Protected: HECM Basics – The American College Video Series
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Tom Hegna is no stranger to Retirement Income Planning. His Books and PBS special entitled “Don’t Worry Retire Happy” remain a favorite among advisors and PBS affiliates across the country. It just aired in the Philadelphia this past weekend! http://tomhegna.com/about-tom/ Last week, I was honored to be one of three presenters at an Advanced Retirement Income strategies… Read More…
Solving the Retirement Funding Crisis – Highlights from the 2015 White House Conference on Aging The Retirement Planning landscape has shifted. Positively and in some cases not so much. Every 10 years the White House hosts a conference on aging and Retirement Income Planning was front and center this year. Whether you or I agree with… Read More…
One of the nation’s most influential consumer advocacy organizations used uncommonly strong language to caution seniors about pursuing reverse mortgages “Don’t be suckered into buying a reverse mortgage. Advertisements make them sound tempting but reverse mortgages can put your retirement at risk” So says a recent consumer reports article found HERE. Now that’s scary! Putting… Read More…
Can I Take Out A Reverse Mortgage And Invest That Money? Asked a Time Magazine Reader in June 2015. See Full Time Article HERE . My Short answer is YES: If your Advisor wants to lose their licenses, have an NSA drone hoover outside his window and become the poster child for the new pilot of American Greed. Here is the… Read More…
Should a Client with $1100 in Income Be Living in a 5,000 Sq Foot Home? “Absolutely NOT” was my reaction when the advisor called me this week. They were looking into a traditional Reverse Mortgage. “No way”, I said, “You need to tell your client to consider moving” Here are The FACTS: Clients Age (83)… Read More…
New Reverse Mortgage Rules Open Door To A More Secure Retirement – Jamie Hopkins Owning a home has always been part of the American Dream. Therefore it should be no surprise that home equity represents a large portion of the average retiree’s net worth according to the Consumer Financial Protection Bureau statistics. Now, as many Americans near retirement,… Read More…
You know you have hit the big time when you get on Letterman. And to have none other than Mick Jagger make mention of the humble reverse mortgage resource is Epic! But I am still saddened by one fact. Most advisors still have not understood the profound impact that housing wealth can have on retirement income… Read More…
Note: This update on John Salter’s thinking about reverse mortgages originally appeared on NowItCounts.com April 7, 2015. In today’s low-interest rate environment, John Salter says now is the time to take advantage of a reverse mortgage. Salter, a certified financial planner and wealth manager with investment advisor Evensky & Katz and has co-authored studies on… Read More…
One of the attractive features of the HECM reverse mortgage has been that there are no income or credit requirements. All homeowners 62 and older who live in their homes without a mortgage have been eligible, and those with mortgages may also be eligible if the balance is not too large. But all that will… Read More…
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