You had it all planned out, just when you were going to retire and how much money you were going to have to do it with. Now with everything and everyone losing money instead of making money you are worried that you may not have enough money to live on at all. Look into getting an FHA reverse mortgage.
If you have owned your home for the last 30 years or so and have built up quite a bit of equity and are at least 62 years old you can qualify for an FHA reverse mortgage. Using the equity in your home can help with anything you need it for. The possibilities are endless, medical expenses, investing, vacations, fixing the old place up or anything else you can think of.
