America’s retirement accounts have reportedly lost over $2 trillion in the past 15 months, or 20% of their values. Many Americans are having to put off retirement, work longer hours, and/or put off major purchases because of the recent turmoil in the markets.

From the Examiner.com, 10.7.08

WASHINGTON (Map, News) - Americans’ retirement plans have lost as much as $2 trillion in the past 15 months, Congress’ top budget analyst estimated Tuesday.

…”Unlike Wall Street executives, America’s families don’t have a golden parachute to fall back on,” said Rep. George Miller, D-Calif., the panel chairman. “It’s clear that their retirement security may be one of the greatest casualties of this financial crisis.”

Wall Street executives are seemingly benefitting from the current crisis at the expense of the average American. However, many people entering retirement or nearing retirement are overlooking or simply don’t know about the potential that reverse mortgages have to offer financial security—a reverse mortgage can be their “golden parachute” providing retirement income regardless of how their retirement accounts are faring in the current economic downturn.

The stock market downturn and credit woes don’t have to limit your retirement planning. Click here to contact a reverse mortgage professional today for a no-obligation consultation and learn how a reverse mortgage can be your retirement safety net. Or call toll free: 1 (888) 371-4943.

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