What Are Important Benefits for Homeowners to Be Aware Of?
Everyone can picture the benefits of having more cash flow in retirementâvacations, spending more time with the grandkids, treating yourself in everyday lifeâbut there are other benefits that you might not be aware of.
Hear How Jim and Susan Got More Fun,
Freedom and Family Time in Retirement
âRightsizingâ Your Home and Neighborhood
You can purchase a new home using a reverse mortgage loan. This offers a tremendous boost in purchasing power without obligatory monthly mortgage payments. You just need to pay taxes, insurance, and maintain the home. If you wanted to upsize, downsize, move to a more expensive area, or anything in between, this could be right for you.
Make Retirement Investments Go Further*
With a reverse mortgage loan, you can secure your cash flow throughout retirement and change the way your finances work. If you turn a portion of your home equity into cash, you can avoid drawing from your investments when the markets are down, and do so when theyâre back up.
Utilize Some Major Tax Advantages*
Because the proceeds from a reverse mortgage are considered a loanânot incomeâthey are off limits to the IRS.* Strategic use of these proceeds offers a host of potential tax advantages, including withdrawing from your IRA in the lowest possible tax bracket percentage.*