Pensioners

At a Pensioners' Federation conference in Tel Aviv, change-bloc parties pledged to raise old-age pensions to 25% of the average wage. Meanwhile, experts warn of an 810 billion NIS actuarial deficit threatening the National Insurance Institute's future stability.

Many in the third age looking for available cash for various purposes are opting for the reverse mortgage model - a loan against the property they own. Why has this controversial financial product become a hit, who allows it, and why is the age factor important? Experts explain what is important to check, why heirs are part of the process, and what financial scams or mistakes might trap those who...