Reverse mortgages can help seniors with retirement

Reverse mortgages can help seniors with retirement,

A lengthy retirement should be relatively stress-free, but as Americans live longer, the biggest worry today is whether they will outlive their money.

“The challenge for people approaching retirement is longevity and how long they’ll live in retirement,” said Ted Provenza, a certified estate planner with The Provenza Group of Owings Mills.

Provenza says people entering retirement should have paid off their mortgage, as other expenses will tug at what will become limited income.

“Your need for income should be as low as possible,” Provenza said.

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Full post here Reverse Mortgage Loan Blog

Written by News & Feeds on October 7th, 2007 with comments disabled.
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