Do Reverse Mortgages Affect Social Security?

According to the Social Security Administration, 97% of Americans aged 60 to 89 either receive Social Security benefits or plan to1. And for good reason—Social Security provides a foundation of retirement protection for Americans of all earning levels. But what does a reverse mortgage mean for your Social Security benefits?

 

1https://www.cbpp.org/research/social-security/policy-basics-top-ten-facts-about-social-security#:~:text=In%20fact%2C%2097%20percent%20of,Security%20brings%20many%20important%20advantages.

 

* Consult a financial advisor and appropriate government agencies for any effect on taxes or government benefits.
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