The Future of Retirement Looks Bleak For Many

A new study from HSBC finds that the majority of working age people have major concerns regarding their retirement.  The leading concern is existing mortgage payments and the strain it puts on finances.  The study states that 34% of working age people doubt that they will be able to maintain a comfortable standard of living in retirement and 69% are worried about running out of money.  Paying off a mortgage is one of the key reasons people are not preparing adequately for a comfortable retirement.  Though it was not mentioned, a reverse mortgage can provide the solution in this case.  Read more here.

Senate Examines Pending Retirement Crisis

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.

Reverse Mortgages As A Retirement Alternative

The Journal of Financial Planning recently published a detailed article on the baby boomer economy and retirement trends.  As stated, there is a need in our economy to have alternative sources of retirement income for those who are retired, close to retirement and even those who are planning to retire in the next 30 to 40 years.  Study shows that a person's home stores about two-thirds of their wealth, which means that one's home will grow in importance in relation to their retirement portfolio.  A reverse mortgage works by tapping into the home asset to provide cash to help supplement retirement.

Learn more about how to use a reverse mortgage for retirement planning by visiting:
www.reversemortgagebenefit.com

Reverse Mortgages Can Help Avoid Taxes

Reverse Mortgages are being utilized more than ever to supplement one's retirement income. Homeowners and financial planners are using a reverse mortgage to help stave off taxes, as indicated in a recent article in the Herald and News.  Reverse mortgages can be a much better option than taking money out of one's 401(k) and being taxed at likely rates of about 28 percent for federal and 9 percent for state. Since there is no tax on reverse mortgage proceeds, this option can help pay the least amount of taxes over the long term. And, keeping the money in the 401(k) will continue to earn interest which will offset the interest of the reverse mortgage loan.  Read more at HeraldandNews.com.

Reverse Mortgages and Retirement Planning

Reverse mortgages are being considered more and more as a financial retirement tool for senior homeowners.  The financial planning community has realized the potential of using the equity in one's home by way of a reverse mortgage to help fund retirement.  There are certain reverse mortgage payment plans that work better to meet the needs of those who are not necessarily in immediate need of money but rather are looking for ways to extend their assets to last their lifetime.

InvestmentNews recently published an article discussing the new uses of a reverse mortgage for financial planning, and various other individuals have published similar articles.

For more information on reverse mortgages and to be put in touch with a reputable reverse mortgage lender, visit our website at:  www.reversemortgagebenefit.com.

ReverseMortgageBenefit
www.reversemortgagebenefit.com
info@reversemortgagebenefit.com