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 of the Reverse Mortgage in December of 2013
[Reverse Mortgages are an] “insurance against a volatile market allowing investors to remain invested through volatile times…(a)nd our conclusion was, anyone who qualified for it should consider doing it.”
Additional Evensky Work:
The Role of Reverse Mortgage in the Planning Process (3 minutes)
7 Things You Need to Know About Retirement Financial Advice (Video)
See # 10 Below
10. Keep Annuities and Reverse Mortgages in Reserve
“What must you earn above the pricing interest rate to justify not annuitizing?” Evensky asked, answering his own question with a chart illustrating that retirees from age 55 to 100 must earn considerably more. He also suggested using a reverse mortgage as a backup for clients’ one-year cash flow reserve, instead of a home equity line of credit. “Unlike a HELOC, a reverse mortgage can’t be taken away” by the lender, he pointed out.
Categories: Financial Planning, Industry Updates, Strategic Usage, Uncategorized
Tags: Harold Evensky, HECM Line of Credit, Running out of Money