An Integrated Approach for a Worry-Free Retirement, by Wade Pfau Philosophy This is another Wade Pfau book that I enjoyed for its in depth coverage of annuities and cash value life insurance products. If you have read any of Wade’s other books on retirement you will be familiar with the background material he presents in his books. Much of it is a repeat of what he presents in his other books. So you can skip to the chapters that interest you. If you are unfamiliar with terms like “Sequence of returns risk” or “longevity risk” then you’ll want to start at the beginning. Main Points The main point of the…
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Book Review: Reverse Mortgages
How to Use Reverse Mortgages to Secure Your Retirement, by Wade Pfau This is an interesting book. It goes against much of the conventional wisdom I absorbed growing up. I read it because I was impressed by Wade Pfau’s other book on withdrawls in retirement. He does and in depth and academic review of the subject. Wade’s style might be a bit dry for some but I find that the genre of financial writing can be a bit hyperbolic, so I don’t mind an objective and academic style. Use early, use often The primary conclusions of the book are that many retirees could benefit from a reverse mortgage, and that…