2732: [Part 2] Running Low in Retirement - Income Strategies by Darrow Kirkpatrick of Can I Retire Yet
Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.\nEpisode 2732:\nDarrow Kirkpatrick\u2019s "Running Low in Retirement: Income Strategies - Part 2" explores the viability of reverse mortgages for retirees seeking to enhance their income. Kirkpatrick articulates the complexities and potential downsides of reverse mortgages, including substantial fees and the risk of losing one's home. However, for those "house poor" with substantial home equity but limited cash flow, this financial tool offers a critical income stream to maintain their lifestyle in retirement.\nRead along with the original article(s) here: https://www.caniretireyet.com/running-low-in-retirement-income-strategies/\nQuotes to ponder:\n"Reverse mortgages could be a lifesaver for retirees low on income, providing a stream of cash but at a high cost."\n"Government insurance protects you if the bank has problems, ensuring you'll never owe more than your home's value."\n"Used for long-term planning rather than emergencies, reverse mortgages are likely to become a major tool for many Americans."\nEpisode references:\nThe Mortgage Professor: https://www.mortgageretirementprofessor.com/homepage/\nNational Reverse Mortgage Lenders Association (NRMLA): https://www.nrmlaonline.org/\nLearn more about your ad choices. Visit megaphone.fm/adchoices