new member and first question....

My MIL is 70yo and has zero savings for retirement. She is widowed and receives social security. She owns her home, approx $400k net worth. She has 1 son. We want her to use the equity in her home to support herself and think the best way would be a RM. I'm just not sure about the fees, how RMs work or if there is a better option. We can help her with taxes and insurance if/when needed.

I've read several posts about RM but usually there is still money owed on the home. The other thought was open a HELOC and she can withdraw if/when its needed, but then she will have a payment. If she does get a RM would it wise to put some of the money into a ROTH IRA? Maybe it gains a nice little return, but I know that's not guaranteed..... We don't need the inheritance and want her to have the money now to hopefully enjoy life a little instead of worry. Any tips or suggestions would be greatly appreciated.

Any companies that are recommended for RM?

My MIL is 70yo and has zero savings for retirement. She is widowed and receives social security. She owns her home, approx $400k net worth. She has 1 son. We want her to use the equity in her home to support herself and think the best way would be a RM. I'm just not sure about the fees, how RMs work or if there is a better option. We can help her with taxes and insurance if/when needed.

I've read several posts about RM but usually there is still money owed on the home. The other thought was open a HELOC and she can withdraw if/when its needed, but then she will have a payment. If she does get a RM would it wise to put some of the money into a ROTH IRA? Maybe it gains a nice little return, but I know that's not guaranteed..... We don't need the inheritance and want her to have the money now to hopefully enjoy life a little instead of worry. Any tips or suggestions would be greatly appreciated.