Page 11 - WSAAG098_WS Booklet
P. 11
Improving with Age
What started as an idea or an experiment more than 30 years ago,
and then became a demonstration that proved itself to Congress
and the American people, has since launched into a powerful and
useful financial instrument for tens of thousands of seniors seeking
a responsible way to tap into a portion of their home equity, which
has now reached over $10 trillion.
The HECM has continued to evolve and improve, and while it won’t
be the financial solution for every senior who wants to increase
their cash flow or simply have more money for their retirement
— supplementing an income stream such as Social Security or a
retirement plan — it should be part of every financial planning
discussion.
