One of the big misconceptions about a reverse mortgage Loan is that it should be used in lieu of a retirement plan or if a previous plan fell through because of one reason or another. This is not true.This is one of the reasons why the reverse mortgage loan earned a reputation for being a “loan of last resort” or only use in case of emergencies.The reverse mortgage is a loan, which means you have to pay it back, but only if you pass away, are unable to live in your primary residence for a period longer than 12 consecutive months, do not keep up with your financial obligations or fail to comply with any other loan termsAt a time when most seniors are hoping to age in place, maybe with the help of a part time job, it’s important to consider that a reverse mortgage loan may also be a valuable sound investment for the future…even if…you have a retirement plan already in place.What if you stocks aren’t selling for as high as they should? What if your investments are paying as much as they should? What if you claimed Social Security too early? What if you are laid off or part time isn’t paying as much?While any financial decisions should be thought out, researched and analyzed before taking the plunge, it’s important to know that the reverse mortgage loan can, and is, a complement to many existing retirement plans. This what makes the reverse mortgage loan stand out among other products. It’s flexible enough to adjust to many situations but sturdy enough to fully fund retirement or keep in reverse for the proverbial “rainy day.”The reverse mortgage loan is no longer what it used to be. It’s become safer for consumers and FHA. Hopefully, that reputation catches on as well.Interested in a reverse mortgage or simply want more information? Give PS Financial Services a call at  (888) 845-6630 or via email at info@PSReverseMortgage.com. We don’t pressure those who inquire. We are simply here to help.– See more at: http://activerain.com/blogsview/4315767/-in-lieu-of-a-retirement-plan-get-a-reverse-mortgage-#sthash.mRXetyRh.dpuf