Annuity Type Monthly Income Archives - Reverse Mortgage Advisors

Retirees, Make the Most of Your Home Equity Loan

When retirees have equity in their home and it is mostly paid off, here are 11 choices of financial options to consider

Advanced | Annuity Type Monthly Income | Retirement Income | Reverse Mortgage Facts

Affording Health Care in Retirement

Survey: 64% of Americans were expected to retire broke. Survey: Only 38.1% were saving specifically for the cost of health care in retirement. Average retiree is thought to spend $4,300 on health care each year, although specific conditions and treatments can certainly affect this amount. Only 20.9% of people earning less than $50,000 said they believed they would have sufficient savings for retirement. Nearly 23% planned to use a health savings account (HSA) – or tax-advantaged account – a relatively more effective option than a personal savings account.

Incorporating Home Equity into a Retirement Income Strategies

Seven total retirement income strategies will be considered, six of which involve spending from a HECM(Reverse Mortgage)

Advanced | Annuity Type Monthly Income | Real Estate Market Trends | Retirement Income

Secure Retirement – MANAGING POST-RETIREMENT RISKS

Retired individuals with outstanding mortgages can effectively improve their monthly cash flow by replacing their conventional mortgage with a reverse mortgage, using the lump sum proceeds of the reverse mortgage to pay off the conventional mortgage. Retirement risks discussed…

Annuity Type Monthly Income | Beginner | Real Estate Market Trends

THE JOURNAL OF RETIREMENT

Imagine a retirement projection with an initial portfolio amount, home, and mortgage. Add an Reverse Mortgage Line of Credit(RMLOC) as a “non-traditional” asset. This leads to an expanded and more holistic view of asset allocation in retirement with primary asset classes of equities, bonds, homes, and RMLOC loan balance, along with SPIAs and reverse mortgage tenure payment plans.