I'm a 63 year old widow with $1.1 million in my 401k and I just retired - should I consider a reverse mortgage?
Briefly

from 24/7 Wall St.1 month ago
For retirees like the 63-year-old widow considering a reverse mortgage, they must weigh the benefits of increased cash flow against the potential reduction in home equity and associated fees.
24/7 Wall St.https://247wallst.com/personal-finance/2024/12/10/im-a-63-year-old-widow-with-1-1-million-in-my-401k-and-i-just-retired-should-i-consider-a-reverse-mortgage/
With a substantial $1.1 million 401k, the retiree has various options to consider, such as gradual withdrawals to create a steady income stream, rather than defaulting to a reverse mortgage.
24/7 Wall St.https://247wallst.com/personal-finance/2024/12/10/im-a-63-year-old-widow-with-1-1-million-in-my-401k-and-i-just-retired-should-i-consider-a-reverse-mortgage/
Read at 24/7 Wall St.
#reverse-mortgages #retirement-planning #financial-advising #401k-withdrawal #cash-flow-management
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