Overview Optimizing retirement outcomes for your clients is every advisor’s goal. The 2 minute video below shows how HECMs can be used to create a deferral bridge. The mechanics are very simple: Establish a ReLOC (Reverse Mortgage Line of Credit). See more at www.ReLOC.net. Determine how much monthly or yearly income your clients will need… Read More…
A recent Consumer Protection Finance Bureau white paper entitled, “The Costs and Risks of Using a Reverse Mortgage to Delay Collecting Social Security,” takes a broad swipe at using Reverse Mortgages to support deferral of Social Security benefits and seriously discourages it. To be certain, there are those who appreciate and embrace the report’s findings and… Read More…
Introduction I’d like to introduce you to, Greg Phelps, a new friend and fiduciary with 22 years of financial planning experience. He runs the Wealth Summit–a platform created to help consumers better understand their personal finances. At this year’s no-cost, online Summit, Greg will interview 30+ money experts who will expound on their strategies to… Read More…
Introduction In “Working Past 70: Americans Can’t Seem to Retire,” author, Ben Steverman, considers the growing number of people age 65 or older who are remaining in the workforce, or re-entering it. It is a trend that is predicted to continue, and while working through one’s retirement years may be beneficial, it’s not always feasible… Read More…
Introduction Silver divorce, or ending the marriage during retirement years, was rare in times past, but this is no longer the case. And more is predicted with the advent of the baby boomers. In a previous article, I outlined the potential problems that result with divorce at a later age as reported by financial Author Mary… Read More…
Introduction In his article found below, my good friend, Mike Padawer, discusses rising healthcare costs and growing long-term care expenses for retirees. He points out that, though, awareness is growing, minimal anticipatory action is being taken. This spells trouble for more than just Boomers. The solution? Aging Boomers (and their advisors) need to take financial… Read More…
Wed. July 19, 2017 @ 1:00 PM – 2:00 PM EST Description Today’s retiree wants to enjoy the best possible lifestyle without having the additional concern of spending all their retirement savings. In this Webinar, advisors will see the second type of Reverse Mortgage–one of which most have never heard. Imagine the impact… Read More…
An Introduction A few years ago, I had the privilege of meeting professor Jamie Hopkins and serving as his HECM Muse as he learned the program. Our friendship has been fantastic, and his advocacy and enthusiasm for the program is unmatched. Jamie has spearheaded the advancement of the HECM program by bringing the Funding Longevity… Read More…
An Introduction A few years ago I had the privilege of serving as a member of the Funding Longevity Task Force (now under the American College). During that time I met and became friends with Dr. Pfau. Wade was just getting started on his journey in Reverse Mortgages and I had a chance to serve… Read More…
The HECM Line of Credit as A Risk Management Tool Four Leading Financial Thought Leaders Share About the HECM Line of Credit
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