Can Home Equity Help Achieve Retirement Goals?
Join us on November 6th when Steve Resch will be joined by Craig Lemoine PhD and Director of the Personal Financial Planning at the University of Illinois at Urbana-Champaign.
Can home equity help achieve retirement goals? That is the question we will explore in this session, by introducing reverse mortgages as a flexible and innovative financial tool that can enhance retirement income planning, reduce tax liabilities, and protect against various risks such as long-term care expenses, sequence of returns, and excessive asset distribution rates.
Additionally, we will examine the house as an independent legacy asset, compared to leveraging its equity to boost overall legacy worth by strategies such as paying the taxes for Roth conversions.
Finally, we will look at client profiles that could benefit most from the inclusion of a reverse mortgage in their retirement plan, and how to present the concept to them. Register below to learn:
Can home equity help achieve retirement goals? That is the question we will explore in this session, by introducing reverse mortgages as a flexible and innovative financial tool that can enhance retirement income planning, reduce tax liabilities, and protect against various risks such as long-term care expenses, sequence of returns, and excessive asset distribution rates.
Additionally, we will examine the house as an independent legacy asset, compared to leveraging its equity to boost overall legacy worth by strategies such as paying the taxes for Roth conversions.
Finally, we will look at client profiles that could benefit most from the inclusion of a reverse mortgage in their retirement plan, and how to present the concept to them. Register below to learn:
- Develop a better understanding of reverse mortgages as a retirement planning tool, rather than a loan of last resort
- Learn of specific utilizations that have enhanced legacy values and safeguarded the retirement plan.
- Determine which of your clients could benefit from home equity in their retirement plans.
Home Equity Solutions for Divorced & Widowed Women
Divorced and widowed women may face unique challenges, such as a reduction in income or the need to relocate or buy out an ex-spouse. For those with substantial home equity, a reverse mortgage loan can be used to manage those challenges. Home equity can serve as an alternative source of cash, assist with long-term care risks, or eliminate a monthly mortgage payment*. The reverse-for-purchase loan can even help a client purchase a new home with no required monthly mortgage payment*.
Register below to learn:
*The borrower must meet all loan obligations, including living in the property as the principal residence and paying property charges, including property taxes, fees, and hazard insurance. The borrower must maintain the home. If the borrower does not meet these loan obligations, then the loan will need to be repaid. With a HomeSafe Second loan, borrowers must continue to comply with all the terms of the first mortgage.
Register below to learn:
- The basics of a reverse mortgage loan
- How to buyout a spouse with a reverse mortgage and stay in the home
- How to purchase a new home with the H4P - Reverse for Purchase loan
- Review case studies of using a reverse mortgage as a financial solution
*The borrower must meet all loan obligations, including living in the property as the principal residence and paying property charges, including property taxes, fees, and hazard insurance. The borrower must maintain the home. If the borrower does not meet these loan obligations, then the loan will need to be repaid. With a HomeSafe Second loan, borrowers must continue to comply with all the terms of the first mortgage.