The Reverse Mortgage-Fact & Fiction
Planning for retirement can be a daunting task, long-term care, investments or annuities, lack of retirement income. These all lead to unnecessary frustration. A reverse mortgage could settle some of that headache. Since most seniors will have need to reduce their current spending while retired, a reverse mortgage may provide the added cushion most people feel they need even before retiring. Social Security, IRA's, 401k's, and other methods of retirement income usually provide enough for living expenses and recreational activities, but do not leave much room to improve your financial future. A Reverse Mortgage is an increasingly popular solution to access a large amount of tax-free funds to safely allocate for higher interest investments and securities.