Yes, stocks are down quite a bit this year and it seems that they will stay down for quite some time. However, the damage is already done, so your best bet is to remain in the market and wait for it to come back. Taking any money out now is expensive (because it is worth 25%-30% or so less than it was just 6 months ago) and ‘locks in your loss’.
But what do you do when you depend upon receiving a distribution from these funds to support yourself during retirement?
Rather than cashing out of the market at todays’ much lower values, many folks are taking full advantage of their huge increase in home values over the last couple of years and using our Reverse Mortgage as a perfect tool to supplement their retirement income and to avoid liquidating any stocks or other investments.
Why and what is the benefit?
It is simple, by staying in the market, they know their funds will recover the recent 25-30% loss in time. The Reverse mortgage is simply a much cheaper source of retirement funds than selling your investments at a steep discount. Additionally, the proceeds from the Reverse are tax-free, so it spends much further than your taxable investments. The Reverse does two important things for you: it eliminates your monthly mortgage payment, thus decreasing your monthly expenses so you can get by on less and may provide a distribution of cash which is tax-free. It is the perfect solution to decrease your monthly expenses and to avoid taking a distribution from your retirement account while the value is so depressed. It also is the perfect play to take advantage of the huge increase in home value before home values head the other way.
With inflation at 40 year highs and no end in sight, everything will get more expensive. Act now to protect your retirement. Call for our Free Report on How to Improve Your Retirement that will walk you through the details and explain why it is your best financial move you can make right now.
Bryon Pyle: 949 440 2002
