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