A reverse mortgage is one way seniors can boost their retirement income or use the home equity they have built up over the years to do something they’ve always wanted to do.
Finally saying goodbye to your career can be bittersweet.
As people draw closer to retirement, many begin to plan how they will support themselves after they leave the workforce one last time.
Planning your retirement budget requires identifying your sources of income, such as Social Security, 401(k) plans or, for some, reverse mortgages.
There will be about 73 million Americans age 65 or older by the year 2030. Of those, 90 percent or more will want to remain in their home according to an Aging-in-Place report.