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  • Seven Housing Wealth Strategies that Benefit Women

    The financial and retirement planning concerns of women are very different from those of men.  A cursory internet search will reveal that: Women are less likely to have planned or saved enough for retirement (primarily because they spent few years in the work force, made less when they did and often left early to take care of Read More…

  • Why Open a Reverse Mortgage Before It Is Actually Needed? – Dr. Wade Pfau

    When Is the Best Time to Establish a HECM Line of Credit? In his recent Forbes article, Why Open A Reverse Mortgage Before It Is Actually Needed?, Dr. Wade Pfau makes a case for establishing a HECM line of credit early in retirement and allowing it to grow until it is needed.  Here’s the example he Read More…

  • Power of Paying Off a Mortgage: 10 Ways to Supersize Retirement Outcomes

    The Biggest Expense in Retirement According to the Consumer Finance Protection Bureau, more people are carrying mortgage debt into their retirement years with some studies estimating that 50-68% of new retirees will have some sort of loan payment. Current retirees aren’t much better off.  For those 75 and older, housing expenses account for 43% of spending. When Read More…

  • {Case Study} How One Couple Created a Back-Up Plan for Long-Term Care, Enhanced Their Savings Longevity and Funded Their Travel

    Meet Jim and Carol Married Couple (73/71) | Home Value $425,000 | $32,000 Outstanding HeLOC Balance IRA’s/Savings $312,000 | Social Security $2900/month | Pension $1410/month Jim and Carol pull $795 from their savings every month to supplement their income from Social Security and his pension. Retirement Concerns Jim and Carol’s advisor discerned their primary concerns based on a strategic Read More…

  • What Should I Do if a Reverse Mortgage Doesn’t Entirely Eliminate My Clients’ Mortgage?

    Sometimes the proceeds from a reverse mortgage are not enough to pay off the existing mortgage obligations (which is a requirement). Many advisors and clients are tempted to dismiss the reverse mortgage at this point, but that could be an opportunity lost. Something About Mary Let’s take a look at Mary’s situation, and see what Read More…

  • 4 Really Smart Housing Wealth Moves for Retirees in 2019

    Volatility and Retirement Income Planning Market volatility is on the minds of many baby boomers at or nearing retirement, and for good reason. You already know that a significant setback in the market is a dangerous way to begin retirement. A recent article listed four strategies that could make coping with ongoing volatility less stressful Read More…

  • {Podcast} Housing Wealth Strategies that Can Help Your Clients Retire Worry-Free

    How Is Ash Brokerage Using Housing Wealth? If given the choice between a 26% portfolio failure rate and a 2% failure rate, which would your clients choose? Ash Brokerage’s new Journey Guide Pro software ran thousands of retirement portfolio simulations. Some used a traditional systematic withdraw–on average ending with a 26% failure rate. That means one out Read More…

  • CFP® Asks for Colleagues’ Honest Opinion: Is a Reverse Mortgage Right for My Client?

    Shifting Landscape Below is a real question posted to the Financial Planning Association’s (FPA) forum page along with six advisor responses.  The names have been changed, but the replies are accurate. The Question Hello all, I’d like feedback from planners who have used a reverse mortgage as an income source for clients…  I have a Read More…

  • 7 Boomer Statistics from This Month’s Headlines

    (1)  1:246 — Advisor to Boomer Ratio According to a recent article by FinancialPlanning, the financial industry has only 300,000 advisors currently serving Baby Boomers, who number some 74 million and will reach the age of 65 or older by 2029.  That’s one advisor for every 246 Boomers. (2)  $30 Million Inheritance Transfer It is estimated Read More…

  • {Podcast} Utilizing Housing Wealth in Retirement Plans

    I had the opportunity to record a podcast with George Grombachern, host of Money Savage.  On the show, we talked about the evolution of reverse mortgages and how they can be incorporated into retirement income planning.  George didn’t hold back.  From questions about the bad reputation of reverse mortgages to the ideal borrower to FINRA’s Read More…