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Incorporating the Reverse Mortgage into an Existing Financial Plan
Getting an a Reverse Mortgage in Coos Bay can play an important role when used as a component in senior’s overall existing financial plan. The concept is to utilize the proceeds from the Reverse Mortgage before tapping into the investment portfolio. Additionally, the tax free monthly stream of funds from the Reverse Mortgage allows for the senior to postpone receiving Social Security income in order to maximize that benefit at a later age. Bottom line… Use the proceeds from the Reverse Mortgage before tapping in to the investment portfolio or social security income. Accessing home equity, strategically… during retirement, can help senior homeowners to: extend retirement assets, increase cash flow…