Reverse Mortgage Jan-Feb 2021

your risk tolerance, interest rates, taxes, estate planning and other investment opportunities—that you should fac- tor into this decision. Home Size: Don’t assume you will downsize your home in retirement. The study revealed that half of retir- ees didn’t downsize in their last move. In fact, three in ten upsized into a larger home. Moving to a smaller home can provide cash and reduce expenses, but you may find your current or even a larger home better fits your lifestyle and family needs in retirement. Long-Term Care: Prepare for long-term care, in case it is needed, by researching options that would enable you to receive care where you most prefer, whether you choose to move to supportive communities and housing or to stay in your own home. Home Modifications: If you face health challenges, modifications, like installing lower counters and tables, lever handles and bathroom safety features, and chang- ing your living situation to avoid the use of stairs, can make it easier to get around your home. Home care services and health monitoring and alert technologies can enable you to continue living independently as long as possible. By considering these items now, you’ll be better pre- pared to live your best life in retirement. For more information, contact Merrill Financial Advisor Brian Fields of the Camp Hill, PA, office at 717-975-4602 or bfiels3@ml.com . Merrill Lynch, Pierce, Fenner & Smith Incorporated (also referred to as “MLPF&S” or “Merrill”) makes available certain investment products sponsored, managed, distributed or provided by companies that are affiliates of Bank of America Corporation (“BofA Corp.”). MLPF&S is a registered broker-dealer, Member SIPC and a wholly owned subsidiary of BofA Corp. Investment Products: Are Not FDIC Insured Are not Bank Guaranteed May Lose Value Your reverse mortgage title and settlement experts! p erseverance • r esilience • c ommitment That’s Our Promise To You! How will 2021 stack up? No one knows, but check out our list of services to see how we stack up against the rest. We Offer: TitlePro247 PRC Fee Calculator Trust & POA Reviews Educational Forums 24-Month Tax History PRC Mobile App CRMP Credit Course Curative Work for Old Liens Fully Integrated with Bay Docs H4P in AZ, CA, NV & TX (800) 542-4113 PRClosings.com Money Sense REVERSE MORTGAGE / JANUARY-FEBRUARY 2021 7