Aug 18, 2020
As you transition into retirement, you’re likely looking to understand how to reduce mortgage debt and downsize without burning through your savings. There are lots of ways to do it, and lots of important questions to ask along the way.
This is more true right now than ever before. With housing markets as hot as they are, it’s become very easy to downsize and end up spending more each month.
It’s critical that you do your homework, meet with your advisor and CPA, and determine exactly which tools are best suited to your situation. Today, we walk through some of the most common downsizing tools and strategies, with a focus on the HECM loan (also known as the reverse mortgage). You’ll discover how these loans work, why they aren’t a one-size-fits-all solution, and how they can provide you, under the right circumstances, with a sustainable source of money in retirement.
In this podcast interview, you’ll learn:
To get access to today's show notes, including links to all the resources mentioned, visit TheRetirementTrainer.com/28
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