Description :
A reverse mortgage can be used as a creative financial planning tool that helps you, as a retiree, utilize your home equity to increase cash flow while protecting your investment portfolio. Coordinating your investment portfolios with your housing assets can help you
create a more robust retirement plan. A reverse mortgage should be used as a financial planning tool not a last resort loan. Too often misunderstood and misapplied, the reverse mortgage has long suffered from a reputation problem with financial planners and homeowners alike. The truth is that when applied strategically in conjunction with the retirement portfolio, accessing the equity in your home can benefit you in retirement.According to the Federal Reserve Economic Data, home equity in America has grown from 8.2 Billion in 2012 to just under 32 Billion at the end of 2023. At the end of 2023 over 65% of all available residential housing belonged to homeowners. Of that 65%, 77% were age 65 and older. Clearly the bulk of home equity is in the hands of those homeowners who are near retirement or retired. Using this equity effectively in your financial plan can help extend the life of your invested retirement assets and supplement cash flow.This book is meant to open your mind to the fact that your home can be a significant part of your retirement cash flow, not just a hard asset that is part of your net worth. This book is not meant to be specific financial planning advice. I am not a licensed financial planner. This book is about awareness. Bringing to light a financial product that can significantly impact your retirement cash flow when applied correctly.