Shifting Into Reverse Blog
#117 Using reverse mortgage to become a homeowner again
RECYCLING FROM RENTING TO BUYING WITH A REVERSE MORTGAGE When you retired five years ago, relocating from the northwest to Indiana to be closer to family, you made the decision to rent a luxury apartment rather than rushing into a permanent home buying choice. As a widow, what with COVID and the crazy competition for […]
#116 Using reverse mortgage to buy a new home
MOVING “UP” IN LIFE WITH A REVERSE MORTGAGE 12/27/2022 Ever since their father’s death three years ago, your son and daughter have been urging you to move closer to your daughter’s location in eastern Indiana. Now age 73, you had envisioned remaining in your present home for the remainder of your life, but now, the […]
#110 Benefiting two generations with a reverse mortgage
REVERSE MORTGAGE DAUGHTER CAN HELP DAUGHTER GO HOME AGAIN November 15th, 2022 Your 85-year old widowed mother is becoming less and less able to manage her large home in central Indiana. With you hours away in eastern Illinois, your plan had been to help Mom move into a retirement community. Mom, though, is adamant that […]
#111 Contingency financial planning with a reverse mortgage
LOOKING BOTH WAYS WITH A REVERSE MORTGAGE November 22, 2022 Six years into retirement, you’re only now beginning to feel the “pinch” from the increase in everyday living costs. Generally speaking, you consider yourself fortunate, able to maintain a comfortable lifestyle, pursuing your arts and theatre-related pastimes. Widowed eleven years ago, with both children financial […]
#112 Reverse mortgage allows retiring now as planned
REVERSE MORTGAGE CAN ALLOW ROLLOVER ACCOUNT TIME TO RECOVER November 29th, 2022 As recently as two-three years ago, things seemed simpler than they now appear to you. The plan was for your wife to retire at the end of this year (she just turned 66), but she has changed the date to summer of next […]
113 Using reverse mortgage to supplement income in early years of retirement
“CARPE” DIEM” WITH A REVERSE MORTGAGE DRAW December 6th, 2022 With the last two years of your careers having been marked by the pandemic (each of you, despite having been vaccinated and boosted, has now had COVID twice!), you were moved to make two admittedly emotionally driven decisions. First, despite the drop in the value […]
114 Using reverse mortgage in an uncertain housing market
CONCERNED HOW A DROP IN HOME VALUE MIGHT AFFECT REVERSE MORTGAGE December 13th, 2022 A year or so ago, then four years into retirement and in the midst of the real estate “craze”, you had briefly considered selling your home, but instead made the decision to stay put. You arranged for a small home equity […]
115 Using reverse mortgage to pay for in-home care
REVERSE MORTGAGE CAN KEEP MOM AT HOME SWEET HOME December 20th, 2022 Over the four years since your father’s death, it has been a relief to you and your sister to see Mom, at age 76, resuming an active social life. While she is able to drive and continues to manage her own finances, she […]
#109 Substituting reverse mortgage draw-downs for IRA withdrawals
EASING THE BURDEN OF SOCIAL SECURITY’S “GOOD NEWS” November 8th, 2022 You’ve just realized that all the Social Security “good news” flooding your newsfeed might well be bad news in disguise when it comes to taxes. Yes, you’re each scheduled to receive a hefty raise in your Social Security benefit due to the more than […]