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Reverse Mortgage Guide Page 1 (to first page)

Troubled Times: Reverse Mortgages Might Be The Answer

Some important statistics for those already retired or those putting off retirement until they feel as though they've filled the retirement bucket. The news isn't good. According to some reports, almost 2 trillion dollars of retirement value has disappeared in the past year while the global economy sorts itself out. Even big name investors are losing money in stocks. If the pros are taking hits this size, what about the guy that managed his or her own portfolio or worked with the guy from the little investment boutique down on the corner? Imagine how someone in the 1970's was to be able to appropriately plan for their retirement using the old fashioned investing methods before the internet came to be.

From January 1973 to January 1975, the stock market tumbled about 50%. How long did it take for that 50% drop to recover, it really depends on whether the investor left it alone and how they made adjustments to their income and spending. Back then, the investor actually read the whole Annual report and followed profit and loss statements and their future probably contained a pension to supplement their retirement income. That's not how it works today in most cases and who has 10 years to wait until the projected growth returns to your portfolio, especially if you are drawing from it to feed yourself? "If you need to use some of the same money that you need to grow to pay for the rest of your life, you've got a problem", says Paul Arnold, managing director of the Unified Cos, a Cincinnati based financial services group. He goes on to say, "one bad year really could ruin a lifetime of planning".

As mentioned in the first article of the Reverse Mortgage Beginner's Guide, one of the most effective and efficient ways to supplement retirement income in a down market is through the use of a reverse mortgage if the investor has established a large portion of equity in their home. A Connecticut couple didn't want to move or liquidate their retirement investments; their children own their homes and supported their reverse mortgage plan. This is but one story of many where a reverse mortgage is put in place to provide the income that is missing from a person's retirement plans, but why is it not being mentioned more? Let's look into the pluses and minuses of how a reverse mortgage can help you gain access to much needed cash in a down market.

Reverse Mortgages (PLUSES)

NOW the Negatives about Reverse Mortgages

We will continue to bring more examples and facts pertaining to reverse mortgages in the coming articles. Reverse mortgages are great cash flow tools for those seeking to alleviate the pressure on their retirement portfolios after the past 12 months of economic blood letting. For more information, send us an email at our contact page and a very knowledgeable resource will get right back to you with an answer.

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