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How to Add $350,000 to Your Clients Retirement with One Simple Strategy!

How do you  to Add $350,000 to Your Clients Retirement?

First, let’s be honest, there are some retirees that $353,000 would not make much of a difference. Today’s post is for those whom it would.

Earlier today I talked with two different financial advisors who had very similar client scenarios:

  • 66 year old couple wants to retire
  • They have around $500,000 in savings
  • They have a home valued at $500,000
  • Their Goal: Enjoy their lifestyle, make sure they don’t run out of money and leave something for their kids if possible.

I was able to share one simple strategy I firmly believe every Financial Advisor and Real Estate Professional must understand:

The HECM for Purchase Program

Here’s how it works:

H4P 500-300-350

Client sells their $500,000 home and moves to a $300,000 home. This is an excellent idea for many reasons.

  • You don’t need that much house anymore
  • You no longer want to do that much yard work
  • You don’t want to worry about deferred maintenance on an older home
  • and much more!

So, they sell that home and instead of paying cash with the proceeds, they used the HECM for purchase program that allows you to finance a portion of the purchase price, reducing what they had have to bring to closing.

Now, because of this one simple strategic move, the client has $353,000 in cash left over after it’s all said and done and no monthly mortgage payments!

Your clients Retirement Savings went from $500,000 to $853,000, and your influence as an advisors is now through the roof!

Reverse Mortgages have changed and Advisors must have current information to give their clients the best shot of a successful retirement.

Make sure you read my earlier post to get up to speed.

“Why Doesn’t Every Realtor in the Country Know About This”

“When Even Wealthy Homeowners Are Using Reverse Mortgages, The Question Is: Why Aren’t You?”

Are you current on how the changes in the Reverse Mortgage can radically impact your business and the clients you serve?

We offer a 1 and 2 hour Continuing Education Course to Financial Advisors and a certification course to Real Estate Professionals that covers all of the latest strategic uses regarding the Reverse Mortgages.

Don Graves, RICP®, CLTC®, Certified Senior Advisor, CSA®

Don Graves, RICP®, CLTC®, Certified Senior Advisor, CSA®

President and Chief Conversation Starter at HECM Advisors Group/Institute
Don Graves, RICP® is a Retirement Income Certified Professional and one of the Nation’s Leading Educators on the Emerging Role of Reverse Mortgages in Retirement Income Planning. He is president and founder of the HECM Institute for Housing Wealth Studies and an adjunct professor of Retirement Income at The American College of Financial Services. He has helped tens of thousands of Advisors as well as more than 3,000 personal clients since the year 2000
Don Graves, RICP®, CLTC®, Certified Senior Advisor, CSA®
Don Graves, RICP®, CLTC®, Certified Senior Advisor, CSA®

Categories: Advisors, Banking, Financial, Financial Planning, Real Estate, Topics

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