2728: Does Your Retirement Need a Plan B? by Kathleen Coxwell of New Retirement on Reverse Mortgage

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 2728: Explore how to safeguard your retirement against uncertainties with Kathleen Coxwell’s insights on NewRetirement.com. Discover why a robust Plan B, possibly your own home equity, could be the key to a worry-free retirement. Learn from financial experts about effective fallback strategies, including reverse mortgages, to ensure financial stability no matter what life throws your way. Read along with the original article(s) here: https://www.newretirement.com/retirement/does-your-retirement-need-a-plan-b/ Quotes to ponder: "A good retirement plan involves sufficient savings, strategies for spending, drawing from IRAs, taxation and health care. But there also needs to be a contingency plan, just in case the initial plan you set forth goes awry." "Having a Plan B is all about securing an income stream to sustain you in retirement. And while payments through Social Security, pensions or products like annuities can offer guaranteed protection, so can tapping home equity." "It’s a good thing to have that reverse mortgage line of credit open. It’s there if you need it, and it makes a lot of sense to have that credit line open for emergencies as a Plan B that’s waiting in the wings." Learn more about your ad choices. Visit megaphone.fm/adchoices

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Optimal Finance Daily, hosted by Diania Merriam, the innovative mind behind the personal finance conference EconoMe, takes you on an enlightening journey through the world of personal finance. Each episode brings to life the most compelling and practical advice from leading financial bloggers and experts. Diania’s engaging narration and insightful commentary transform complex financial concepts into relatable, actionable insights. Whether it’s budgeting, investing, debt management, or money mindfulness, she covers it all, making financial wisdom accessible to everyone. Gain not just knowledge, but also the motivation to apply it in your daily life. It's not just a source of personal finance tips; it’s a daily companion that guides you towards financial independence and savvy money management, all delivered with Diania's trademark enthusiasm and expertise. By focusing on early retirement, financial independence, and saving money, each episode provides you with the tools needed to achieve your financial goals. This podcast is designed for those passionate about personal finance, early retirement, financial independence, and saving money. It’s your go-to source for practical advice on managing your finances, saving money, and working towards early retirement. Each episode offers actionable steps to foster financial independence and secure your financial future. Listen now, and become an OLD friend--your optimal life awaits...