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David Garrison

Reverse Mortgage and HECM for Purchase Advisor

NMLS# 1595194


2169 East Rutland Ln.
Martinsville, Indiana 46151

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About Me

I have spent my career in sales and business management; recently selling and retiring from my own company after 36 years.

I advised my mother on a HECM a number of years ago and it served her well as her assets dwindled and she could no longer manage her affairs. I practice what I preach. My wife Carol and I recently entered into a Home Equity Conversion Mortgage, primarily as a hedge against future market sequence of returns. I have always felt the the equity in one’s home was a largely ignored asset that needed to be leveraged. The HECM has a very strong value proposition for us baby boomers and I think it important to be considered in one’s retirement planning.

My volunteer service through the years with Habitat for Humanity, Kairos Prison Ministry and CareNet Pregnancy Centers align well with my desire to engage with others and offer my life experience.

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Common Examples of What a HECM Can Help You Do

  • Purchase a new home to fit your lifestyle needs
  • Reduce monthly expenses by paying off existing mortgage
  • Enhance your cash flow
  • Create an emergency fund
  • Fund for home repairs or upgrades
  • Fund the expense for caregivers, live-in nurses, or other in-home care
  • Protect your retirement portfolio
  • Reduce monthly expenses by paying debt
  • Incorporate housing wealth into your retirement plan
  • Increase cash to help ensure monthly bills are paid
  • Reduce the burden of out-of-pocket healthcare costs
  • Have the cash for a large expense, such as a vacation or vehicle
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Shifting Into Reverse Blog

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#128 Using a reverse mortgage to pay Roth conversion tax

ROTH CONVERSION PROCESS SMOOTHENED WITH REVERSE MORTGAGE Now in your 70s, you’ve been giving thought to those looming required minimum distributions from IRA. Despite the recent dismal market performance, your rollover account is still over the seven-figure mark, and your accountant is actually recommending converting it to a Roth, either all at once or in […]

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#127 – Using a reverse mortgage to supplement retirement plan withdrawals

USING HOUSING WEALTH TO “PAD” RETIREMENT PLAN WITHDRAWALS 03/06/23 With no training or expertise in finance, you have always liked to keep yourself informed by reading about the investment markets and the economy in general. The other day you came across a piece from Morningstar that seems to sum up your own situation: “retirees have […]

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#126 Using a Reverse Mortgage to Prepay Funeral and Burial Expenses

USING HOUSING WEALTH TO LIGHTEN HEIRS’ LOAD 3/2/2023 The extended illnesses of several close friends have made you conscious of the burden their adult children are shouldering. You have estate planning documents; those were updated after you were widowed seven years ago, directing the disposition of your assets.  However, you’ve come to realize that more […]

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