As a result of longetivity, the decrease in lifetime savings and concern about the future of entitlements, a majority of America's seniors are worried they will not have enough cash flow in retirement to meet their basic needs.   One solution--in some cases the only solution-- is the conversion of home equity into monthly income to help manage cash flow.

The comprehensive report, researched by Barbara Stucki, the Director of the Reverse Mortgage Initiative for NCOA, states that 46% of those who have taken reverse mortgages have used them to pay off existing mortgages in order to lower monthly expenses.

The report also emphasizes the benefits to individuals and to society of aging in place and calls on reverse mortgage sellers, benefits managers, home care providers and financial advisors to all work in unison to help plan for the best utilization of a seniors' resources for possible future developments.

For a copy of the complete report, please click here