One of the things on the minds of all advisors and clients is the question “Will I outlive my Savings”. Indeed a fair question given the advent of the Baby Boomers. They will live longer, have saved less and are more indebted than prior generations. The discussion on the table today is simple. Can we… Read More…
How can the devastating impact that Sequence of Returns Risk poses to a retirees savings be mitigated by a Reverse Mortgage? Every financial advisor understands the profound differences between the accumulation phase of a retirement plan and the distribution phase. Primarily the dangers that come with beginning account withdrawals during a bear market. Better known… Read More…
Increasing numbers of professional advisors take a holistic approach when preparing long-term financial plans for their senior or soon- to-be-retired clients. They consider all of the factors that comprise the client’s economic profile including family circumstance, personal lifestyle goals and financial condition. The holistic approach enables the client to make more appropriate financial decisions. After more… Read More…
Is There A Tangible Net Positive Impact Of A Retiree Eliminating A Monthly Mortgage Payment? Can it make a difference in the overall outcome of a retirement plan? Here’s an example of a couple that has done moderately well in savings, perhaps better than most boomers entering retirement. Based on their lifestyle, their advisor suggested a $2000/month… Read More…
Common Reverse Mortgage Misconceptions abounded since its inception in 1988. Here is a compiling of the 10 I hear most often. Be Sure to Check out these other posts regarding the Program. What is a Reverse Mortgage, 37 most Frequently Asked Questions, Pro’s and Con’s of the Program
Think Advisor Magazine http://www.thinkadvisor.com/2013/10/11/evenskys-10-tips-for-retirement-success?page_all=1 Once again, Financial Thought leader Harold Evensky continues to promote the Benefits of the Reverse Mortgage as a part of a strategic financial plan. We are grateful to such leaders continuing to share valuable information with their peers and colleagues. You can read the Article in its Entirety HERE Evensky said… Read More…
Financial Columnist Jane Bryant Quinn wrote in a 2013 article “A great reverse mortgage idea: Take a credit line now” that: I’ve got a financial proposal that is probably going to surprise you. Take out a reverse mortgage at age 62, even though you don’t need the money. In fact, take it especially if you don’t need the… Read More…
In March of 2012 as quoted in Think Advisor Online, Susan John, Chair of the National Association of Personal Financial Advisors said: “It would be a really rare circumstance where a reverse mortgage would fulfill a need for somebody. I’ve never done a reverse mortgage for a client for exactly that reason, ….there’s always a… Read More…
Retirement is Changing Our clients are more savvy and will continue to be that way. Advisors who have not fully embraced technology as a viable way to engage the baby boomer generation may find some encouragement to do so below. Times are changing. The Days of the “Senior Center Play” is fading for many “Rocky”… Read More…
In October of 2013, The Reverse Mortgage Stabilization Act was passed. And with it, the first significant reform of the program since its inception in February of 1988. These NEW changes are designed to protect the program and positively impact a retiree’s ability to access the equity in their own homes to enjoy a quality… Read More…
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