Financial planners overlook reverse mortgage line of credit

At the same time, a growing retirement crisis is making housing wealth more relevant for financial planners. Ponsford estimates the addressable market of baby boomers who own a home at roughly 33 million people, excluding those with more than $5 million in liquid assets. He described those with $500,000 to $3 million in assets as the product’s “sweet spot.”

Most financial advisers…