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re: Thinking of a Reverse Mortgage

Posted on 10/11/23 at 5:58 pm to
Posted by slackster
Houston
Member since Mar 2009
85485 posts
Posted on 10/11/23 at 5:58 pm to
quote:

Just thinking of trying to generate an extra 1k a month for enjoying our retirement a little more.


If you’re already short $1,000/month on your retirement income at 63, you’re going to be in for a world of hurt.

You’ve got a problem with your plan, and the reverse mortgage will do nothing to actually solve it.
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