Creative use of a reverse mortgage line of credit can make your retirement more secure. Recent scholarship suggests that opening a reverse mortgage line of credit and not using it until it is necessary, if at all, creates the most downside protection if you run short of retirement savings. This strategy allows the line of […]
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Reverse Mortgage Basics
Helene, a soon to be single retiree, lamented the other day that she wished she had saved more. She didn’t have a pension and she was delaying claiming Social Security because she had longevity in her genes. She felt she was going to have to sell her condo (on which she still had about a […]