line of credit Archives | NewRetirement

September 20, 2021byKathleen Coxwell

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…

February 28, 2021byKathleen Coxwell

Life is full of the unexpected. And if you are a retiree, or soon-to-be retiree, you are probably looking for a backup plan to insure you won’t run out of money in retirement! Does your retirement plan need a safety net? The stock market fluctuates, illnesses occur, family emergencies happen and people are living longer…

March 4, 2016byKathleen Coxwell

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. Waiting until you’re older works for many folks, but for the wealthy it can be a different story.A reverse mortgage allows homeowners…

February 16, 2016byKathleen Coxwell

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…

February 10, 2016byKathleen Coxwell

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…

February 1, 2016byKathleen Coxwell

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…

January 28, 2016byKathleen Coxwell

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…

January 12, 2016byKathleen Coxwell

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…

December 30, 2015byKathleen Coxwell

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 at least these three reasons, you should look into reverse mortgages. For some Americans, the answer is “yes.” For many, it’s “no.” And for a good portion, it’s “maybe.”…

Tag: line of credit

The Older You Are, The Greater Your Reverse Mortgage Benefits

Does Your Retirement Need a Plan B?

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

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

Is a Reverse Mortgage Right for You?

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

Is Your Nest Egg Hidden In Your Nest?!

The Top 3 Reasons To Get a Reverse Mortgage

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