10.04.2023 - Reverse Mortgages
Tax Planning with Reverse Mortgages
Presented by Shain Urwin and Carrie Jones
This webinar featured reverse mortgage expert Shain Urwin, a former financial advisor, on how to use a Reverse Mortgage to offset RMDs from Traditional IRAs and 401ks. Shain will also review how to properly stack interest on a Reverse Mortgage as a tool to enable a ROTH IRA conversion.
Here is a link to Barry Sacks’ article in the Journal of Taxation:
Attendees Comments:
"New Ideas" Learned According to Webinar Attendees:
"I loved the idea of "interest stacking" (kind of like for charitable giving), but especially useful since they are a non-cash tax deduction that can be used to move tax-deferred monies out of accounts without having to pay taxes out of pocket. Phenomenal!"
"I'm kind of speechless about how much I learned today. Seriously!"
"How valuable a reverse mortgage discussion would be to many of my clients."
"I learned that 1098 based upon actual payment and not accrual. Great info!"
"New Ideas" Learned According to Webinar Attendees:
"I loved the idea of "interest stacking" (kind of like for charitable giving), but especially useful since they are a non-cash tax deduction that can be used to move tax-deferred monies out of accounts without having to pay taxes out of pocket. Phenomenal!"
"I'm kind of speechless about how much I learned today. Seriously!"
"How valuable a reverse mortgage discussion would be to many of my clients."
"I learned that 1098 based upon actual payment and not accrual. Great info!"