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Turn a Reverse Mortgage Into an Income-Investing Portfolio: Financial Freedom, #138
By Joshua King
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About this ebook
As we age, our primary residences become an emotional blind spot; we would love to stay in our homes forever.
However, two things are true: we need a place to stay plus income. Therefore, we must make tough calls if we need to generate more revenue.
A reverse mortgage may allow you to stay in your home, create cash flow, and preserve generational wealth.
If you convert your lump sum into an income-investing portfolio, you will have more options than you can imagine.
The most challenging part is understanding how to invest for income and trusting the process. Good Luck!
LanguageEnglish
PublisherJoshua King
Release dateApr 11, 2023
ISBN9798215080290
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Turn a Reverse Mortgage Into an Income-Investing Portfolio - Joshua King
Table of Contents
MILITARY FAMILY INVESTING | Joshua King | Home of the Free PDF
Turn a Reverse Mortgage
All Right Reserved Military Family Investing | 01 Turn a Reverse Mortgage into an Income-Investing Portfolio
02 Make Your Primary Residence Your Retirement Plan
03 The 4% Rule vs. Dividends
04 The True Costs of Owning a Home
05 Home Maintenance Budget vs. Emergency Fund
06 Social Security vs. Income Investing
07 Living on $3,000/month in San Diego
08 Income Investing vs. Inflation
09 Income to the Moon
10 Retiring to a Small City and Living on a Passive Income
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MILITARY FAMILY INVESTING
Joshua King
Home of the Free PDF
www.militaryfamilyinvesting.com
Turn a Reverse Mortgage
Into an Income-Investing Portfolio
01 Turn a Reverse Mortgage into an Income-Investing Portfolio
02 Make Your Primary Residence Your Retirement Plan
03 The 4% Rule vs. Dividends
04 The True Costs of Owning a Home
05 Home Maintenance Budget vs. Emergency Fund
06 Social Security vs. Income Investing
07 Living on $3,000/month in San Diego
08 Income Investing vs. Inflation
09 Income to the Moon
10 Retiring to a Small City and Living on a Passive Income
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Disclosure: I am not a financial advisor or money manager, and any knowledge is given as guidance and not direct actionable investment advice. I am an Amazon Affiliate. Please research any investment vehicles that are being considered. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article.
All Right Reserved Military Family Investing
01 Turn a Reverse Mortgage into an Income-Investing Portfolio
At some point, our parents may need to use their primary residence as a retirement plan. We, as their kids, need to remove the emotion from these decisions.
Each generation's retirement years are getting longer, so it could be tough to generate income for 30 to 40 years. This is especially true if they liquid their 401Ks using the 4%.
I’m here to throw out options to spark critical thinking. If you are sentimental about the home you grew up in, this may be a tough article to read.
When Life Gives You Lemons... Make Passive Income Lemonade
What is a reverse mortgage? With a reverse mortgage, the bank gives cash to a homeowner in exchange for the deed upon their death.
If they want to keep the house, the heirs have a small window to pay the loan in full before the bank takes ownership of the home.
Benefits of a reverse mortgage. A reverse mortgage allows homeowners to stay in their homes until death. However, the house cannot fall into disrepair, or the bank can call in the loan.
The homeowners do not have to pay into the loan but must pay property taxes, insurance, and maintenance upkeep expenses.
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Here is an excellent article from Kilpingers and one on the Federal Reverse Mortgage limits. Reverse mortgages have been a sore topic for years, so I encourage you to conduct serious due diligence on this product.
Reverse mortgage for income. Ideally, you and your parents would execute a reverse mortgage to generate revenue.
This decision comes down to
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