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401(k)s: They’re Not (Necessarily) Just for Employees Any More
A growing number of 401(k) plan sponsors, retirees, record keepers and regulators want retirees to stay in their plans well into, or even straight through, retirement, PIMCO has found.
Industry Views are special reports that are sponsored and independent from RIJ's editorial content.
April 28, 2010, Cover Stories
Turning Home Equity into Lifetime Income
A financial planner compares and contrasts three ways to create monthly income for life from a typical reverse mortgage.
For many older Americans, the equity in their home is their largest asset. Data from the Federal Reserve's Survey of Consumer Finances shows that for individuals over the age of 65, home equity averages about 2 ½ times the amount of financial assets.
The Center for Retirement Research at Boston College has estimated that without tapping home equity, 61% of Americans are at risk of not being able to maintain their standard of living in retirement, and the trend is worsening.
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