A Little-Known Strategy to Help Protect Your Retirement Savings for Longer
Nobody wants to run out of money and be financially shipwrecked in retirement. Unfortunately, there is a lurking and potentially devastating danger out there that…
Tag: line of credit
Are Reverse Mortgages Expensive?
Many seniors have the impression that reverse mortgages are expensive – mainly because of the closing costs. Yes, depending on the scenario, reverse mortgage closing…
Does Your Financial Plan Include “Retirement Insurance”?
Does your financial plan include “retirement insurance”? I’m guessing you’ve never heard of such a thing, right? The term is sometimes used to refer to…
What Does the Ideal HECM Reverse Mortgage Candidate Look Like?
The HECM reverse mortgage is a fantastic home loan product. Though it can benefit seniors with a variety of financial goals and needs, what does…
Dear Penny, I’d Like to Set the Record Straight on Reverse Mortgages
I have to admit I get a little annoyed at some of the articles and advice published in the media about reverse mortgages. Pundits and…
The Lurking Danger That Can Swamp Even a Solid Retirement Plan (and How You Can Avoid It)
If you’re not familiar with the term sequence risk, you definitely should be. It’s a potentially devastating lurking danger that can completely swamp an otherwise…
So You’ve Paid Off Your Mortgage. Great! Now Here’s the Problem…
So you’ve paid off your house and are headed for a mortgage-free retirement. Fantastic! Retiring without a mortgage payment means you can more easily live…
A HECM Line of Credit Example
The HECM reverse mortgage line of credit is a great financial tool for many seniors. If you owe little to nothing on your home, the…
The Reverse Mortgage Line of Credit is Fantastic. Here’s Why.
The HECM reverse mortgage line of credit is simply fantastic. It’s a shame that so many seniors and their advisors and family members remain unaware…
How to Turn Home Equity Into a Tax Free Retirement Account That Grows
What if I said there was a way to turn a large portion of your home’s equity into a liquid and tax free retirement account…