Reverse Mortgages: Smart Retirement Strategy or Financial Time Bomb? Reverse mortgages are often marketed as a simple way to “unlock your home equity” and stay in the house you love — with no monthly mortgage payments. But what’s the real story? In this episode of In Good Company, Spencer Ernst breaks down the truth about reverse mortgages — without the hype, without the fear tactics, and without the late-night commercial spin. We cover: What a reverse mortgage actually is (and how it works) The difference between HECM, proprietary, and single-purpose loans How much you can really borrow Interest rates and the power of compounding The real costs and fees Foreclosure risk and tax/insurance obligations What happens when someone moves into long-term care How reverse mortgages impact heirs and estate planning When they make sense — and when they don’t The honest answer? Reverse mortgages aren’t automatically good or bad. They’re tools. And like any financial tool, they can either protect your independence — or quietly erode your equity — depending on how they’re used. If you’re over 62, helping aging parents, or thinking about retirement income strategies, this is a conversation worth having before signing anything. Because this isn’t just about a house. It’s about independence, legacy, and dignity in retirement. If this episode helps you, share it with someone who may be facing this decision. #ReverseMortgage #RetirementPlanning #HomeEquity #FinancialEducation #AgingInPlace #EstatePlanning #PersonalFinance #SeniorLiving #LongTermCare #InGoodCompany