In every human beings’ life there comes a time when they have to bid good bye to their family duties and settle for a retired stress free life. Even after retirement, senior citizens remain in constant trouble about their future as they wish to have income for a better after retirement life. In such a case, there are companies that have come up with several income to stay at home SC plans that guarantee steady monthly income to senior citizens or retired person through various means like reverse mortgage, which is one of the fastest growing retirement income sources SC. For those who are not aware of reverse mortgage or have no idea about how is it going to provide income to stay at home SC, it is a unique kind of tax free deferred interest loan (a kind of credit) which a senior citizen can avail by converting some of their owned hone’s equity into money which is completely tax free. The money availed using this retirement income sources SC can be used by elderly the way they want and they are not even obligated to make monthly payment for the same. However, if they wish they can make the monthly payment as the loan has to be repaid some time later as agreed by both the parties, thus making it an ideal way for elderly people to have money even after retirement.
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