A Looming Retirement Crisis That Could Include You!
10,000 people are turning 65 every day1 in this country as thousands of baby boomers become older Americans, making this one of the most dramatic social and demographic shifts in history. These new retirees can also expect an average lifespan that’s 10 years longer2 than the same person in 1955 – from 66 to 77 years old today!
All this sounds like good news but retirement back in the 60s looked nothing like it does today.
Income sources, lifestyle choices, medical and other costs, have changed to suit our modern world, and this has created a massive financial burden for thousands of older Americans. A financial shortfall crisis is looming for more than 60% of Americans nearing retirement3.
Savings, pension (or 401K plans), and Social Security are the traditional income sources for retirement, but the reality is that most of us don’t have enough in any of these plans to provide the security and longevity required. The unknown fact is that home equity accounts for more than half of lower-income and minority homeowners’ total assets4 - an untapped source of cash flow that needs to be considered to help fund longer, more expensive retirements.
On top of the looming shortfall in retirement funds, most retirees report that financial security is their number one concern when considering their golden years, yet little understand the comfort and ease-of-mind their home’s equity can provide. The easiest way to access the home’s equity and get additional cash to fund retirement is through the use of a loan specifically designed to assist seniors in this situation. It’s a loan that doesn’t require monthly mortgage payments3 for retirees who don’t have regular salaries anymore. It’s a loan that allows you to stay in your home as long as wish – borrowers just need to keep paying their property taxes and insurance, maintain the property as usual, and otherwise comply with loan terms (and borrower must occupy home as primary residence). A government insured reverse mortgage is perfectly suited to meet these retiree’s growing needs. It’s a way to use their substantial home equity in a way that can eliminate existing monthly mortgage payments, pay for credit card and other costs, and importantly, defer the reverse mortgage loan repayment to when they eventually leave the home (or fail to comply with the loan terms.)
If you want to stay in the home you love and give yourself some financial breathing room for emergencies, other debt such as credit cards or medical costs, or even update the home, this loan is perfect for you.
If you want to stay in the home you love and give yourself some financial breathing room for emergencies, other obligations such as credit cards or medical costs, or even update the home, this loan is perfect for you. Call AAG today and find out if you qualify for a reverse mortgage loan.
If you’re a homeowner age 62 or older, you owe it to yourself to learn more. Today, there are many strategies for using housing wealth for retirement. You may be pleasantly surprised by what you discover when you realize all of the financial options now available for retirees. This valuable information is free so you might as well check it out.
Click here to find out how much cash you may qualify for as well as receive a FREE reverse mortgage information kit presented by Tom Selleck with absolutely no obligation. A reverse mortgage with AAG could be the perfect solution for you and let you live the retirement you deserve – worry free and more financially secure!