Guest Expert: Wade Pfau, PhD, CFAAn American College survey found that 83% of homeowners age 55 to 75 want to stay in their homes. Homeowners can achieve this goal by responsibly incorporating home equity into their plans through ...
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Subscribe NowAn American College survey found that 83% of homeowners age 55 to 75 want to stay in their homes. Homeowners can achieve this goal by responsibly incorporating home equity into their plans through the use of a reverse mortgage options such as a credit line that grows. With new options, such as a Jumbo Reverse Mortgage, that can help clients with multi-million home values. It's imperative that advisors understand what's possible for their clients.
Listen as respected retirement researcher Dr. Wade Pfau teaches why 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 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 the basics for how reverse mortgages work. Dr. Pfau shares an overview of potential uses for a reverse mortgage in a retirement income plan.
