The Pros and Cons of Reverse Mortgages

MONEY“Thanks to the Great Recession, millions of older adults are entering retirement  with fewer savings, no pensions and skyrocketing health care costs. Others are  being forced into retirement before they’re ready thanks to job loss and  layoffs. The bottom line is that people are living longer in retirement with  less income…With limited financial options, many older adults are turning to that  tried-and-true American asset — their Home-Sweet-Homehome… But is it a good idea to use your home as a source of cash in your  retirement?” Click here to read more.

 

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