Sentences with phrase «mortgage during those retirement years»

After all, you don't want to leave your spouse to fend for him / herself with a new mortgage during those retirement years.

Not exact matches

Seniors who have accumulated equity in their home during their income earning years and have no particular concern about leaving the house in their estate are most likely to use a reverse mortgage to fund their retirement living.

A reverse mortgage can be a useful financial tool as unexpected expenses pop up during your retirement years.

Fortunately, you can enjoy a comfortable retirement on far less money than you needed during your peak earning years, when you likely carried a hefty mortgage and bore the costs of raising children.

A reverse mortgage can be a life changer for seniors in need of additional income during their retirement years, but that doesn't necessarily mean it's the right choice for you.

A reverse mortgage can be a tremendous help to seniors looking for additional income during their retirement years.

So I'm basically being forced to turn down the opportunity to make an awesome wage (the garlic - we'll only ever live off his income so if I have a bad farm year no big deal - just save during the good years, and his will be enough to cover the requisite monthly expenses mine would be retirement, health insurance (his work ins was $ 1,800 per month so we couldn't do it), kids» college, paying off that mortgage asap so we could be truly debt free (aside from the PLSF, but that will be gone eventually too, or if I get enough from a great harvest pay it off then), etc..

1) Start saving early by setting realistic goals 2) Ensure the asset allocation in your portfolio remains in sync with your level of risk aversion and overall investment objectives 3) Keep costs and taxes to a minimum by avoiding most high turnover actively managed mutual funds and opting for tax - deferred savings whenever possible (not only do their investments grow tax - sheltered but for most people their MTR at retirement would be lower than it is during their working years) 4) Balance your portfolio at least annually (some individuals may choose to do so semi-annually) 5) Hammer away at your debt first — for example, when it comes to contributing to an RRSP or TFSA vs. paying down your mortgage, ideally you should do both.

If a reverse mortgage meets your needs and lifestyle objectives, it could be one way to increase your monthly income during your retirement years.

Due to these high - stress economic times, we have seen a rising trend of more people continuing to make payments on their mortgages during their «retirement years.»

A Home Equity Conversion Mortgage (HECM) can be a useful financial tool as unexpected expenses pop up during retirement years.

A reverse mortgage can be a useful financial tool as unexpected expenses pop up during your retirement years.

The advantage of reverse mortgages is that they are highly regulated by the U.S. Department of Housing and Urban Development (HUD) and insured by the Federal Housing Administration (FHA) to ensure all borrowers are protected during their retirement years.

get the experience clock started before going full time or getting your broker's license • Create a referral side - business for more income • Switching careers or concentrating on a new business • Realtor fees too expensive • Create savings for holidays and vacations • Get paid for referrals anywhere even if you have moved to another state • Increase retirement income • Finally start or increase saving for retirement • Increase your yearly income • Switch from full - time sales • Stay up to date in the industry • Put your Realtor sales career on temporary hold • Save for a new car or auto expenses • Start saving for your kids college fund • Make additional money to pay taxes • Pay off debt • Make an additional mortgage payment (s) per year • Take your many yearly «business» tax deductions by having an active professional license & business (especially helpful during the holidays)