Richard Neal Reverse Mortgage Specialist Guild Mortgage

Let your home equity work for you when you stop working. If you are feeling like you might not be financially prepared, you are probably one of many who feel the same way. The financial side of retiring can be daunting and something you should have a plan for. One of your biggest assets could be the equity in your home, so why not consider that as part of your financial plan for retirement.

The article below offers insight into how helpful a Reverse Mortgage loan can be. Please feel free to contact me for more information. Kiplinger Article Highlights Reverse Mortgage Benefits Kiplinger, one of the oldest and most widely read personal finance publications in the world, published a comprehensive article on the strategic use of home equity that included a section on reverse mortgages.... Reporter Patricia Esswein interviewed Ray and Anne Smith, of Jasper, GA, to illustrate the impact that a reverse mortgage can have on a retirement plan. The Smiths, who are in their 70s and drawing retirement funds from Social Security and an IRA, refinanced into a reverse mortgage this past spring. The proceeds paid off an $80,000 mortgage balance and credit card debt, with the remaining $150,000 being set aside in a line of credit. I wanted to make sure we will be comfortable and can live in this house as long as we want to, says Ray. Esswein’s article offers a balanced look at how reverse mortgages work and advises consumers to visit NRMLA’s consumer site, ReverseMortgage.org.

An excellent overview from a CPA, and retirement expert, featuring innovative strategies for creating and optimizing retirement income. Please contact me so I can help further educate you on how a reverse mortgage can play a strategic role in your retirement. https://www.thestreet.com//reverse-mortgages-could-play-a-

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