retirement funds: 11 ways you can use your reverse mortgage funds
- 03/19/16 01:05 PM
There are many reasons why a retired homeowner would consider taking a reverse mortgage. Some people use a reverse mortgage as part of a financial plan, while others use it in the case of an emergency. There are very few restrictions on what the funds from a reverse mortgage can be used for, although, you need to be able to pay your property taxes and home upkeep apart from the funds. Overall, your funds are available to you as your own money, to do with whatever meets you need. As with any financial solution, it is important to talk to a professional … (1 comments)
retirement funds: Will My Retirement Funds Last? A surprising strategy
- 02/14/16 10:18 AM
Sixty-four percent of retirees will get at least half of their income from Social Security. The primary source of income for most retirees is in the form of a 401k or IRA, and yet all of them are concerned with the big question:
“Will my retirement funds last?”
The goal of most financial plans is to allow for about 4% of the total needed income to be withdrawn each year for 30 years. But most retirees are finding it difficult to stick to this 4% max as it is rather limiting. Reverse mortgage funding is now being considered a very viable option to … (2 comments)
Related Links:
Kevin A. Guttman-Author, ReverseMortgageSpecialist
There are many reasons why a retired homeowner would consider taking a reverse mortgage. Some people use a reverse mortgage as part of a financial plan, while others use it in the case of an emergency. There are very few restrictions on what the funds from a reverse mortgage can be used for, although, you need to be able to pay your property taxes and home upkeep apart from the funds. Overall, your funds are available to you as your own money, to do with whatever meets you need.
;)
;)
