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
I am pleased to share my second article for the Society of Financial Service Professionals entitled “Re-imagining Retirement Income for the Mass Affluent: How New Collaborative Strategies are Working Together to Dynamically Change Outcomes” You can download the PDF HERE, and my earlier article “Can Reverse Mortgages Hedge the Most Common Retirement Income Risks?” HERE The… Read More…
One Really Simple Change Today I had an advisor ask my thoughts about his clients using a HECM Exchange to create better retirement efficiencies. The clients were ages 65 and 70 with around $900,000 in savings. Based on their current lifestyle, the advisor completed a series of calculations that revealed that their probability of retirement income success… Read More…
What Is the Most Vulnerable Financial Stage in A Retiree’s Journey? A common and simplified overview of the three primary retirement stages suggest these three: The go-go, slow go and no go years. In his book, “The Prosperous Retirement, Guide to the New Reality” Michael Stein, CFP, describes three stages of retirement, some of which I… Read More…
Unexpected Surprises With a “retirement boom” to continue for the next twenty years, planning for those retirement years is critically important; and there may be no greater threat to a comfortable retirement than the need for Long-Term Care. Nearly 70% of Americans over age 65 will need some form of Long-Term Care as they age,… Read More…
Cracking the Retirement Income Code Is there an Optimal Retirement Income Strategy for the mass affluent Baby Boomer? We all know that when a client enters retirement, the focus shifts from saving to managing the distribution of assets. The supreme goal is to make sure that the assets outlive client. Last I had the chance… Read More…
For those of us who work with Baby Boomers A friend of mine sent this clip to me today. I needed a good laugh. This is for those of use who work with Baby Boomers and their parents. Perhaps the fact that this could be me in 30 years with the new technology gave me… Read More…
Should Housing Be Considered as a Portfolio Management Strategy Jamie Patrick Hopkins was recently featured on Consuelo Mack’s PBS show WealthTrack his segment was part of a larger one, but his words right true of the changing nature that housing wealth is playing in retirement income planning. To see another inteview with Jamie and Dr. Wade Pfau on Are Reverse… Read More…
American College Thought Leaders Weigh in On Reverse Mortgage Recently, two of my good friends and partners Jamie Patrick Hopkins and Dr. Wade Pfau were asked about the changing nature of Reverse Mortgages at the 2017 Retirement Income Summit sponsored by Investment News. Their answers are contained in this short video and the full transcript… Read More…
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