License #

David Viox NMLS19263
Rob Young NMLS20702

Monday

Could tax-free funds help you restart your retirement?


Could tax-free funds help you restart your retirement?
Many retirees have found themselves in the position of seriously questioning whether or not the funds they saved for retirement will outlast their lifestyle needs. This can happen for many reasons.
For example, an unplanned illness can deplete a couple’s savings fairly quickly even with medical insurance.  There can be out-of-pocket expenses for medications and complications from a serious medical or experimental treatment that can deplete anyone’s budget.
Even something as simple as the number of seniors who don’t have a will, estate plan or retirement in place because of the cost to the monthly cash-flow is surprising.
Today’s most savvy retirement planners would recommend a reverse mortgage as part of a smart retirement re-boot . 
By tapping the built-in equity in your home, the proceeds from a reverse mortgage can be used for just about anything.
It’s your tax-free money!
You could:
Pay off medical bills and/or credit card debt
Create an interest -bearing emergency fund
Make home repairs and keep up with general house maintenance
Remodel the bathroom, enlarge doorways or build a mobility ramp
Estate planning, making or amending a Will or pre-paying for final expenses

Did you know that by taking out a reverse mortgage on your current home you can send yourself a monthly payment for the rest of your life?
 It’s true! In addition to accessing a lump sum of cash and structured monthly payments, your reverse mortgage can establish an instant line of credit that cannot be closed until you move out of your home.
All these choices come with the freedom to never have to make a monthly payment, further aiding in your retirement re-boot!
For more information about how your home can serve you and help replenish your retirement savings, call David at Vandyk Mortgage (513) 429-2122 or click HERE to visit us online.





1 comment:

Anamika said...

its great. Reverse Mortgage helps to start a new journey without any cost. The retirement funds without any tax.