HECM Advisors Group - Using Reverse Mortgages to Secure Retirement Income - Wade Pfau Webinar Replay 2022

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In the early days, reverse mortgages were generally treated as a last resort option after other resources were depleted, or as a way to obtain quick access to a large lump-sum of assets. This is not the appropriate way to think about reverse mortgages in a retirement plan. The reverse mortgage option should be viewed as a method for responsible retirees to create liquidity for an otherwise illiquid asset, which in turn can create new options that potentially support a more efficient retirement income strategy (more spending and/or a greater legacy).

After providing an overview of retirement income planning, which sets the context for understanding the potential role of reverse mortgages, this presentation explains how reverse mortgages can be incorporated into a retirement plan to improve its outcomes:

• Coordinate between spending from investments and a reverse mortgage to better protect the investment portfolio from market volatility
• Avoid the additional burden of fixed mortgage payments in retirement by refinancing with a reverse mortgage
• Build a bridge to help support getting the most lifetime value from your Social Security benefits
• Use the reverse mortgage as a tax-free spending resource to better manage your taxable income
• Use the growing line of credit as a protective hedge for your home value or as a source of reserves to cover unexpected bills or to divide the home value as part of a divorce settlement

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Don Graves, RICP®, CLTC®, Certified Senior Advisor, CSA®

President and Chief Conversation Starter at HECM Advisors Group/Institute

Don Graves, RICP® is a Retirement Income Certified Professional and one of the Nation’s Leading Educators on the Emerging Role of Reverse Mortgages in Retirement Income Planning. He is president and founder of the HECM Institute for Housing Wealth Studies and an adjunct professor of Retirement Income at The American College of Financial Services. He has helped tens of thousands of Advisors as well as more than 3,000 personal clients since the year 2000