Are your retirement dreams filled with plans for travel, hobbies and maybe even volunteer work? Is it important for you to leave a financial legacy to your grandchildren? With careful financial planning, you can achieve a safe, secure retirement.
Find a Professional Partner
The first thing you do when going to a new city is get directions for the best route there. You should do the same when you prepare to reach your retirement financial destination. With so many considerations, from pensions to Social Security to IRS laws, you can end up lost. Instead, choose an experienced, reputable retirement specialist to help you navigate towards financial independence.
Identify Your Goals
While you may have general ideas about how you want to retire, only by focusing on specifics will you get there. The financial planning process can help you evaluate areas to live with favorable tax laws, how to plan for potential extended care needs and how maximize your income sources. Learn the facts about coordinating investment accounts and alternative funding sources like home equity conversion mortgages (HECM),
Secure retirements are not accidental. Hard work alone is not enough to make sure you have the assets you need when you stop working. Visit this website to find out more about financial planning in Campbell.
A home equity conversion mortgage (HECM), also referred to as a reverse mortgage, allows retirees to stay in their homes and still access its equity. This can be a great option for people who plan to stay in their current houses. Sometimes, however, those current homes are just not practical. If you need to move but don’t want a new house payment, there is an option for you. An HECM plan for purchase lets you buy a new house but not take on new monthly costs.
Guide to Reverse Mortgage Blog 