If you’re over the age of 62 and in need of some extra cash flow in your retirement, you may be considering a reverse mortgage. Borrowing money from your home equity might sound like a good idea, but is it actually a wise move financially? Here are some things to consider when making the decision to take out a reverse mortgage on your home.
Money Chat is a new and fun extension of Edwards & Associates Financial Services, Inc. with Diane Edwards as author.
We believe that education should be fun and learning should never end. We hope you enjoy reading the articles and possibly gain a better understanding of financial planning, money personalities and creating a stronger ROL (return on life).
We would love to hear from you! If you have any questions, comments or topic suggestions for Diane, feel free to email her directly at email@example.com.
Many older Americans rely on Medicare for their health care needs. But it’s not always easy to figure out what’s covered and how much it will cost. Medicare benefits change from year to year, and 2021 is bringing an increase in premiums for participants. The good news is, there are other ways to save on Medicare costs.