Among the retirement planning tools gaining in popularity right now are reverse mortgages. Even as the subprime lending crisis wreaks havoc with conventional mortgages, reverse mortgages continue to rise in
popularity. And a new product may help reverse mortgages see a greater gain in popularity. It’s called the Simple60, and it changes the age requirement on reverse mortgages.

Most reverse mortgage require that you be at least 62 to take advantage of the retirement planning opportunities available. But the Simple60 allows you to take out a reverse mortgage as long as you are 60, widening the field to allow more people to use their home equity in retirement planning.