Where do you fit in?

An article written by Dori Zinn, on Yahoo Finance, explores the average retiree income and expenses.

Link

The average 65-year-old has a monthly pre-tax income of $4,611 and spends about $4,345, not a lot of wiggle room for any unexpected expenses. The average retirement savings is about $200k and needs to be budgeted accordingly to last for both planned and unplanned retirement needs and wants.

Home costs account for 36% of annual expenses. What if you could continue to own your home and take advantage of all the years of hard work that went into building up your home equity without increasing your monthly expenses? The Reverse Mortgage might be the answer.

If:

You love where you live?

Your home is your forever home?

You want to gift the home to the kids?

You want to protect your spouse?

You want extra money available for the unexpected?

You want to enjoy the trapped equity without mandatory payments?

Then a Reverse Mortgage could be a possible option to learn about. The reverse mortgage is very commonly misunderstood and often viewed as a “last resort” but what if instead the Reverse Mortgage was used proactively like other financial tools to take advantage of both up and down markets?

What if a Reverse Mortgage could be positioned to potentially grow net worth in retirement?

Jaime and I welcome brainstorming with both you and your financial advisors.