As we all know, dining out, gas, groceries, and other expenses have been on the rise over the last 10 years but unfortunately Social Security (SS) payouts have largely remained the same.
A non-partisan senior advocacy group, The Senior Citizens League, has projected that SS checks will rise by 2.8% across the board in 2019. This would increase the maximum benefit for someone at full retirement age by $78 a month; or almost a thousand dollars a year.
The Social Security Administration is set to announce the cost of living adjustment this month. . If this increase is not enough to help you live in retirement as you need; feel free to contact Robert Snow Krepps, NMLS # 255191, at HighTechLending Inc, NMLS # 7147, for a free Home Equity Conversion Mortgage (HECM) program analysis. This report will tell you if you may be eligible to qualify for a reverse mortgage and to eliminate your monthly mortgage payment (you will still be responsible to pay your property taxes and insurance). Reverse mortgages allow you to cash out equity in your home so that you can receive monthly payments or a large lump sum payout or have funds available in a Line of Credit. Robert Snow Krepps can be reached at rkrepps@hightechlending.com or at 877-567-7476.
HighTechLending Inc is an Equal Housing Lender. Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act.
