Shifting Into Reverse Blog
#239: Using a reverse mortgage as a rebalancing tool
KEEPING HOUSING AND INVESTMENT WEALTH IN THE BALANCE Following your retirement (yours six years ago, your husband’s a year later), you used a little over half your reverse mortgage line of credit to “outfit” your home for the long haul of “aging in place”. With that big project completed, you have not found the need […]
#238: Using a reverse mortgage funding to enhance your legacy
STEPPING UP YOUR LEGACY While your intention is to continue living at home for the rest of your days on Earth (your husband died almost eight years ago), you realize that, with both your children living in other states, neither is going to want to inherit the house, beautiful as it is, once your own […]
#237: Using a reverse mortgage to finance a “build”
SMOOTHENING THE MOVE FROM OLD TO NEW With both of you now in your in your mid-seventies, you’ve decided it’s time to move out of your three-story home with elaborate landscaping, into something more appropriate to what the AARP likes to call “aging in place.” You have been contemplating building a home that is more […]
#236: Using a reverse mortgage to avoid portfolio drawdown
HELPING WOULD-BE SNOWBIRDS STAY PUT – IN BOTH HOME +PORTFOLIO Recent political and stock market volatility seems to have combined, throwing many of your clients “for a loop”. One retired couple in particular – (for the sake of confidentiality, you refer to them as “Jack and Jill”), are worried that, not only is their portfolio […]
#235: Using a reverse mortgage to finance a winter home
STAYING PUT WHILE AVOIDING INDIANA WINTERS A year or two ago, you had come to the decision to remain in your home rather than relocating to a nearby retirement community. However, while even the crazy weather variations of this past Indiana winter have not changed your minds about moving, you have been giving thought to […]
#234: Using a reverse mortgage to cope with early retirement portfolio erosion
SHORING UP THE SEQUENCE OF RETURNS In your very first year of retirement, you found the recent wild fluctuations in the investment markets downright terrifying. While you have never been a “Nervous Nellie” when it comes to your portfolio, having put money into your investment portfolio for as long as you can remember through all […]
#233: Reverse mortgage/ insurance combine to protect next-gen home ownership
AGE-IN-PLACE-THEN-BEQUEATH HOME OWNERSHIP PLAN After sharing with your son, daughter, and daughter-in- law your plan to remodel your home with an eye to “staying put” (as opposed to moving into a retirement facility as your daughter-in-law’s parents have recently done), your daughter (single and living nearby) surprised you by expressing an interest in someday inheriting […]
#232: Housing wealth is a good topic of multigenerational planning
KEY CONVERSATION TOPIC — WHAT-WILL-HAPPEN-WITH-THE-HOUSE? After much, much thought and back-and-forth conversations with each other, the two of you decided you definitely want to live out your lives in the home you’ve owned and lovingly cared for during the entire time of your marriage. True, there have been a few health challenges, but basically (you’re […]
#231: Using housing wealth as a fixed income source
STEADYING THE INCOME STREAM THROUGH HOUSING WEALTH As a widower now into your tenth year of retirement, you have felt able to manage your financial affairs, making calm decisions about investments and lifestyle choices. Given the recent market drop, you realize you would like to be experiencing a higher degree of ‘certainty”. Your home is […]