REPOSTED FROM FORBES PERSONAL FINANCE 10/24/2016 The original source of this article is available on Forbes.com here Jamie Hopkins, CONTRIBUTOR I cover retirement income planning, retirement, and other legal issues Opinions expressed by Forbes Contributors are their own. A common misconception about marriage in the U.S. is that millennials have a higher divorce rate than previous […]
The number of Americans that are divorcing during retirement is growing. Proper planning, along with knowledge and use of the FHA’s “Divorce in Retirement loan,” the Home Equity Conversion Mortgage (HECM), can contribute to a better quality of life during the divorcing couples remaining retirement years. What do you know about the FHA’s HECM for […]
The FHA’s new and improved reverse mortgage —the Home Equity Conversion Mortgage (HECM)— was recently touted by Forbes as the potential “Saving Grace for American Retirees“
Learn what Jane Bryant Quinn and other retirement income researchers say about where home equity fits into a thoughtful 30-year retirement plan. This class will teach you the Top 5 Things to Consider when choosing how to maximize your retirement income stream, strategies for paying for quality care, protecting your retirement savings during market downturns, […]
If you, a loved one, or a client are 62 or nearing retirement – this free informational community event is for you. Join us – and bring your retirement income questions – to learn what Jane Bryant Quinn and other academic researchers on retirement income strategies are saying about where home equity fits into a […]
This case study compares the fortunes of two retirees who start retirement with identical securities portfolios, receive identical amounts of retirement income throughout a 30-year retirement and live in identical homes. The study illustrates how a securities portfolio (such as a 401(k) account or a rollover IRA) that provides retirement income can be substantially helped by a reverse mortgage credit line. More specifically, […]
The purpose of this paper is not to repeat a discussion of sequence-of-return risk, but rather to introduce academic research suggesting ways to manage this risk via an “existing resource,” the house. This review will lead to an evolving discussion of housing wealth used as what Wade Pfau, Ph.D., CFA, Professor of Retirement at the […]
Reverse mortgages offer a mechanism for tapping home equity for those who want to stay in their home. Nearly all reverse mortgages today are government-insured Home Equity Conversion Mortgages (HECMs). To make the HECM insurance program financially viable, and to insure that HECM reverse mortgages provide retirees with a reliable source of retirement income, the […]
Reverse Mortgage as a Retirement Alternative Having alternative sources of retirement income is critical for those who are currently retired, those retiring in the near future, and those planning to retire in the next 30 to 40 years. One alternative available to many Americans is a reverse mortgage. Surveys show that Americans tend to store […]
This study outlines recent changes in the reverse mortgage market and attempts to shed light on two simple questions: Which client-specific and capital market factors should a practitioner emphasize; and Based on these critical factors, how does early or delayed establishment influence whether a reverse mortgage can improve the probability of clients’ maintaining their retirement […]
