How Your House Can Save Your Retirement

Worried you’re going to run out of cash in retirement? The solution to your problem may be closer than you think.

Couple Saving Money

By Maryalene LaPonsie

After Joyce Ruvolo’s husband passed away two years ago, she noticed a disturbing trend. “I found myself taking money out of the bank every month to pay the bills,” says the 77-year resident of Boca Raton, Florida.

Unhappy with her cash flow situation, Ruvolo found a solution to her problem with Kathy Burns, a reverse mortgage loan specialist with On Q Financial. Burns helped set up a reverse mortgage, also known as a home equity conversion loan, which allowed Ruvolo to tap into the equity in her house and receive regular payments to supplement her income. “Kathy was wonderful, and the extra money I have in my pocket at the end of the month makes up the deficit I had before,” she says.

Read the Full Article at money.usnews.com >>>>

It's only fair to share...Share on FacebookShare on Google+Tweet about this on TwitterShare on LinkedInShare on RedditShare on TumblrEmail this to someone

Related Posts:



All content herein is owned by author exclusively. Expressed opinions are not necessarily the views of VT Money, VT Money, authors, affiliates, advertisers, sponsors, partners, technicians or Veterans Today Network and its assigns. In addition, all images within this post are the full responsibility of the author and NOT Veterans Today Network.
Legal Notice - Comment Policy


Arnaldo Rodgers Posted by on 9:18 am, With 0 Reads, Filed under Personal Finance. You can follow any responses to this entry through the RSS 2.0. Both comments and pings are currently closed.

Comments Closed

You must be logged in to post a comment Login


TOP 50 READ ARTICLES THIS MONTH
From Veterans Today Network