Simple way to shrink debt: Pay down principal - 2005-03-13
The key to reducing debt is principal payments. The more you pay down the principal, the quicker the loan will be paid off.

Note that I did not mention simple interest. Boosting the number of payments you make on the same loan has virtually no impact on your debt, whatever the biweekly-mortgage zealots out there claim.
Read the full story at Seattle Times

Reverse mortgage is an option for retirees - 2005-03-13
Many retirees have to go back into the work force after retiring just to pay the bills. The average monthly income for a retired person is only $750, and that is just not enough to enjoy the lifestyle they had hoped for.

If you are reluctant to move after you retire, but find living in your home costs more than you can afford, you should look at a reverse mortgage.

A reverse mortgage is a safe and simple way for people older than 62 to tap into the equity in their home, thereby creating an additional source of income.
Read the full story at Chillicothe Gazette