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  • Three Lessons from the World’s First Computer Mouse

    In 1964, computer scientist Douglas Engelbart stumbled onto something he thought could make a difference in the way people interacted with computers. He named his invention the X-Y Position Indicator; today, we know it as the computer mouse. Engelbart went on to demonstrate his new device for leading computer experts like IBM and Hewlett Packard. He had Read More…

  • 5 Retirement Influencers Speak on Reverse Mortgages

    This week I want to highlight five retirement planning influencers and allow them to share their insight on the newly restructured reverse mortgage. Each talks about helpful ways to incorporate housing wealth in retirement income planning.  Hope you enjoy – dg Ed Slott, CPA, The IRA Leadership Program & Elite IRA Advisor Group I’ve watched Ed Read More…

  • Three Half-Truths About Reverse Mortgages

    My friend and colleague, Jamie Hopkins, Esq., is passionate about retirement security and believes that a better prepared public can enjoy a more secure and fulfilling retirement.  Part of that preparation is becoming aware of all available retirement income planning options–one of them being reverse mortgages. The reverse mortgage often receives bad press due to Read More…

  • Four Underutilized Reverse Mortgage Strategies for Retirement Income Professionals

    Excerpt from July 2019 Advisor Magazine Online With the current retirement income crisis facing baby boomers, advisors need every viable resource to help their clients and sustain their practice.  Reverse mortgages have become one such resource.  Historically, the financial services community has either dismissed the reverse mortgage or relegated it to use as a last Read More…

  • Is a Reverse Mortgage Right for Your Client? Here Are Ten Questions to Get Started

    Retirement has changed significantly from what our grandparents and even our parents experienced not too long ago. We’re living longer, healthier lives, but with that comes the added stress of maintaining your desired lifestyle for a lengthier retirement. You know it’s necessary to plan ahead and consider all your available retirement tools, but is it possible you’re overlooking the Read More…

  • Four Clients That Should NOT Be Considering a Reverse Mortgage

    I hope I’ve been clear in my past communications that I do not believe a reverse mortgage is always the best option. There are retirees for whom a reverse mortgage does not make sense. Here are four categories of clients who should be steered away from the program. Clients who are definitely moving in the Read More…

  • {Podcast} Ed Slott on Reverse Mortgages and Taxes in Retirement

    I recently had the opportunity to interview my colleague and friend, Ed Slott. He is a nationally recognized professional speaker, star in several public television specials and creator of the The IRA Leadership ProgramTM and Ed Slott’s Elite IRA Advisor GroupSM. Ed used to tell people, “Stay away from reverse mortgages,” but when he saw that the reverse Read More…

  • The Reverse Mortgage Tenure Payment as an Annuity Alternative? Dr. Wade Pfau Weighs In

    An Interview with Dr. Wade Pfau My good friend and colleague, Dr. Wade Pfau, recently released an article in Forbes detailing how the tenure payment can be used as an alternative to purchasing an income annuity. This reverse mortgage monthly payment “annuitizes” the clients’ housing wealth in place of another financial asset. We also discussed it Read More…

  • {Case Study} How One Couple Purchased Their Retirement Dream Home and Added $50,000+ to Savings

    Meet Tom and Jane Married Couple (71/71) | Current Home Value $500,000 | Outstanding Mortgage Balance $175,000 ($1279/month) IRA’s/Savings $540,000 | Social Security $3,200/month | Pension $705/month Retirement Concerns Tom and Jane’s advisor discerned their primary concerns based on a strategic core framework I crafted–the 5 L’s. Longevity (Lo) | Lifestyle (Lf) | Liquidity (Lq) | Legacy (Lg) | Long Term Care (Lt) (These retirement concerns Read More…

  • Five Common Reverse Mortgage Questions in Four Minutes

    Common Advisor Questions I’ve compiled the answers to five common questions I receive from advisors (and their clients). What does “non-recourse” mean? Since the HECM reverse mortgage is an FHA insured, non-recourse loan, the lender’s ONLY “recourse” is the net proceeds from the sale of the home, even if the client owes more than the Read More…