiscal asset, it also plays an emotional role in its owners’ lives that must be addressed in planning for its eventual disposal. He clearly explains that the reverse mortgage, which allows homeowners to remain in a place they love while still benefitting from the equity stored in it, can be a practical solution that addresses both monetary and personal criteria. “Further Reading” sections at the end of each chapter provide additional information for readers in search of more details about both the research cited and the workings of the financial instrument.
A well-reasoned argument in favor of the reverse mortgage as a component of a retirement strategy.Pub Date: Oct. 3, 2016
ISBN: 978-1-945640-00-1
Page Count: 159
Publisher: Retirement Researcher Media
Review Posted Online: Sept. 14, 2016
Kirkus Reviews Issue: Oct. 15, 2016
Review Program: Kirkus Indie
BOOK REVIEW
BOOK REVIEW
Stricter than, say, Bergen Evans or W3 ("disinterested" means impartial — period), Strunk is in the last analysis...
Privately published by Strunk of Cornell in 1918 and revised by his student E. B. White in 1959, that "little book" is back again with more White updatings.
Stricter than, say, Bergen Evans or W3 ("disinterested" means impartial — period), Strunk is in the last analysis (whoops — "A bankrupt expression") a unique guide (which means "without like or equal").Pub Date: May 15, 1972
ISBN: 0205632645
Page Count: 105
Publisher: Macmillan
Review Posted Online: Oct. 28, 2011
Kirkus Reviews Issue: May 1, 1972
This is not the Nutcracker sweet, as passed on by Tchaikovsky and Marius Petipa. No, this is the original Hoffmann tale of 1816, in which the froth of Christmas revelry occasionally parts to let the dark underside of childhood fantasies and fears peek through. The boundaries between dream and reality fade, just as Godfather Drosselmeier, the Nutcracker's creator, is seen as alternately sinister and jolly. And Italian artist Roberto Innocenti gives an errily realistic air to Marie's dreams, in richly detailed illustrations touched by a mysterious light. A beautiful version of this classic tale, which will captivate adults and children alike. (Nutcracker; $35.00; Oct. 28, 1996; 136 pp.; 0-15-100227-4)
Pub Date: Oct. 28, 1996
ISBN: 0-15-100227-4
Page Count: 136
Publisher: Harcourt
Review Posted Online: May 19, 2010
Kirkus Reviews Issue: Aug. 15, 1996
BOOK REVIEW
BOOK REVIEW
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