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
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
An extravaganza in Bemelmans' inimitable vein, but written almost dead pan, with sly, amusing, sometimes biting undertones, breaking through. For Bemelmans was "the man who came to cocktails". And his hostess was Lady Mendl (Elsie de Wolfe), arbiter of American decorating taste over a generation. Lady Mendl was an incredible person,- self-made in proper American tradition on the one hand, for she had been haunted by the poverty of her childhood, and the years of struggle up from its ugliness,- until she became synonymous with the exotic, exquisite, worshipper at beauty's whrine. Bemelmans draws a portrait in extremes, through apt descriptions, through hilarious anecdote, through surprisingly sympathetic and understanding bits of appreciation. The scene shifts from Hollywood to the home she loved the best in Versailles. One meets in passing a vast roster of famous figures of the international and artistic set. And always one feels Bemelmans, slightly offstage, observing, recording, commenting, illustrated.
Pub Date: Feb. 23, 1955
ISBN: 0670717797
Page Count: -
Publisher: Viking
Review Posted Online: Oct. 25, 2011
Kirkus Reviews Issue: Feb. 1, 1955
© Copyright 2024 Kirkus Media LLC. All Rights Reserved.
Follow
Popular in this Genre
We can’t wait for you to join Kirkus!
It’s free and takes less than 10 seconds!
Already have an account? Log in.
OR
Sign in with GoogleTrouble signing in? Retrieve credentials.
Welcome Back!
OR
Sign in with GoogleTrouble signing in? Retrieve credentials.
