One of the most powerful features of the Home Equity Conversion Mortgage is that the unused portion of the Line of Credit has a built in guaranteed growth factor. So that once the line is established, it will continue to grow regardless of the home’s value. Some have “asked how is this possible?” And the… Read More…
In July of 2016, I had the opportunity to interview my good friend Dr. Wade Pfau regarding his new book about the Role he sees Reverse Mortgages playing in retirement income planning. You can watch the entire interview below as well as download the slide deck Here Some of our topics of discussion include: How… Read More…
Would it be OK, if I helped your client liberate $253,000 in retirement dollars? Dollars that they did not realize they had, that can be used to increase and enhance retirement outcomes. And all of this without you, the advisor, saying one word! Well, I have been doing this client’s for years, and now I would like… Read More…
A Reverse Mortgage Purchase Can Help You Buy Your Retirement Home There are a couple of options in this strategy, but the most popular one is paying half the value of the home in cash and never having a mortgage payment. You still have a government-insured mortgage, just not a mortgage payment. For full disclosure,… Read More…
***This list is a reprint from the National Reverse Mortgage Lenders Associations Compilation** Pay off your forward mortgage to reduce your monthly expenses. Re-model your home to accommodate aging limitations. Maintain a line of credit (that grows) for health emergencies and surprises. Cover monthly expenses and hold on to other assets while their value continues… Read More…
In an article entitled Gray divorce boosts poverty level for women, financial Author Mary Beth Franklin shared powerfully about this growing phenomenon and how women are particularly impacted by it. Here are a few quotes Divorce among spouses age 50 and older is increasingly common and has negative implications for baby boomers’ retirement security Even… Read More…
Combining SPIAs with Reverse Mortgages Provides a Way to Gain Additional Retirement Income Security You gotta be kidding me right! I almost fell off my rocker when I saw this headline and read the paper. Reverse Mortgages and Annuities mentioned in the same sentence without the earth immediately opening up. For those who may not… Read More…
These last few weeks, my good friend Dr. Wade Pfau has opened up a profound can of Reverse Mortgage knowledge. It is thorough and in depth and all that you may want or ever need about how these loans function and the benefits they will hold for enhancing retirement income outcomes. Below are the articles… Read More…
Robert Merton on the Promise of Reverse Mortgages and the Peril of Target-Date Funds This article is re-posted in its entirety by express permission of Advisor Perspectives 11/2/2015 Target-date funds are an exceptionally bad way to save for retirement, according to Robert Merton. But, he said, reverse mortgages are a powerful – yet largely untapped… Read More…
Recently, I heard retirement specialist heavyweight Tom Hegna share at story with some very powerful truths that are relevant to every financial advisor. These life-changing principles are vital to prevent seniors from running out of money in retirement. The original story is from Dick Austin – he contributed to Tom’s book, “Retirement Income Masters: Secrets of the… Read More…
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