Academic Research


Research by the Academy for Home Equity in Financial Planning

Co-Founders: Torrey Larsen, Shelley Giordano • Director: Craig Lemoine

Model Language for Broker Dealer Compliance

Reverse Mortgage Synergy with Investments Increase Cashflow

Reverse Mortgages in Financial Planning: Dr. Barb Stucki NCOA Reports

Tapping Home Equity” Retirees’ Relief Valve:

Food insecurity among older adults in the U.S.: The role of mortgage borrowing:

How federally insured reverse mortgages affect the credit outcomes of older adults: 

Jamie Hopkins on Academy Model Language for Broker Dealer Re Reverse Mortgages

Davidoff, Thomas

Hopkins, Jamie Patrick. 2017The Effect of Low Reverse Mortgage Literacy on Usage of Home Equity in Retirement Income Plans Journal of Financial Planning, 30(5): 44-52.

Johnson, David W. and Zamira S. Simkins. 2014.Retirement Trends, Current Monetary Policy, and the Reverse Mortgage Market.” Journal of Financial Planning, 27(3): 52 – 59. Good explanation of tenure payments.

Giordano, Shelley. 2016An Alternative Asset to Buffer Sequence-of-Return Risk in Retirement.” The Retirement Management Journal, 6(1): 17-26.

Kitces, Michael:

  • “Taking a Fresh Look at Reverse Mortgages in Retirement.” AICPA Advanced Personal Financial Planning Conference.  January 21.
  • Kitces, Michael. 2013. “Is a Reverse Mortgage Better Than Keeping a Traditional Amortizing Mortgage in Retirement?” Nerd’s Eye View. September 18.
  • Kitces, Michael. 2011. “A Fresh Look at the Reverse Mortgage.” The Kitces Report. October.
  • Kitces, Michael. 2011. “Evaluating Reverse Mortgage Strategies.” The Kitces Report. November.

Pepe, Stephen R. 2017. “The Home Equity Conversion Mortgage as a Long-Term Care Insurance Alternative for Financing In-Home Care.” Journal of Financial Service Professionals. July. Issue 4 (53-66).

Pfau, Wade, Joe Tomlinson, Steve Vernon. 2017. “Optimizing Retirement Income by Integrating Retirement Plans, IRAs, and Home Equity: A Framework for Evaluating Retirement Income Decisions.” Stanford Center on Longevity, November.

Pfau, Wade D. 2015.Advisors Need a Fresh Look at Reverse Mortgages.” Advisor Perspectives December 1.

Sacks, Barry H., Mary Jo Lafaye, Stephen R. Sacks. 2017. “Using Housing Wealth to Facilitate Asset Division in “Silver Divorce” 3 Scenarios Show How Reverse Mortgages Can Simplify Divorce for Seniors.” Divorce Financial Analyst Journal. Forthcoming.

West, Thomas C. and Steven A Starnes. 2018 “Appropriate Investment Strategies During a Period of Care.” Journal of Financial Planning, January. 31(1): 37-39. “An HECM line of credit can be a good source of liquidity during a bear market and can meaningfully increase sustainable withdrawal rates, especially when implemented early in retirement…”

Books and General References

Media Mentions:

Marin Elder Law Published Articles by Pat Tobin: