Reverse Mortgage Scheme has been in presence for 8-9 years. In western countries, this product runs with huge success and is a preferred option for retirees. But in India, the same reverse mortgage had to yet take off. Not many are opting for it even though the goodies were rolled out in the second phase.
A desirable regular income which can meet our living cost comfortably is what we all wish to have when we retire.To achieve this objective we have to prepare well ahead.We need to allocate savings for retirement early in life and follow a wise asset allocation approach. However, the biggest worry comes when you have to generate income […]
Reverse Mortgage has been an excellent tool for retirement years in countries like US. Elderly citizens are able to receive regular cash flows from mortgaging their property while continued residing in it. This continues for lifetime of couple which helps them in meeting their post retirement expenses comfortably. In India reverse mortgage was introduced in […]
Very often I meet personnel who are on the verge of retirement. During discussion I receive high number of queries regarding a good annuity product which can give them the fixed income for the life term. After doing lot of research I find it difficult to advise them because the investment required in any annuity […]