Category: financial planning strategies
Should you use a reverse mortgage to pay for long-term care?
August 4, 2022
The advantages and disadvantages of using your home equity as a stream of income to fund long-term care expenses for those that want to age-in-place.
Wall Street Journal: The New Math of Reverse Mortgages for Retirees
June 14, 2022
Reverse mortgages, maligned for years as loans of last resort for struggling seniors, have gotten a makeover.
What you can do if coronavirus is threatening your retirement
May 7, 2020
This USA Today article is intended to help those who are facing retirement today make choices to best secure their future as the economy collapses to a level last matched at the end of The Great Depression.
Hey, Retirees: Looking for a Tax-Free Source of Income?
April 13, 2020
In challenging times, federally insured home equity conversion mortgages offer an outside-the-box income option for those 62 and older.
Managing unexpected expenses in retirement and creating an emergency fund
March 19, 2020
Two questions: Will you face unexpected expenses in retirement and, if so, how best to plan for those expenses?
You can borrow for retirement. It’s called a reverse mortgage.
February 24, 2020
For many households, particularly those with less wealth, their home equity is larger than their financial assets. Tapping home equity in retirement could provide millions of retirees with a way to make ends meet or to maintain their standard of living.
Long term care insurance alternative
February 18, 2020
Client faced with daunting home care costs uses a HECM Line of Credit to provide access to funds down the road.
Using Reverse Mortgages to Mitigate Periods of Poor Returns
January 30, 2020
A home equity conversion mortgage (HECM) line of credit provides a tool that can be used to mitigate the impacts of sequence of returns risk (the risk of incurring portfolio losses in retirement).
Reverse Mortgages Can Help House-Rich Seniors Free Up Cash for Retirement. Here’s How They Work.
December 14, 2019
Author discusses how financial experts began publishing research several years ago showing that the strategic use of reverse mortgages could help retirement portfolios better survive down markets
These advisors help their clients tackle this unknown looming cost
November 11, 2019
The author highlights the impacts of long-term care expense and various financial advisors discuss alternative strategies to fund these expenses.
Reverse Mortgages: Convert Your Home into Income
June 25, 2019
A local Southwest Florida Certified Financial Planner explores some of the benefits of a FHA-insured reverse mortgage.
Busting Three Half-Truths About Reverse Mortgages
June 24, 2019
Like any retirement income strategy, reverse mortgages need to be researched, reviewed and considered beforehand. Don’t base your opinion on just one source.
Understanding Why And How The HECM Line Of Credit Grows
January 16, 2019
Dr. Pfau provides an in-depth look at the financial impact of opening a HECM Line of Credit at age 62 versus waiting until funds are needed at a later date.