NATION: Reverse mortgages can help senior citizens, but may not be for everyone

With fixed incomes and increased living expenses, many senior citizens are turning to reverse mortgages as a way to receive extra cash.

Reverse mortgages can help senior citizens, but may not be for everyone

With fixed incomes and increased living expenses, many senior citizens are turning to reverse mortgages as a way to receive extra cash.

NATION: Reverse mortgages may not be for everyone

With fixed incomes and increased living expenses, many senior citizens are turning to reverse mortgages as a way to receive extra cash.

Reverse mortgage may be best option for elderly homeowner

A reverse mortgage would enable an 82-year-old woman who needs cash to tap the substantial equity in her home. Dear Liz: My healthy and active 82-year-old mother is faced with having to sell her home this year because she's running out of money. She has lived a very minimal lifestyle for many years as her savings dwindled, and her income is now basically Social Security. She owes $25,000 on a ...

Video: Advice on mortgages, 401(k)s and more

In this episode of "Ask the Experts," MoneyWatch editors Jill Schlesinger and Jack Otter are joined by financial columnist Liz Weston, and MoneyWatch investment blogger Larry Swedroe. The team debates who should buy a home, how to pay off debt, where to invest for retirement and more.