With a volatile stock market draining retirement savings from the bank accounts of seniors throughout the U.S., Larry Reiminger believes hope for some Southeast Missouri retirees lies in the reverse ...

Reverse mortgages allow homeowners to tap into the equity they’ve built up in their homes without having to make monthly ...

For many retirees, rising living costs and limited income can make financial stability feel out of reach. A reverse mortgage, also known as a home equity conversion mortgage (HECM), may offer a ...

Home equity is a valuable financial resource. By definition, it’s the difference between your home’s value and how much you ...

The pitch: Make your savings last as long as you do. How they work: In exchange for a lump sum, an insurance company agrees to give you a monthly check for the rest of your life or for a specified ...

For a long time, data has suggested that older Americans are the largest cohort of homeowners — and increasingly, new homebuyers — in the U.S. But the mortgage industry has had issues adequately ...

Matt Richardson is the senior managing editor for the Managing Your Money section for CBSNews.com. He writes and edits content about personal finance ranging from savings to investing to insurance.