Journal of Financial Planning, January 2006
Column (with photo) by Dr. Christopher Cocozza, assistant professor of business at DeSales, and Bill Supper, the director of financial planning for Massey, Quick & Company in Morristown, N.J., addresses the option of reverse mortgages for retirees. According to Dr. Cocozza and Supper, reverse mortgages are an important option for the retiree wanting to save the family home. They can be a useful strategy to replace income lost due to low interest rates, to provide additional income so as to avoid having to sell depreciated stock, to pay for long-term home care, and to buy long-term care insurance.
Press Release: Reverse Mortgages: A Troubled Past, a Promising Future? | Posted on: 1/1/2006
For more info:
Tom McNamara, Executive Director of Communications
DeSales University | 2255 Station Avenue | Center Valley, PA 18034
610.282.1100 x1219 | Tom.McNamara@desales.edu