Description
Our webinars help you PROVIDE retirement income that lasts a lifetime
Webinar #8: How might a home equity reverse mortgage help my retirement savings last longer?
Home equity is the largest asset that most middle-income retirees have after the value of their Social Security and pension benefits. In a time when lifetime income sources such as pensions and Social Security benefits are declining, accessing home equity will become more important as people live longer and face increasing health care costs. Reverse mortgages offer a way to tap home equity for retirees to address these needs and stay in their home. Because of key changes made in the last several years to the Home Equity Conversion Mortgage program by the Federal Housing Administration, the safety and functionality of accessing home equity now go beyond supplementing retirement income.
Three things you need to know:
1. How a reverse mortgage does not leave debt to children, does not require monthly payments, is not taxable, and protects the homeowner with strong federal regulation.
2. How establishing a line of credit that keeps pace with inflation can provide the funds for a long-term care event, the effects of which fall so heavily on women.
3. Examples of how a reverse mortgage can be used to secure your retirement.
[embedyt] https://www.youtube.com/watch?v=yTSD_MXIFIo&t=105s&width=300&height=169[/embedyt]
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