Reverse mortgages are often a last-resort source of income. The decision to take this type of mortgage out may seem like an easy way out of a financial bind, but there are many financial pros and cons to be aware of to help you decide if this would make sense for you.
Creative Retirement Planning For The Charitably Inclined (Part 1)
As you plan for your retirement your primary focus is on building assets to provide a source of income for your retirement years. The goal is to accumulate wealth, either on a taxable or tax deferred basis, that will generate sufficient earnings and growth combined with mandatory distributions from tax qualified plans and social security benefits to support your lifestyle in the years you are not working.