Shifting Into Reverse Blog
#97 Using a reverse mortgage to fund a home-based business
USING HOUSING WEALTH TO FUND A FRANCHISE August 16th, 2022 After four decades as a kindergarten teacher, you retired just as the pandemic was getting underway. With your pension, investments, and Social Security allowing you to cover expenses with some luxuries added, you are now considering ways to raise your standard of living without re-entering […]
#96 Using a reverse mortgage to fund energy-efficiency home remodeling
A NEW “WINDOW” ON RETIREMENT PLANNING – IN REVERSE! Once having made the decision to spend your retirement years in your present home, you realized that everyday cost savings are going to be key to your budgetary survival over the next two to three decades. You briefly explored solar paneling, but for a number of […]
#95 Using a reverse mortgage to fund interim health insurance coverage
FROM HERE TO MEDICARE, REVERSE MORTGAGE EASES THE WAIT August 2nd, 2022 For a variety of reasons, the two of you have made the monumental decision to retire from your careers at the end of the next calendar year. The frustrations and issues have begun to outweigh the motivation to keep working, and, with your […]
#94 Using a reverse mortgage as insurance against Social Security cuts
REVERSE MORTGAGE – INSURANCE AGAINST SOCIAL SECURITY CUTS July 26th, 2022 Two years into what you’ve dubbed Retirement Stage One (the first six to seven years when you do your long-planned European and South America biking and hiking vacation trips while still keeping up some income flow through part time work), you’ve become concerned about […]
#93 Financing a big home makeover with a reverse mortgage line
TO DEAL WITH REVERSALS OF FORTUNE, THINK REVERSE MORTGAGE July 19th, 2022 While the two of you had long ago made clear that your children were expected to manage their own affairs once they’d graduated and left the nest, life has not followed the expected pattern. Because of some mental health issues, one of your […]
#92 Tapping housing wealth, not portfolio
APPROACHING NEW HOME PURCHASE IN REVERSE July 12th, 2022 At a recent social gathering, friends of yours mentioned that they’d narrowly succeeded in winning the bid for their new home only because they’d been able to make a cash offer. The only way they’d been able to raise that cash before selling their prior home, […]
#91 Estate & Income Tax Planning – The Forgotten Strategy of a Reverse Mortgage & Roth Conversion
Estate & Income Tax Planning – The Forgotten Strategy of a Reverse Mortgage & Roth Conversion Home prices have recently reached historic highs in the United States with the median home sales price increasing to over $400,000.00. Many homes have over $1,000,000 of equity built up over the years. This provides for excellent opportunity to […]
#90 “Even newer need” reverse mortgage guidance for financial advisors
NOT THEIR FATHERS’ “NEEDS-BASED” NEEDS June 28th, 2022 “Get ready to discard old notions of who a needs-based borrower really is,” comments blogger Shannon Hicks, explaining that house-rich, very cash-poor retirees used to be the ones who turned to reverse mortgages, making ends meet by eliminating their monthly mortgage payment. In contrast, today’s retirees, she […]
#89 A reverse mortgage can finance retirement living right at home
READY TO RETIRE IN A FIRST HOME … June 21st, 2022 The two of you have always done things just a little bit differently. While most of your friends have owned homes, with some now relocating to retirement communities, you’ve always rented, moving from place to place to accommodate various long-term corporate consulting assignments. Now, […]