I don’t know if I sound like a broken record or not anymore but I think it’s important that everyone knows the dire retirement planning state the nation finds itself in. In the latest of what seems to be never-ending bad news for current and future retirees, the United States of Aging has released a survey that determines communities are unprepared for aging retirees.According to an article published in Reverse Mortgage Daily, despite the fact that 71% of retirees believe their community is currently supportive, 29% believe their community is ill equipped to handle their future needs.The most surprising results, however, come from the 18-49 agre group, where almost half (45%) believe that communities are, in fact, not equipped to handle older Americans’ future needs.This survey has already made ripples through the retirement planning community when it determined that the biggest retiree concern was financial security, especially considering that options on their health seemed to be divided between “stay the same,” “improve” or “worsen.”The final nail on the coffin though is the fact that many seniors aren’t actively doing anything to manage existing conditions or maintaining good health, despite the fact that 18% suffer more than five or more chronic illnesses and more than half (65%) suffer from two or more.The numbers are there but the initiative isn’t.Current challenges to a comfortable retirement can potentially worsen as previous income sources dry out, the cost of living rises and health conditions worsen over time. Even for those whose health condition stays the same, if they are part of the 65% who suffer from chronic illness, it’s possible that medical expenses dry out their savings before they accumulate enough to pay for their medications. To save money on medical and dental care and even medications, many seniors are now traveling south of the border to Los Algodones just below Yuma, Arizona and to Mexicali for medical and dental care. In fact, the dental business has expanded so rapidly in Mexico, that this dentist in Los Algodones has three separate clinics and savings of 50% or more over US prices are common.A reverse mortgage is an available option for older Americans looking to retire debt free. While the reverse mortgage is a loan itself, it is a loan that does not have to be paid back during the lifetime of the borrower. The loan becomes payable if they fail to pay their homeowners insurance and property taxes, their home ceases to be their primary residence for 12 consecutive months or fail to maintain their home’s upkeep.Even if you believe your community will be able to support your needs in the future, a reverse mortgage can be used as a financial planning tool in the form of a line of credit, which allows the borrower control over when and how the funds are used. Reverse mortgages aren’t just for the financially desperate like they have been made to seem. They can also be a powerful retirement tool for Americans hoping to enjoy a comfortable, relaxing retirement.Interested in a reverse mortgage or simply want more information, give PS Financial Services a call at (888) 845-6630 or email us at info@PSReverseMortgage.com. We do not pressure those who inquire, we’re just here to help.Click here for more information about the elimination of the reverse mortgage program as we know it: