Tag: retirement planning

Adjusting your spending habits in retirement

How prepared are you to adjust your spending habits in retirement? Like everything else in today’s information driven world, senior spending habits have received a lot of scrutiny. The surest path to a secure retirement is to have your spending habits match your income (in a perfect world). Unfortunately we don’t live in a perfect…

Is a Reverse Mortgage the right tool for a safe and secure retirement?

The perfect retirement strategy would be to have the cost of daily living stay as fixed as our incomes. Unfortunately, that just doesn’t happen. Those costs usually result in a higher withdrawal rate from your investment accounts. Drawing from a reverse mortgage has the potential to mitigate this risk by reducing the need for portfolio…

Why should you consider a Reverse Mortgage?

Why should you consider a reverse mortgage?  During our working years, most of us spent our earnings supporting our home. When we retire, it seems only fitting that our home help support us. Home equity is our most valuable asset. It may also be our most versatile asset. The money you have put into your…

You have questions, we have Reverse Mortgage Answers

1. Is it better to wait until I’m older to get a reverse mortgage?  The amount of your reverse mortgage is not based solely on age. Your Available Principal Limit (APL) is based on a combination of Principal Limit Factor (PLF), age, equity and interest rates. While you won’t get any younger, equity and interest…