Additional Retirement Income

Additional Retirement Income, Income-Tax Free¹

If you are an older adult, it goes without saying that you are probably concerned with your retirement income; having enough retirement income, AND with finding additional retirement income sources. If you are about to retire, you're doing the math, as well as saving and planning. If you are retired already, you may be watching your budget, wishing you had contributed more to your 401K. If you are living on Social Security alone, you may be really pinching pennies, searching for a solution for more retirement income. In any of the above cases, retirement income sources are an important part of your financial survival.

Your Retirement Income Options

At Senior Reverse Mortgage Online we specialize in providing seniors with basic reverse mortgage information and a licensed reverse mortgage consultant in your state. If you are not familiar with it already, the reverse mortgage senior homeowners to borrow equity in their home, with no loan payback. If there is an existing mortgage, it will be paid off and you will get the remaining funds. This is a unique loan product, sponsored and insured by the US Government (created by HUD and insured by the FHA.) Reverse mortgages are a safe, viable means of achieving additional retirement income. Highlights of the reverse mortgage income opportunity are listed below.

Additional Retirement Income With Reverse Mortgages

Reverse Mortgage Retirement Income Benefits

• The money you receive is income-tax free¹
• No payments as long as you live in the home
• In most cases no credit or income requirements
• Reverse mortgages are supported by AARP
• Reverse mortgages are insured by the FHA
• You retain ownership of your home

Reverse Mortgages Retirement Income Requirements

• Borrowers must be Age 62 years or older
• Own their home and have enough equity in to qualify
• Occupy the home as primary residence
• Receive counseling by an approved HUD/FHA counselor
• The home must be in reasonably good repair

Reverse Mortgage Retirement Income Payment Options

• Lump sum disbursement
• Monthly payments
• Line of credit with growth rate
• A combination of the above

An Additional Retirement Income Source

A Reverse Mortgage provides safe, tax free retirement income, that DOES NOT HAVE MONTHLY PAYMENTS OR NEED TO BE REPAID in your lifetime as long as you live in the home. This retirement income program was specifically created to afford seniors more retirement income. Let's face it, if you did not plan effectively for your retirement income, then you definitely need additional retirement income stratagies. Additional retirement income sources are available, and the reverse mortgage is an option. It provides additional tax free income, without any repayment of the loan.

Please Contact Us to learn more. We can provide you with a licensed reverse mortgage consultant (RMC) who will send you all the information you need to make the right choice, regarding this additional retirement income source. You will also be required to seek counseling with a HUD/FHA approved counselor, so you will make sure to get all the facts. If you feel the reverse mortgage is for you, the RMC will send you a Reverse Mortgage Application and walk you through each phase of the process. Getting a reverse mortgage, AND solving your retirement income worries could not be easier.

¹ Consult a Tax Professional

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