Page 4 - Reverse_Mortgage_Loan_Retirement_Planner

Develop ing your

reverse mortgag e retirement plan

While planning to use reverse mortgage proceeds, con sider the following important factors that contribute to

your financial stabili ty during retirement.

How much money What income sources
will you need in and retirement assets
retirement to cover your do you have available
expenses? that can help fund your

retirement?

One question friends ask is would I do it myself and the answer is not only would I, I have. And I’m very very
pleased with the result. It has really made my life in retir ement a great pleasure. It enabled me to not worry.”

Barry Sacks, Real Estate Tax Attorney and Theoretical Physics Ph.D., MIT

Creating your goals Gathering and analyzing
information
Evaluate your retirement
goals. When do you want to Examine your current
retire? What do you want to retirement savings and
do when you retire? consider additional benefits
you expect to receive during
retirement like pensions,
Understanding traditional Social Security benefits,
IRA and Roth 401(k) etc. You can then analyze
investments and review your current
asset allocations, expected
These retirement accounts retirement income and
can be subject to taxation estimate how long your
and may increase your tax savings will last.
liability once you start taking
distributions.
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