Wisdom is one benefit of aging; larger reverse mortgage loan amounts is another.

The Older You Are, The Greater Your Reverse Mortgage Benefits

Reverse mortgages provide older homeowners with an additional source of cash flow to supplement, and even enhance, their retirement savings. Depending on a borrower’s age, there are several ways that older retirees can maximize their reverse mortgage potential. A reverse mortgage allows homeowners age 62 and older to convert a portion of their home equity…

Waiting until you’re older works for many folks, but for the wealthy it can be a different story.

Rich or Poor, Here’s How To Get the Most Out of a Reverse Mortgage

Reverse mortgages offer retirees a number of benefits. Not only can they provide extra cash flow to support a more comfortable  retirement, but when used strategically, they can also protect your investment accounts. A reverse mortgage allows homeowners age 62 or older the ability to convert their home equity into tax-free proceeds, which can be…

Used wisely, getting a reverse mortgage early in retirement can result in getting more out of both the reverse mortgage and your investments at the same time.

Two Reasons to Get a Reverse Mortgage Now Instead of Later

If used strategically, reverse mortgages can be valuable financial planning tools to help retirees cover a variety of lifestyle expenses and can also strengthen the spending power of their retirement portfolios. Conventional wisdom has suggested getting a reverse mortgage later in life, to maximize borrowing power. In the past, this made sense.  The majority of…

Taxable?  Deductible?  Income or not?  Tax Planning? These questions rise to the surface every year around this time.

The Tax Implications of Reverse Mortgages

The Tax Implications of Reverse Mortgages It’s tax season.  For both new and prospective reverse mortgage borrowers it brings to mind questions about how the money from a reverse mortgage is best handled from a tax perspective.  In either case, there are a few things you should know from a tax perspective. Reverse mortgages enable…

Protect Your Retirement Savings from New Medicare Fees with a Reverse Mortgage

Protect Your Retirement Savings from New Medicare Fees with a Reverse Mortgage

Earlier this year, Medicare introduced a new program framework that will make paying for certain coverage options more expensive in the future.  Covering these new surcharges would normally have to come out of other income or by drawing down your investments.  But, it doesn’t have to come out of pocket, or even out of your…

The effectiveness of a reverse mortgage is determined by the borrower’s retirement goals

Is a Reverse Mortgage Right for You?

Reverse mortgages have undergone substantial changes over the past year to make them safer for retirees. But just like many other financial products on the market today, reverse mortgages are not for everyone. A reverse mortgage allows homeowners age 62 and older to convert their home equity into tax-free proceeds, which they can use at…

“This savvy use of a HECM is catching on . . . . It’s what changed my mind about the potential value of HECMs for people in their early 60s and 70s.” -- Jane Bryant Quinn

Financial Guru Jane Bryant Quinn Recommends a Fresh Look at Reverse Mortgages

Reverse mortgages aren’t what they used to be. Recent program changes have not only made these loans safer for borrowers, but they’ve also made them better financial planning tools. And this has convinced many financial experts to change the way they look at reverse mortgages. One of those experts is Jane Bryant Quinn, one of…

Many retirees have overlooked the nest egg they’re living in.

Is Your Nest Egg Hidden In Your Nest?!

Do you have a nest egg? You might, but you may not even know it. That’s because your nest egg may actually be your “nest,” that is, the home you live in now. If you own a home and have paid off all or a good portion of your mortgage after making years of payments…

For at least these three reasons, you should look into reverse mortgages.

The Top 3 Reasons To Get a Reverse Mortgage

If you’re approaching retirement, or have already stopped working full time, you might be eyeing your savings and your investment portfolio wondering: will it last? For some Americans, the answer is “yes.” For many, it’s “no.” And for a good portion, it’s “maybe.” If you find yourself in the “maybe” category, there are some measures…

The oddly named ‘tenure payment’  is a fixed monthly payment you can get as long as you live in your home.

Here’s How Your Home Can Write You a Monthly Check for the Rest of Your Life

Reverse mortgages have been gaining greater attention from financial planners because  they can be incorporated into retirement income plans. One of the several strategies enables homeowners to use a reverse mortgage to receive monthly cash flow for life. A reverse mortgage allows homeowners age 62 and older to tap into home equity by converting a…