When you should not take out a reverse mortgage

In the last two segments, we have discussed reasons why Boomers & Seniors would consider taking out income from their retirement early, and if this was a good idea.

We have also brought attention to alternatives to taking an money from your retirement fund early, such as taking out a Reverse Mortgage on your home.

In this video we highlight a clear example of when you should not take out a reverse mortgage. We use data provided by the consumer finance protection bureau to show you a clear example when you should not take out a reverse mortgage.

Salem Article
http://boomerincomeideas.apps-1and1.com/reverse-mortgages-salem-witch-hunts-mccarthy-hearings-cfpb

Link to CFPB Report:
http://files.consumerfinance.gov/f/documents/201708_cfpb_costs-and-risks-of-using-reverse-mortgage-to-delay-collecting-ss.pdf

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