The Role of Your Home in Retirement
- Introduction
- Price Trade-Down in Your Residence
- Retirement Income from Your Home
- Reverse Mortgage
- Sale and Leaseback of Your Home
Retirement Income from Your Home
Many people have paid off their home mortgages before retirement. Your home can be a source of retirement income, but these techniques must be approached with caution. There are two ways your home can help you generate income in retirement:
IMPORTANT NOTE: Both of these techniques are typically used when people can't make ends meet with their other retirement funds.
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To help the government fight the funding of Terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify and record information that identifies each person who opens an account.
What this means to you: When you open an account, we will ask you for your name, address, date of birth and other information that will allow us to identify you. We may also ask to see your driver's license or other identifying documents.
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- ARE NOT FDIC-INSURED
- ARE NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY
- ARE NOT GUARANTEED BY THE BANK
- MAY GO DOWN IN VALUE
Important information about procedures for opening a new account
To help the government fight the funding of Terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify and record information that identifies each person who opens an account.
What this means to you: When you open an account, we will ask you for your name, address, date of birth and other information that will allow us to identify you. We may also ask to see your driver's license or other identifying documents.
Investment products are offered through Osaic Institutions, Inc., Member FINRA/SIPC. Insurance products offered through Osaic Institutions, Inc.