I recently spoke to a financial advisor about a client’s retirement plan that I wanted to share with you. The situation is such that the client is getting ready to retire and he was looking at ways to reduce his expenses to ensure that his retirement income and his retirement accounts would be set up in a way that he would be able to meet all his financial obligations and still be able to have some fun in retirement.
As the market evolves, it will be crucial to monitor how these factors continue to shape the real estate landscape and whether a new equilibrium emerges in the coming months.
Your financial professionals can help you decide if you want your mortgage loan paid
off at retirement or if any of these other ideas work for you.
The HECM has been blamed for causing problems for some seniors in the past which has unfortunately given reverse mortgages a bad reputation, but the reality is, the problem is not reverse mortgages.
You do not need to look very far to find something that points to the fact that we have a looming housing crisis on our hands in this country.
So, let’s break some of these issues down and get a better understanding of the challenges and what we can expect going forward: