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The Hot Button We May Be Overlooking
Cash, debit, financial freedom. These are the historically typical motivations of reverse mortgage borrowers for the last twenty plus years. Retirees looking to retire monthly mortgage payments, increase cash flow or travel during their golden years while their health is good. The question is are we missing out on touching on a more important motivation for potential reverse mortgage borrowers? Health care costs. A recent study conducted by Merrill Lynch and Age Wave reveals that concerns over healthcare costs outrank the fear of outliving one’s money. More importantly financial security and healthcare costs are inescablably connected…
View Merrill Lynch Retirement Study here.
Download a transcript of this episode here.
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