Reverse mortgage a bad way to fund delaying Social Security benefits
When advising clients who seek to maximize their Social Security benefits, most advisors will explain that delaying those benefits and earning delayed retirement credits, even up to age 70, is the best way to get the most you can get. But, if you need to find an alternative source of income in order to delay applying for Social Security, one way not to consider is a reverse mortgage. Except in some rare circumstances, the costs of a reverse mortgage will far outpace any additional income you gain by delaying your Social Security benefits, as this AccountingWeb.com article by Terry Sheridan explains. Click here to read more.