Advanced Strategies for Financial Advisors
What You'll Learn
Join Joe DeMarkey, Chairman of the Reverse Mortgage Industry Association (NRMLA), and Michelle Riiska from eMoney for a CE-eligible webinar designed to elevate your understanding of reverse mortgages and their untapped potential in financial planning.
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Tom Dickson
Financial Experts Network
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Join Joe DeMarkey, Chairman of the Reverse Mortgage Industry Association (NRMLA), and Michelle Riiska from eMoney for a CE-eligible webinar designed to elevate your understanding of reverse mortgages and their untapped potential in financial planning.
This session will explore three little-known strategies, outlined below, that can enhance your clients' financial security and retirement planning. Note that Michelle will illustrate the impact of the strategies, using eMoney, so you can see the financial effect the strategies can have on a client’s plan.
1. A Life Expectancy Set-Aside (LESA). This little-known feature of a reverse mortgage allows clients to draw a lump sum at closing, plus create a pseudo savings account that holds funds to pay for property taxes, insurance, and flood insurance over the homeowner's expected lifetime.
2. Roth IRA Conversion Funding: Discover how reverse mortgage proceeds can be strategically used to cover the tax burden of a Roth IRA conversion, allowing clients to optimize their retirement savings while minimizing future tax liabilities.
3. Mortgage Payoff: Understand how a reverse mortgage can be utilized to pay off an existing mortgage, reducing monthly expenses and freeing up cash flow for your clients.
Don't miss this opportunity to expand your expertise and provide even greater value to your clients by mastering these innovative reverse mortgage strategies.
* CE/CPE Eligible: 1 CE credit is available to attendees with these designations: CFP, CLU, ChFC and RICP. CPA attendees will earn 1 CPE credit.
Field of Study: Specialized Knowledge
Prerequisites: There are no prerequisites for this session.
Advanced Preparation: None
Program Level: Basic
Delivery Method: Group Internet Based
NASBA Approved
Financial Experts Network (Sponsor Id#: 145173) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.