can help your clients with estate planning, long-term care and their retirement plans.
Reverse Mortgages SIDAC will help you have a clear understanding of:
- Who should do a reverse mortgage.
- What are the true facts about reverse mortgages (there are a lot of myths and misinformation floating around).
- Where the reverse mortgage can be a benefit to your clients and/or their parents and families.
- When one should do a reverse mortgage.
- Why one should work with Reverse Mortgages SIDAC.
- How a reverse mortgage can help you help your clients with retirement planning.
Articles and studies of using reverse mortgages for retirement and long-term care planning (also see “In the News” page for more articles):
- Robert Powell writes in USA Today that a reverse mortgage could help with financial security, Want financial security? Home equity and retirement accounts are key.
- Jamie Hopkins, Co-Director of the American College’s New York Life Center for Retirement Income and an Associate Professor of Taxation at the American College, writes in his article in Forbes, Americans Don’t Even Know What Their Most Important Retirement Asset Is, Study Shows: It is really not a comprehensive plan if it ignores most Americans’ largest asset – home equity.
- Investment advisor,Terry Savage, shares her personal experience with reverse mortgages in the Chicago Tribune article, Reverse Mortgages: A personal look.
- In a short video in Investment news Wade Pfau and Jamie Hopkins of the American College of Financial Services offer some ideas about reverse mortgages and home equity, Reverse Mortgages: Are they right for your clients?
- Tom Davison provides insights on tax deductions in his article, Tax Deductions and Reverse Mortgages: April 2017 Update.
- Michael Kitces offers, The Taxation of Reverse Mortgage Loan Proceeds and Interest Payments.
- Wade Pfau shares, “Financial planning research has shown that coordinated use of a reverse mortgage starting earlier in retirement outperforms waiting to open a reverse mortgage as a last resort option once all else has failed.” in Forbes, Using Reverse Mortgages in A Responsible Retirement Income Plan.
- The Wall Street Journal’s article, New Thinking About Reverse Mortgages, reviews how younger retirees may benefit from using reverse mortgage lines of credit as interest rates rise.
- Click here to read Journal of Financial Planning: HECM Reverse Mortgages: Now or Last Resort? A study to look at if maintaining a client’s real income needs is to require the use of home equity, then what factors should be considered, and how do these factors impact whether a reverse mortgage should be established now or as a last resort?
- Check out the study by Professors David W. Johnson, PH.D. and Zimira S. Simkins, PH.D. from the University of Wisconsin, Superior published in Journal of Financial Planning, “Retirement Trends, Current Monetary Trends and the Reverse Mortgage Market.“
- The Today Show gives options for funding long term care including a reverse mortgage: If you don’t have $250,000 to spare, how to pay for long-term medical bills
- The Minneapolis Star Tribune shares Reverse Mortgage Line of Credit Could Fund Long Term Care
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“It is really great not to have to be concerned about where the money will come from for my long-term care insurance policy payment and emergency repairs. It has relieved us of a great deal of stress and makes grocery shopping a lot easier too.” M.S.