Your name saw this post on The ActiveRain Real Estate Network and thought it might be of interest to you. Please see the link below to review the post.

Reverse Mortgage Can Mean Retirement Insurance
“It’s critical that pre-retirees change their current mentality of planning to live 20 years in retirement,”  said John Carter, president and chief operating officer of retirement plans for Nationwide Financial in a recent article published in the Reverse Mortgage Daily. “Too often, once retired they realize they’re facing 10 or more years of expenses ahead of them that they didn’t pay for.”
The cost of retirement has risen and many seniors haven't realized it. In fact, many Americans underestimate Long-Term Care (LTC) by more than three times the actual cost, and nursing homes carry an estimated to cost at least 265,000 per year by the time the last boomer retires (2030).
With the cost of living rising daily in an uncertain housing market and the fear of outliving your retirement income an ever-present elephant in the room, the Home Equity Conversion Mortgage, or reverse mortgage is an available option for those looking for a smooth and solid retirement.
While many have found solice in retiring later working part time, Harold Evensky, "the financial planning guru," recently published a paper in Journal of Financial Planning advocating the benefits of a "standby" reverse mortgage, a second option for those seeking the benefits of a reverse mortgage with lower, ... more

__________________________________________________
Are you on The Rain? Grow Your Network!