Homes values are at all-time highs but have peaked and will slide down as we enter a recession in 2023. Rates have been at all-time lows but are now rising and the Feds have promised more rate hikes for the foreseeable future. These 2 powerful factors mean that homeowners are certain to receive much more money from a Reverse mortgage now rather than wait as home values drift downward and rates continue to move up. Those who wait will find that they could have locked in tens of thousands more if they had acted now. Rest assured, you will want and need that extra money for retirement as inflation will continue to make everything more expensive for many years to come.
Why Getting a Reverse Now will Save your retirement
The stock market is already down 25% or so with top economists projecting the markets have another drop of 15-25% still to come. It will likely be several years before a market recovery. Taking money out of market now “locks in your loss” and eliminates any chance of recovery (the worse move you could make). Given time, the market will recover, but you must leave all your money in the market in order to recover. Therefore, the smartest move is to “ride out the market” and wait for recovery before removing funds.
This means that you need to have an alternative source of retirement funds to access in the meantime. Ideally, we would like those alternative funds to be low cost and tax free. Fortunately, that is exactly what our Reverse mortgage delivers.
A Reverse mortgage will help you several ways: it will improve your cash flow by eliminating your current monthly mortgage payment and can create a new source of tax-free money that will enable you to wait-out the stock market recovery (likely several years away). That is why a Reverse mortgage is today’s best tool for a safe and secure retirement.
You have seen a huge surge in your home value, getting a Reverse now based on that high value and before rates go up further, will lock in the highest amount of money possible and prove to be your best retirement decision.
Things are changing fast – for the worse
Economists are saying a significant recession will hit us in 2023. We can expect home values to drop, continued drop in stock market and retirement accounts as well as higher mortgage rates and higher inflation. These fast-moving changes all threaten your retirement. I urge you to take action now to protect, secure and safeguard your retirement while the timing is perfect. You will certainly be glad you did.
Call me at 949 440 2002 to review your personal circumstances and to see what a positive impact this will create for your retirement and to get all of your questions answered. Act now to improve and safeguard your retirement today and well into the future.
Sincerely,
Bryon Pyle
About the author
Since graduating with a business degree in Finance in 1981, Bryon Pyle has been involved in mortgage lending and has focused on helping individuals improve their cash flow and obtain homeownership. From helping thousands and thousands of clients, Bryon has been able to see how the bedrock of America handles their finances. Alarmingly, most Americans do themselves a tremendous disservice by making a series of poor choices. Most Americans arrive at retirement age with a severely underfunded retirement plan. Many pay too much in income taxes on their retirement savings due to poor planning. Too few know or understand how to maximize what they have to help provide the highest amount of access to cash/cash flow while minimizing their taxes and other outflows. Our goal at Crossmark Financial is to provide safe, legal and well thought-out solutions and support that improves cash flow and provides greater access to cash in the safest manner possible. We have written extensively along these topics and encourage clients and financial advisors alike to obtain and read our reports in the hopes that together we can help clients’ improve their financial retirement well-being.
