Housing Wealth in a Retirement Plan
Retirement planning has traditionally excluded housing wealth, however, for many of our clients this represents 50% or more of their net worth. With income-tax free proceeds, and no required monthly payment, the reverse mortgage can be an effective option to incorporate housing wealth into an income bucket or other retirement planning strategy.
In this presentation, Steve Resch will do a brief overview of how the program works, and then share examples from his own practice of using a reverse to manage household cash flow, supplement an asset distribution strategy, and provide gap-funding to delay social security. We will also look at how a reverse mortgage can be a safety net for long-term care risks, pay the taxes on Roth Conversions, and provide capital for gifting or other legacy objectives.
Learning Objectives:
- Evaluate if home equity with a reverse mortgage can help safeguard a retirement income plan
- Identify opportunities where legacies can be enhanced by including a reverse mortgage in a comprehensive retirement plan
- Share conceptually how a reverse mortgage can be introduced to your clients
This session is sponsored by Finance of America Reverse.
