Don’t Take Retirement Advice From Late-Night TV Ads

Pitches for reverse mortgages may be confusing seniors, a consumer watchdog warns
Photograph: Getty Images

Seniors watch a third more TV than other adults, and every time they turn on the set there’s a good chance they’ll see an ad for reverse mortgages. As healthy-looking retirees ride bikes or play golf, an older actor will explain that reverse mortgages can be a great way for retired homeowners to get some extra spending money. And it’s true: Reverse mortgages can be a valuable tool for retirees.

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