13 reverse-mortgage misunderstandings that could cost you Although retirees can tap into their home equity through a reverse mortgage to create a steady income and improve their cash flow, they are advised to make a number of considerations before making a decision, according to this article on Motley Fool. For example, closing costs for reverse mortgages are higher than those for regular mortgages. Retirees who get a reverse mortgage will continue to pay maintenance, home insurance and property taxes.
Time to take stock profits? 4 steps to consider now Investors whose stock allocation has increased over the years because of the robust market should consider selling some of these investments, according to this article on Kiplinger. That's because the prolonged bull market conditions signify that market correction is very likely soon and could mean substantial losses. Selling stocks also creates an opportunity for clients to rebalance and diversify their portfolio, especially for those who are approaching retirement. However, clients should factor in the tax consequences of selling these investments before making any decision.
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