SOA research has shown that non-financial assets are the biggest part of retirement assets for many middle American families. The largest part of non-financial assets by far are home values. Housing is […]
I'm a wealth manager who enjoys helping people discover what path they want to walk and build a financial strategy to achieve it. This blog focuses on retirement planning, and currently delves into reverse mortgages.
This is the title of an article written by Don Graves, RICP, and published by the Society of Financial Services Professionals in January 2017. Click to read the article here: SFSP-Mitigating-Risk-DG. Don points […]
August 2016 updates: Additional identification of who can deduct reverse mortgage payments (homeowner, their estate, or their beneficiaries). Wording changes for simplicity. If you have a FHA insured Home Equity Conversion Mortgage (HECM) you have the potential for valuable tax deductions. Interest is deductible when you pay it. You could pay it and deduct it […]
From the Funding Longevity Task Force The Funding Longevity Task Force at The American College of Financial Services has been at the forefront of financial analysis demonstrating the important role reverse mortgages […]
Silver divorces are a growing part of retirement for baby boomers. Financing retirement is challenging enough before splitting resources between two households. Many couples’ home is their largest financial asset, increasing the […]
Wade Pfau’s new book as reviewed by Jason Oliva of Reverse Mortgage Daily September 19th, 2016 | by Jason Oliva A new book on reverse mortgages hit the shelves this past weekend, offering readers […]
This post originally appeared on Dirk Cotton’s blog The Retirement Café. It is reposted here with permission from Dirk and Jim Dean. Dirk wrote the section immediately below and Jim did the balance. […]