As the market began to slide three years ago, my wife we began to sense that we were losing our options. As people lose the value they always believed they had in their homes, their options in the incredible to qualify for loans begin to freeze up too. The worst part for us was, individuals were in real estate business, and we got our incomes in order to seriously drop. We never imagined we’d have collection agencies calling, but call, they did. In the end, we had to pick one of two options – we could apply for bankruptcy, or there was to find a means to ditch all the retirement income planning we have ever done, and tap our retirement funds in some planned way.
As get guess, the latter is what we picked.
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