I know we can’t all fly to Denmark next month to learn what this professor has to say, but the message is being heard over and over again in this country: “Improve the income benefits from the assets that are already available from saving for retirement.” One asset is the primary residence. A Reverse Mortgage continues to be an option to include in the portfolio for funding retirement. He mentions this in the expanded text you can access below:
Robert C. Merton, Professor of Finance at the MIT Sloan School of Management, and winner of the 1997 Nobel Prize in Economics, will be a guest lecturer on the role of reverse mortgages in the global challenge of funding retirement at the Copenhagen Business School on October 3.
In his abstract, Professor Merton notes that countries around the world are facing serious retirement issues resulting from populations that are aging rapidly, people who are living longer, economies that are shifting from being rural agricultural to industrial city, and traditional retirement plans that are not equipped to meet these challenges.
More information about his presentation – titled Addressing the Global Challenge of Funding Retirement. The Reverse Mortgage: Core Issues of Design Structure, Marketing, Funding and Valuation – can be accessed by clicking here.