Since the federal agency considers reverse mortgage payments to be loan proceeds and not income, they simply aren’t taxable. And that’s true no matter what: if you get a line of credit, a monthly advance or even a lump sum.
Even more, you could opt for all three and you won’t have to worry about taxes.
The benefits of paying taxes with your credit card If you charge your taxes to a
Buy the U.S. government inflation-adjusted annuity – By delaying Social Security benefits for four years, you can
Idaho – Idaho comes in second when it comes to a low government-debt ratio in America, but
Richmond, Texas Richmond has the highest cost-of-living index in the study. Its livability score of 82
Meat – For those who are meat lovers, if you want to go organic it’s going to
Grand Forks, North Dakota – Grand Forks in North Dakota has its fair share of blizzards.
