Retirement planning has traditionally excluded housing wealth, however, for many clients this can represent 50% or more of their net worth. With higher inflation rates and volatile investment markets, many advisors are now taking a fresh look at reverse mortgages. With income tax-free proceeds and no required monthly payment, the reverse mortgage can be an effective option to incorporate housing wealth into an income bucket or other retirement planning strategy.
During this session, Stephen Resch, a practicing financial advisor, will cover a brief overview of how the program works. He will then share case studies of using it to manage household cash flow by eliminating an existing mortgage payment, supplementing an asset distribution strategy or providing gap funding to delay Social Security and other pension distributions. This session also will look at how a reverse mortgage can be a safety net for long-term care risks, pay the taxes on Roth conversions and provide capital for gifting or other legacy objectives.
