Until recently, virtually all retirement planning focused on traditional assets like cash, stocks and bonds. The question is always “how long can it last?” I played that important game for clients for many years. Now with burgeoning acceptance of the new and improved reverse mortgage from HUD by the planning professionals, there’s a new dimension to retirement planning that previously was hidden in plain sight. It is housing wealth, or home equity. After all, you can’t take it with you! What most of us want to leave for our children or other heirs is a financial legacy. As Professor Wade Pfau, author of the attached article points out in Forbes, having housing wealth as an accessible part of retirement gives elderly Americans the ability to manage their legacy. There is no need to depend solely on the vagaries of securities markets. Setting up a stand-by line of credit gives retirees and their advisors a choice of where to go for funds. Choices are good! Please see the professor’s take on it here.