No matter how good a job you do for your clients, there is not enough money out there to get all the baby boomers to life expectancy, and those who do have enough money may have it all wiped out at the end with health care or high taxes to take care of those who didn’t save. What would happen if you or your client lives to be ninety-five?
The lack of focus on home equity in retirement income planning is nothing short of a complete failure to properly plan and utilize all available retirement assets. This needs to change immediately because strategic uses of home equity, especially reverse mortgages, could save many people from financial failure in retirement and help stem the overall retirement income crisis.—Jamie Hopkins, MBA,LLM, the American College of Financial Services writing in Forbes Magazine Oct.7, 2016: Reverse Mortgages Can Be A Retiree’s Saving Grace.
Americans have wrongly steered clear of reverse mortgages. This needs to change. Individuals and industry leaders need to understand how reverse mortgages can be effectively used.—Robert Melton, Nobel Prize winning economist.
Through inertia and stubbornness, old ideas die slowly. Financial advisors maintain a dismal view about reverse mortgages. However much has changed in just the past few years.—Wade Pfau, PhD, Professor of Retirement Income, The American College
Most of the research on retirement planning and reverse mortgages since 2012 has been published in the respected Journal of Financial Planning, which carries only peer-reviewed articles. We recommend you read them. Also, let's meet and mastermind solutions for your clients concerns together.
Marc has 36 years in financial services and 6 years in teaching.
Visit Us on Google