Middle-class Americans have virtually no savings in their retirement accounts due to financial crisis and economic recession that we have seen in recent years. The deterioration of 401(k) plans and IRAs coupled with the uncertainty of Social Security has more Americans looking for additional sources of income. The Senate stated that during the stock market plunge of 2008 and 2009, those retirement accounts lost a total of $2 trillion in value.
The financial planning community is advising that Reverse Mortgages by included as part of one's retirement plan. Reverse Mortgages are recently being looked at as an option to fulfill the income lost from the deterioration of other retirement assets.
For more information on how reverse mortgages may solve retirement problems, visit www.reversemortgagebenefit.com.
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