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Reverse Mortgage- why do one?
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blackfarmer2
Posted 2/25/2021 16:36 (#8857804 - in reply to #8857691)
Subject: RE: Reverse Mortgage- why do one?


Boone & Crockett - 2/25/2021 16:15

In reply to NDCat above,If that were the scenario, skip all the fees applicable to reverse mortgages and sell the house and purchase a life only annuity as I explained above, will provide significantly higher monthly cash flow, and virtually inexhaustible. Cannot outlive the income. Mostly tax free too due to the favorable exclusion ratios. Turn around and use the income to rent a nice place in Florida. When your gone, they’ll both be over too.
lol
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