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Another way to use your home for retirement is a sale and leaseback arrangement. Under this arrangement, you sell your home and transfer title to the buyer. You continue to live in the home and pay a monthly rental to the new owner. This enables you to get cash out of your home and still live in your home.
IMPORTANT NOTE: Both a sale/leaseback and reverse mortgage should be approached with caution. Consult with a trusted independent professional, such as your accountant or attorney, before undertaking these techniques. Neither of these options should be your first choice in funding retirement.
IMPORTANT NOTE: Since title to your home transfers under a sale/leaseback arrangement, all future appreciation of the home belongs to the new owner.
Securities and Investment Advisory Services are offered through LPL Financial, a Registered Investment Advisor, member FINRA/SIPC. Insurance products are offered through LPL Financial or its licensed affiliates. Heartland Planning Associates is a trade name of Heartland Bank. Heartland Bank and Heartland Planning Associates are not a registered broker/dealers and are not affiliated with LPL Financial. The investment products sold through LPL Financial are not insured Heartland Bank deposits and are not FDIC insured. These products are not obligations of Heartland Bank and are not endorsed, recommended or guaranteed by Heartland Bank or any other government agency. The value of the investment may fluctuate, the return on the investment is not guaranteed, and loss of principal is possible. The LPL Financial representatives associated with this website may discuss and/or transact securities business only with residents of the following state: Ohio. Check the background of investment professionals associated with this site on FINRA's BrokerCheck.
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