Need $15,000.00 should I take out of my investments (about 150,000) or consider a reverse mortgage?
Terry Says: Sorry, but it’s impossible to answer that question without knowing more details about your situation. If you want to post again, I will agree not to share it if you request. But really, those are tough choices. There’s no reason to take out a reverse mortgage and pay all the fees and interest for the relatively small amount of $15,000. But I don’t know your age and situation, and whether the money is coming out of an IRA or elsewhere that would cause a tax bite. It’s difficult to advise.