Shifting Into Reverse Blog
#163: Debunking reverse mortgage myths
REVERSE MORTGAGE AS A LINE OF FIRST RESORT As a financial advisor, you’ve tried to steer clear of extremes, believing that your clients’ retirement and tax planning should be centered around the preservation of assets with sufficient growth to outpace inflation. Particularly in recent years, you’ve focused on helping your clients avoid scams and […]
#162: Using a reverse mortgage as portfolio protection
SAFEGUARDING THE SEQUENCE USING HOUSING WEALTH Now in your third year of retirement, (in both your cases precipitated by COVID-related downsizing), the two of you are becoming concerned with all the pundits’ warnings of oncoming recession. The original plan was for you to work three more years and retire at age 67 (66 for […]
#161: Using a reverse mortgage to make gifts ahead of sunset
GIFTING IN THE FACE OF ESTATE TAX EXEMPTION SUNSET While your career earnings and savings have enabled the two of you to accumulate a very respectable net worth, you have not needed to worry about federal estate taxation. However, you’ve become aware that unless Congress acts before the end of next year (you don’t have […]
#160: Using a reverse mortgage to adapt home to age in place
STAYING AT HOME BY CHOICE At recent gatherings of friends in senior hobby groups, it seems the conversation invariably centers around how much of a deposit each couple or individual has put down to reserve their spot in one of the local upscale retirement communities. I seems the two of you are the only ones […]
#159: Using a reverse mortgage to pay for relative’s medical costs
HOUSING WEALTH CAN HELP PAY FOR MOTHER-IN-LAW’S HEALTH CARE With your wife’s father and both of your own parents now gone, you have maintained a very close loving relationship with your wife’s mother, who unfortunately has endured a series of health setbacks in recent months. After considering various facility options, you have come to the […]
#158: Using a reverse mortgage to overcome location inflation
HOUSING WEALTH ALLOWS MOVING TO HIGHER-PRICE ALTITUDES Ever since the pandemic, the two of you have been wrestling with the decision of moving to the Washington, D.C. suburb where your daughter and grandchildren make their home. Basically retired (you each take on part-time speaking gigs from time to time to supplement the budget), you are […]
#157: Using a reverse mortgage to help daughter move closer
HOUSING WEALTH OFFERS A WEALTH OF POSSIBILITIES FOR PARENTS AND DAUGHTER The two of you have owned your Indianapolis home for many decades and, notwithstanding certain health issues, hope to remain there for the rest of your lives. Your only regret is that both your children live in other states. In fact, there was a […]
#156: Using a reverse mortgage to help nephew pay student loan
GREAT-AUNT WILLING TO STEP IN FOR UNCLE SAM With no children of your own, you and your late husband always maintained a strong connection with your brother’s kids and grandkids in a neighboring state. Now, you’ve become aware, your older grand-nephew, who recently completed a Masters of Fine Arts, is facing somewhat of a financial […]
#155: Using a reverse mortgage to fund son’s startup
DAD’S HOUSING WEALTH HELPS SON BUILD HIS Before your wife’s death five years ago, the two of you had been focused on building up financial assets in preparation for retirement, and now that you’re just a few years away from bidding farewell to full time employment, you are turning your focus on helping your only […]