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Real Estate: Tom Kelly
The Real Estate Adviser |
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February 19, 2009
The Real Estate Adviser: Exploring financial options for seniors
By Tom Kelly
Special to the Journal
Special to the Journal
More and more senior citizens are seeking ways to make their leisure years more comfortable — or simply to make ends meet. Many are looking to liquidate or tap at least a portion of an asset that historically has gone untouched.
For example, two seniors asked recently if it were preferable to take a life settlement on their life insurance policy or to pursue a reverse mortgage. The answer depends on a variety of individual preferences, plus a person's age, health, policy value, estate needs, home value and future housing needs.
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Previous columns:
- The Real Estate Adviser: Stimulus has little help for homeless, 02-12-2009
- The Real Estate Adviser: Where are the country's low risk home markets?, 02-05-2009
- The Real Estate Adviser: Is this the year the kids buy you out?, 01-29-2009
- The Real Estate Adviser: One man's solution to foreclosure mess, 01-22-2009
- The Real Estate Adviser: Foreclosed homes threaten neighbors, 01-15-2009
- The Real Estate Adviser: A new house still needs maintenance, 01-08-2009
- Real Estate Adviser: Seller financing is 'in' for 2009 home sales, 01-02-2009
- The Real Estate Adviser: Big story of '08: The mighty have fallen, 12-26-2008