Terrific article that takes into account Social Security and waiting to maximize your benefits as a cost effective form of longevity insurance. Given people are living much longer than expected, this is an innovative approach aimed at maximizing benefits that should grab the public’s attention. A HECM Reverse Mortgage can help those with mortgages and debts with decreased payments and more available funds for living expenses, and in some cases additional supplementary income, to help achieve this strategy. As noted in the article, it is the clearly the cheapest form of a true guarantee available.
For the full cnbc article - click here.
George H. Omilan
President-CEO - NMLS# 873983
Jefferson Mortgage Group LLC
Helping seniors with Reverse Mortgages in Virginia, Maryland, DC and Pennsylvania.
Questions/Comments encouraged.