A few weeks ago I ran across an article in Forbes that was entitled 5 Ways A Reverse Mortgage Can Help Your Retirement. I was stunned at the clarity and preciseness in which Neil Krishnaswamy, CFP®, RICP®, EA had summarized. I immediately looked him up and emailed him. Once we connected, I asked him where did he get his source material etc. And to my surprise, he said he had gotten much of it from me!
Neil had recently completed the Retirement Income Certified Professional designation through the American College and had to sit through about 2-3 hours of my lectures. He said he basically had summarized some of the more salient points along with his own research and created his article. I asked him for permission to synthesize and summarize some of his salient points in a handout of other advisors and he graciously gave permission. Download the Summary Below or HERE
Five Ways a Reverse Mortgage Can Improve a Retirement Income Plan
1. Spending Coordination With Your Portfolio
2. Bridge Income for Delaying Social Security Benefits
3. Funding to Pay Taxes for Roth IRA Conversions
4. Providing Larger Inheritances for Heirs
5. Contingency Fund for Unexpected Spending Needs
{Video} Strategic Uses of Reverse Mortgages in Retirement Income Planning
Don Graves and his colleague Shelley Giordano (Co-Founder, Funding Longevity Task Force) speaking at the American College Wealth Channel
Categories: Advisors, Financial, Financial Planning, Topics
Tags: Financial Planning, Forbes Reverse Mortgages, HECM Basics, HECM Line of Credit, Neil Krishnaswamy, Portfolio Preservation, Reverse Mortgages