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Seniors turn to reverse mortgages as a cash lifeline during the coronavirus crisis

May 13, 2020

With coronavirus shutdowns wreaking havoc on the global economy, investment portfolios are also getting battered. The S&P 500 is down more than 10% since the start of the year. 

While that’s unpleasant for most investors, it’s especially devastating for retirees who count on their investments for income. And when those declines come at the beginning of retirement, they can permanently lock in a lower nest egg, known as sequence of return risk.

This CNBC article discusses why it's not a good idea to make portfolio withdrawals during a market decline and how a reverse mortgage can provide Seniors with access to cash.

https://www.cnbc.com/2020/05/11/seniors-turn-to-reverse-mortgages-as-a-lifeline-during-the-coronavirus.html?__source=iosappshare%7Ccom.apple.UIKit.activity.Mail

 

 

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iReverse Home Loans Corporation
We’re all flooded with stories, articles and 24x7 news so much that it’s becoming harder to quickly find relevant and well thought out content. So, I hope my Blog will accomplish that, and provide only high value reading and insight around the topic of reverse mortgages. Ultimately, it’s up to you to educate yourself on the topic and determine if a reverse mortgage is a good strategy for your financial retirement. Please enjoy the articles and I hope you learned something during your visit here. Cheers!
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