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Reverse Mortgages have changed significantly over time

Most retirees understand a Reverse Mortgage (RM) can be used to access a percentage of the equity in their home, but don’t know how versatile a tool it can be.  Here are some potential uses:  A source of tax-free money (consult a tax advisor).  Protection against future drops in housing. …

Aging in place and alternative options for receiving care in home

Almost 90% of those 50 and older would like to stay in their homes as they age, yet only 46% of retirees believe that they will be able to stay put throughout their retirement, according to an AARP survey.  There is a gap of 44% that would like to stay…