Life Stages - Moving on
One option for the retiree for increasing their monthly cash flow is the reverse mortgage, where you receive a monthly payment from the lender who expects to gets its money (and interest) back upon the sale of the house at some future time. Sounds good and it can be,; however, there are potential pitfalls to be aware of, one called a “toxic” reverse mortgage. This article will give you some insight into what can happen, if you don’t pay attention to the details in a reverse mortgage.
Another thing that you might need about now is some good financial advice. I’ve been with Celia Magro of Ameriprise Financial Services, Inc. for over 10 years and can highly recommend her to you.Ask her to send you an Ameriprise Dream Book, which helps put your financial retirement planning in perspective. Tell her Norm sent you.
Click here to send her an eMail.
Click here to send her an eMail.
Aging in Place - the new thinking on retirement
An entire industry is growing up around the idea of aging in place -
Wikipedia - Aging in Place
