10 Things You Should Know About Reverse Mortgages

And, how to save on pet insurance. Created for {EMAIL} | [Web Version]( June 26, 2024 CONNECT WITH KIPLINGER  [LinkedIn]( [Facebook]( [X]( [Instagram ]( [Youtube]( [SIGN UP]( ⋅ [WEBSITE]( [] INTRODUCTION [] [Stepping Into Reverse Mortgages]( I have a better opinion of reverse mortgages than many and that gives me cause to pause — what do they know that I don’t? But one of the best ways to understand something is to see the problems with it. Then you can decide if those issues are a big deal to you or not. It’s important to learn about the fees and how the terms of these loans work in case you change your mind and want to move. Kiplinger contributor Davis Rodeck has [10 things you should know about reverse mortgages]( before you sign on the dotted line. - Donna LeValley, personal finance writer [This Billion Dollar Startup Wants to Help You Retire]( This Princeton grad's startup raised $161 million to help people plan for retirement. If you're one of the whopping 110 million Americans over the age of 50, or wisely planning ahead, SmartAsset's no-cost tool can help match you with up to 3 vetted financial advisors. [Learn more]( ADVERTISEMENT [] LIQUID INVESTMENTS [] [3 Smart Ways to Store Cash This Year]( [3 Smart Ways to Store Cash This Year]( (Getty Images) You should always keep a portion of your assets liquid, but that doesn’t mean you still can’t earn a return on your cash reserves. This often-overlooked cash-management opportunity could help you collect substantial income with mild price risk and maintain your liquidity. Here are [three productive ways to distribute your cash savings in interest-earning investments](. [] REAL ESTATE [] [Zombie Mortgages Come Back to Haunt Property Owners]( [Zombie Mortgages Come Back to Haunt Property Owners]( (Getty Images) It would be very stressful to lack the funds to pay your second mortgage; even scarier is when you can afford your payments and your lender of record disappears. That is one of the sources of a new wave of foreclosure notices from zombie mortgages that were abandoned by lenders and reawakened by debt buyers who acquired the debt and the right to collect it. Attorney Dennis Beaver explains [how zombie mortgages work and what to do if you are ghosted by a lender](. [How to Reinvest in Real Estate Without Getting Taxed]( Investors and their heirs can benefit from this tax-friendly strategy. When investors sell the property for a profit, they can be hit with a hefty capital gains tax— unless they take advantage of a 1031 Exchange. 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[LEARN MORE]( ADVERTISEMENT [] OTHER KIPLINGER ARTICLES WE THINK YOU'LL ENJOY [] [How to save on pet insurance]( Pet insurance can help offset emergency veterinary bills and sometimes even cover routine care. [ETFs are hot, but are they the right investment for you?]( ETFs are growing in popularity and offer some convenient advantages, like lower fees and greater tax efficiency. [How fintech is impacting money management in 2024]( Fintech makes financial services faster, more accessible and easier to understand. [Prosper with the Latest Insights from Practicing Financial Pros in Kiplinger's Building Wealth E-Newsletter — Free]( ABOUT KIPLINGER When we write about money, we get it right. So the decisions you make with your dollars are also right. 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