Shifting Into Reverse Blog
#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 […]
#181: Using a reverse mortgage to fund world travel
HOUSING WEALTH AS A BUCKET LIST BRACE Because each of you has survived a near-death experience (a bout with cancer in her case, a serious injury in yours), you are determined, within the limits of prudence, to check certain items off your world travel bucket list in the early years of retirement, rather than waiting […]
#180 Using a reverse mortgage as a buffer against a stock market downturn
HOPING TO CONTINUE CLIMBING, PREPARED IF THINGS GO THE OTHER WAY With the bulk of your invested assets in tax-deferred accounts, you’re pleased with this year’s portfolio results. You’re also pleased not to have been forced to tap those accounts, managing living; expenses with a combination of income from part time work/consulting assignments, rents from […]