Thinking Ahead?

Making a reverse mortgage part of your planning

One of the most overlooked assets in retirement is home equity

For most of us, buying a home is the biggest investment we make

  • Using home equity alongside other investments will extend the life of your retirement fund.
  • Tapping into home equity can act as a useful tax shield. Think about it: Any time you withdraw investments or receive pension income, it is taxed.
  • Proceeds accessed with a reverse mortgage are not taxed. Using this program, you can leave other investments in the financial markets to keep growing.

Think ahead: You can use a reverse mortgage as an emergency fund If developing a larger nest egg for the “what if” moments is a concern, a reverse mortgage line of credit program may be beneficial. As time progresses, funds available in your reverse mortgage credit line will increase. If you do not need immediate access to the funds, let the funds grow. Treat this like a rainy day fund for future unforeseen expenses such as medical expenses or home repairs. Provide security for your spouse A reverse mortgage is a way to provide security for your spouse in your home. If a borrower dies, the program ensures the surviving co-borrower will have the ability to live in the home for as long as that person desires. The only requirement is staying current with property taxes and homeowners insurance expenses. This is particularly important for couples who currently have mortgage and consumer debt. The loss of a spouse can result in loss of income. To think about: Would your spouse be able to afford a home in San Diego without you? We all have some level of concern about the future, and that’s perfectly normal. Can a reverse mortgage better position you for the years ahead?

Let’s find out if this option is right for you!

Things to Consider:

Did you know Americans’ number one concern in retirement is running out of money?

Are you the 1 in 3 Americans that have saved nothing for retirement? Or maybe the 3 of 4 that are not confident they saved enough?

How much do you think you should save for healthcare? Fidelity research estimates a couple will spend close to $245,000 for healthcare expenses in retirement.

Do you worry about stock market uncertainty? Are you taxed heavily when you access your investments?

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