A growing number of seniors are taking out reverse mortgages to access cash they can use for anything — from a luxury retirement vacation to basic life expenses. It's an appealing way of getting extra ...

With a reverse mortgage, people aged 55 and older can tap their home equity for cash. In most cases, a reverse mortgage is used to improve liquidity during retirement when people are on a fixed income ...

Farran Powell is the managing editor of investing at Forbes Advisor. She was previously the assistant managing editor of investing at U.S. News & World Report. Her work has appeared in numerous ...