Reverse Mortgages: what Advisors should know (TM)
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The Facts About Reverse Mortgages | LendingTree

The facts about reverse mortgages and how they can help find extra income
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Are Reverse Mortgages on the Comeback Trail?

Will financial planners resuscitate HECMs?
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Fixing the Dysfunctional HECM Reverse Mortgage Market - Knowledge@Wharton

HUD’s HECM reverse mortgage program can benefit a lot of seniors. But only if its dysfunctional features are fixed.
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9 surprising ways to use a reverse mortgage

Reverse mortgages allow homeowners age 62 or older who own their home outright or who have a small mortgage balance to convert the equity in their primary residence into a liquid, tax-free asset. Borrowers can take their money in a lump sum or as a monthly payment, or set up a line of credit. Interest accrues on borrowed funds. Unused lines of credit continue to grow at the same compounded interest rate as the cost of money.
Financial advisers who dismissed reverse mortgages in the past may want to take a second look. Consumer protections have increased and set-up fees have been dramatically reduced. Leading researchers believe reverse mortgages could solve some of the income challenges of retirees who saved too little to finance a retirement that could last decades. Click through to find out the various ways to use a reverse mortgage — some of them may surprise you.
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A Brief History of Reverse Mortgages in the US

Reverse mortgages have a relatively short history in the United States, beginning in a bank in Maine in 1961

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‘Great’ Financial Planners Must Consider Reverse Mortgage Strategies

A competent financial adviser should be able to assist clients with an array of essential investment services that fit their particular needs. And this includes evaluating the potential use of reverse mortgages to produce retirement income, says one financial planning professional.
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How reverse mortgages can help stave off Medicare surcharges

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Consider whether a HECM line of credit can be used instead to supplement taxable distributions to keep a person from going over into the next Medicare surcharge bracket. The flexibility of using a HECM line of credit can also provide other benefits.

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Financial Advisors Need ‘Fresh Look’ at Reverse Mortgages

Reverse mortgages have received an undeserved bad reputation in the past not only among seniors, but financial professionals as well. But as retirees today face longer life expectancies requiring greater financial longevity from their assets, advisers and retirement planners need to open their min...
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Reverse Mortgages: Are Clients 'Willing and Able'?

New financial assessment requirements may make reverse mortgages into a retirement income tool for seniors with significant cash flow and assets.
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"Mass Affluent" Now Tapping Into Reverse Mortgages

When reverse mortgages first entered the marketplace, the perception was that only those people who had no other options for their retirement needed them and pursued them. That perception is starting to change, as wealthier people and financial planners embrace the concept as a tool to strategize with other retirement investments.
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The Boomer Effect: How Will So Many Seniors Get Long-Term Care?

According to Pew Research, more than 10,000 baby boomers are turning age 65 each day in the United States—and this trend related to the largest generation of seniors in history will continue on for the next 15 years.
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Love Them or Loathe Them, Reverse Mortgages Have a Place

As more people enter retirement with modest savings and no private pension, they are going to need some of the equity they have built up in their homes.
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Putting it in reverse, once wary financial advisors warm to reverse mortgages

Some financial advisors now think consumers can improve their financial standing by factoring home equity into a comprehensive retirement income plan.
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New Social Security Rules Play Into Reverse Mortgage Retirement Strengths

Changes to the Social Security program enacted this year are lending credence to reverse mortgages as a viable retirement income planning strategy, according to some retirement experts during a recent webinar.

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How Does the Line Of Credit for a Reverse Mortgage Work?

A Reverse Mortgage’s effective rate is applied not just to the loan balance, but also to the overall principal limit, which grows throughout the duration of the loan. How the effective rate is applied may sound technical, but it is an overwhelmingly important point to understand in order to grasp the value of opening a line of credit as early as possible.

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An Asset Hiding in Plain Site

What do Nobel Laureate and MIT Professor Robert C. Merton, Wade Pfau, Princeton PhD, CFA, Professor of Retirement Income at the American College, John Salter, PhD, CFP, Associate Professor Department of Personal Financial Planning at Texas Tech University, and Barry S. Sacks, MIT PhD, Harvard JD have in common?
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BNY Mellon Embraces Reverse Mortgages for Retirement Planning

The bank is mostly known for high-end clients but this new effort is focused more on the middle class.
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Reverse Mortgage Lenders Are Upbeat About 2016 — And Planners Are Paying Attention

The reverse mortgage industry is optimistic after recent reforms to the Home Equity Conversion Mortgage by the FHA and newfound respect from financial planners.
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Reverse Mortgage for Investment Protection

The media has changed its tone on reverse mortgages in recent months, namely after new laws passed that protect the homeowners and reduce the chance of foreclosure or eviction.

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The reverse mortgage: a financial independence tool fifty years in the making

What do you think of when you hear the word "mortgage?" Lifetime of debt, the illusion of home ownership, paying the bank for your house— do any of those hit home? It's no wonder that when we finish paying off...
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Reverse mortgages have changed over the years. Is it for the better?

Reverse mortgages have changed over the years. Is it for the better? | Reverse Mortgages: what Advisors should know (TM) | Scoop.it
ABC Action News is taking action for your parents all month long. Today we are examining a financial planning tool thousands of baby boomers rely on to supplement their income but are reverse mortgages a good idea?
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How Reverse Mortgages Can Benefit Older Divorcing Women

How Reverse Mortgages Can Benefit Older Divorcing Women

Divorcing later in life is not a new phenomenon, but it is becoming more and more common. Indeed, the increased occurrence of “grey divorce,” as it’s called, has been identified as a significant 21st century divorce trend: Even though the overall divorce rate is actually declining, it’s on the rise among older generations.

Those of us in the business of helping people plan for secure financial futures have long known that grey divorce p
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New Research: Reverse Mortgages, SPIAs and Retirement Income

New Research: Reverse Mortgages, SPIAs and Retirement Income | Reverse Mortgages: what Advisors should know (TM) | Scoop.it
Retirees need longevity protection and additional funds. Annuities and reverse mortgages can meet those needs. While annuities have been researched extensively, reverse mortgages haven't received as much attention. We need research on how to fit these two products together in overall retirement plans. I'll launch that effort here.
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