The financial challenge of retirement is to make one’s money last while paying health care costs that inevitably increase with age. It is becoming clear that to meet that challenge, many older Americans will need to cash in their home equity. In a report last year, the National Council on Aging, a research and advocacy [...]

Financial services group OFM has signed up the Australian Association of Independently Owned Financial Planners (AIOFP) to be their preferred supplier of reverse mortgage products.
AIOFP chief executive officer, Peter Johnston, said the group chose the OFM product because its product and reputation best suited members.
“The AIOFP considered all options in the market and felt that [...]