Once you know the risks, a reverse mortgage may be a viable option to supplement your income and decrease the risk of running out of money during retirement
Need More Money to Retire? Consider a Reverse Mortgage
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12 Things to Consider When Choosing a New Locale to Retire
Will moving allow you to stretch your retirement dollar? Either a move within the United States or abroad?
How Much Money Do You Need to Retire Comfortably?
Calculate how much you need to save annually for retirement using either the annuity method, Monte Carlo analysis, and withdrawal rate assumptions
This information has been provided for educational purposes only and should not be considered financial advice. Any opinions expressed are my own and may not be appropriate in all cases. All efforts have been made to provide accurate information; however, mistakes happen, and laws change; information may not be accurate at the time you read this. Links are included for reference but should not be considered an implied endorsement of these organizations or their products. Please seek out a licensed professional for current advice specific to your situation.
Liz Baker, PhD
I’m an authority on investing, retirement, and taxes. I love research and applying it to real-world problems. Together, let’s find our paths to financial freedom.
