Shifting Into Reverse Blog
#275: Same-As and Unique Tax benefits involved in a Reverse Mortgage
REVERSE MORTGAGE FUNDING CARRIES SAME-AS AND UNIQUE TAX BENEFITS Interesting. The two of you just have beaten this week’s filing deadline to get 2026 property tax credits for senior homeowners. With your combined annual income just under $69,000, you were able to qualify for the $150 credit despite the fact that your property has continued […]
#274: Using a reverse mortgage to address the “littler” decisions
MADE THE BIG HOUSING DECISION? FUND THE LITTLER ONES WITH HOUSING WEALTH “Ask yourself the uncomfortable but clarifying question: If someone forced you to do the right thing tomorrow, would I know exactly what that is?” If the answer is no, Pete the Planner says, you have a mechanics problem. If the answer is yes, […]
#273: Using a reverse mortgage to provide security for new spouse
STARTING AFRESH WHLE STAYING HOME In the years following your husband’s death, you had become resigned to spending the rest of your life alone. As fate would have it, you’ve met a wonderful man, himself a widower, and are planning to remarry. While you had originally intended to sell your home this year, moving into […]
#272: Using a reverse mortgage as an estate planning tool
HOME EQUITY — THE SWISS ARMY KNIFE OF ESTATE PLANNING “When it comes to wealth transfer, both givers and receivers need to be seriously strategic. John Vandergriff suggests in a Kiplinger piece With the largest wealth transfer in history beginning to take place, Vandergriff says, parents want to transfer assets as efficiently as possible, leaving […]
#271: Advising clients for whom linked benefit insurance won’t work
HEALTH WON’T ALLOW FOR EITHER LONG-TERM CARE OR LINKED BENEFIT INSURANCE? LINK HOME EQUITY TO AGING IN PLACE As a financial planner, you understand that one of main budgeting challenges your clients will face as they enter into retirement will be related to health costs. With that in mind, while you are not yourself a […]
#270: Using a reverse mortgage as a financial safety net
STAY-AT-HOME SENIOR VALUES INDEPENDENCE Following a round of visiting with former neighbors who’ve sold their homes and moved into various luxury retirement communities, you’ve decided that lifestyle is not for you. Having nursed your husband through an extended illness prior to his passing, you have moved “back into life” again, becoming very involved in community […]
#269: Using a reverse mortgage to fund niece’s ABLE account
AUNT AND UNCLE’S HOUSING WEALTH CAN HELP YOUNGER RELATIVE HELP HERSELF With no children of your own, the two of you (both retired for ten years) have always tried to be there for your six nieces and nephews, in terms of opening your home to them, taking them on trips, offering modest cash holiday gifts, […]
#268: Using a reverse mortgage to pre-fund Long Term Care
LINKING HOUSING WEALTH TO LONG TERM CARE After retiring and relocating to Hoosierland three years ago to be nearer the grandchildren, you’re looking forward to (hopefully) decades of “aging in place” in your much smaller and now beautifully refurbished and fully paid for Indiana suburban home. While in the course of relocating you had updated […]
#267: Using a reverse mortgage to systematize retirement spending
THE “PAY YOURSELF” RULE OF RETIREMENT SPENDING One of the scariest things about retirement, Donna Fuscaldo admits in a recent Kiplinger piece, is that you stop collecting a regular paycheck. The “Pay Yourself” rule of retirement spending is designed to enable retirees to be proactive instead of reactive with their spending, providing consistency by aligning […]