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Reverse Mortgage Alternatives

MoneyWise

Christian talk radio with Rob West

September 20, 2018

Are you a house-rich and cash-poor senior citizen?If so, youve no doubt thought about getting a reverse mortgage to help make ends meet. But you also have to consider if the cure is worse than the ailment. You cant watch daytime TV without seeing a commercial for reverse mortgages. The pitch sounds good, but is it?Today, Rob West and Steve Moore discuss some alternatives to reverse mortgages Next, they answer your questions at (800) 525-7000 and [email protected] about the following: - Im almost 54 and Im wondering if I need life insurance. -I want to look for Christian-based mutual funds. Where can I go to find moral funds? -My husband passed away suddenly and unexpectedly. I havent done anything with his 401(k). What should I do with it? -Im a retired schoolteacher. Im living off of my pension and Social Security. Ive been advised to roll my 403(b) into a guaranteed monthly income for life. Is that a wise move? Be sure to check out our new website at moneywise.org to connect with a MoneyWise Coach or access our books, videos, or any of our free helpful resources.You can also find us on Facebook. Thanks for your prayerful and financial support that helps keep MoneyWise on the air. And if you'd like to help, just go to the website and click the Donate tab at the top of the page.

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