Shifting Into Reverse Blog
#190: Using home equity to reconfigure living quarters for Mom and new spouse
HOUSING WEALTH HELPS MOM MAKE A NEW START You and your sister have been told by your 72-year-old mother that she has met the man with whom she intends to “finish out her days”. While you’re very happy for her, you want to be sure she protects her own finances and property. Each of you […]
#189: Using home ownership to help 3rd generation become homeowners
HELPING YOUNG’UNS BECOME HOMEOWNERS You have always made clear to your children that, once you’d helped them get through four years of college, they would be expected to take full charge of their own financial futures. Apparently, your one grandchild was raised with the same expectation. In a recent discussion, though (much to your consternation), […]
#188 Using a reverse mortgage as part of a charitable giving plan
HOUSING WEALTH PROVIDES BALLAST FOR CHARITABLE TRUST Now that retirement has become a reality for both of you, you feel blessed to have been able to devote more time to charitable projects, in particular those that relate to medical care for impoverished people around the globe. As part of the process of preparing to retire, […]
#187: Using a reverse mortgage to start online sales training center
HOME EQUITY ENABLES FROM-HOME BUSINESS At age 63 and recently retired from a long-time, top-level corporate sales training position, you’re looking forward to having greater control over your own time. An idle existence, on the other hand, would never be to your liking, and the plan is to develop an online sales training business offering […]
#186: Using a reverse mortgage to reduce tax on Social Security benefits
APRIL 15 STARK REMINDER FOR RECENT RETIREES After retiring at the end of 2022 (at the age of 67), you began collecting Social Security benefits in 2023. Your wife retired at the end of last year, but she is not quite of age to qualify for a full benefit. Your plan was to wait until […]
#185: Using a reverse mortgage to settle back in the U.S.A
BACK TO BUILDING HOUSING WEALTH IN THE GOOD OL’ USA After close to thirty years working abroad as an international education consultant, at age 74, you’ve moved back to the U.S. to be closer to family. For the past year, you’ve been renting an apartment in Indianapolis, waiting for the right time and the right […]
#184: Using a reverse mortgage to help sibling
HOUSING WEALTH ENABLES SIBLING CHIVALRY While you have both been U.S. citizens for many years, some of your fondest childhood memories revolve around Brothers and Sisters Day in Canada. Fraternal twins, your brother and you have remained very close over the years. At age 68 and single with no children, you are still actively self-employed […]
#183: Using a reverse mortgage to age in place – a new place!
AGING IN PLACE, BUT NOT IN THE OLD PLACE At the urging of your adult children (neither of whom lives in this state), you paid quite a number to check out senior living communities in and around the city. As a very socially active widow, it quickly became plain to you that you treasure your […]
#182: Using a reverse mortgage the old fashioned way
REVERSE MORTGAGES – TOOLS AT BOTH ENDS OF THE SPECTRUM As an advisor who deals primarily with high-net-worth individuals and couples, you’ve come to understand the many ways in which using housing wealth can help your clients preserve and grow their investment assets, avoiding wealth depletion through taxation or ill-timed withdrawals. Ironically, a recent conference […]