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Some retirees who are in better-than-average financial shape are embracing reverse mortgage loans as a smart financial planning tool.
For example, they’re taking out reverse mortgage loans — particularly reverse mortgage lines of credit — in case their investments come up short some years.
Others see the loans as a way to finance a home in retirement without depleting cash reserves or liquidating a portfolio.
Take a look at these ways that wealthy retirees are taking advantage of reverse mortgage loans. You may want to try these strategies, even if you don’t consider yourself well off.