1714: House Rich and Cash Poor by Mike Ballew of EggStack on Housing Options in Retirement
Optimal Finance Daily - Financial Independence and Money Advice
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The Advantages of Reverse Mortgages
The primary disadvantage of a reverse mortgage is that you are essentially married to your home, as in until death do us part. Proceeds from a reverse mortgage are not taxed, and they have no on social security or medicare benefits. If you live longer than expected, or market, conditions change, the bank absorbs the loss. No debt is passed on to your heirs.
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