The cost for medical treatment continues to rise, especially during retirement.
A 65-year-old couple retiring in 2017 can expect to need approximately $260,000 to cover health care costs in their nonworking years, according to Fidelity, a financial services company.
If you currently live in your own home and are at least 62 years old, a Reverse Mortgage provides an option to cover ongoing expenses, including medical fees.
A Reverse Mortgage allows you to convert some of the equity of your home into cash. Best of all, you do not need to repay the loan during your lifetime as long as you comply with all of the terms.