Don't make these critical mistakes with your nest egg, even if … - MarketWatch(Cash Plus Money Loan)
Recently, the Financial Industry Regulatory Authority warned investors to think twice before taking steps that might compromise their nest eggs, such as taking out a reverse mortgage, getting a 401(k) debit card, or cashing in life insurance policies to weather tough financial times. According to FINRA, life settlements can be a valuable source of liquidity if you would otherwise surrender your life insurance policy or allow it to lapse, or if your life insurance needs have changed. But you need to evaluate a number of factors, including your health, your spouse’s health, other sources of income, the reason you’re tapping your home equity, when to do it, and how wisely you use your loan proceeds - before deciding whether a reverse mortgage is right or not. In tough economic times, beware these critical nest-egg mistakes - MarketWatch Intraday data provided by Interactive Data Real Time Services , a division of Interactive Data Corp. Find Out More
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