Robert Merton On The Promise Of Reverse Mortgages And The Peril Of Target-Date Funds

Robert Merton On The Promise Of Reverse Mortgages And The Peril Of Target-Date Funds

November 2, 2015

by Robert Huebscher

PDF | Page 2

Target-date funds are an exceptionally bad way to save for retirement, according to Robert Merton. But, he said, reverse mortgages are a powerful – yet largely untapped – tool for retirees to improve their standard of living.

Merton is a professor of economics at M.I.T. and was awarded the Nobel Prize in economics in 1997 for his contributions to the...

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