People are living longer than ever and by 2050 there will be an estimated one million centurions in the United States. However, living longer also means running the risk of outliving retirement savings, explains a recent article by Investment News.
Financial advisers are starting to get the message that their clients are living longer and are urging them to save more money, according to an Investment News survey of 348 advisers.
Reverse mortgages are becoming a more popular solution to help close the gap when seniors start to outlive their retirement savings, but there are still some issues surrounding the product that can make it a tough decision for some.
Read the article HERE.