Adding Housing Wealth to a Retirement Plan

5 (1 vote)

Retirement planning has traditionally excluded housing wealth, however, with rapidly appreciating home values, and the need to plan for longer lifespans, more advisors are taking a fresh look at reverse mortgages.

In this session, we will explain how a reverse mortgage works including eligibility, misconceptions, and safeguards. We will then review case studies of using it to supplement asset distribution strategies, manage long-term care risks, facilitate Roth Conversions, delay social security and other tax-deferred distributions, fund legacy strategies, and much more.

Understand what a reverse mortgage is including the products, eligibility, and consumer safeguards.
Review different opportunities how home equity accessed with a Reverse Mortgage can be used to safeguard a retirement plan and better ensure its long-term success.
Learn how leveraging housing wealth with a Reverse Mortgage could increase legacy value.

Competency Level: Intermediate

FPA Competency: Critical Thinking, Client Communication and Care

CFP Board Topic: Advanced, Retirement Savings and Income Planning

CFP Board CE Credit Hours: 1

Stephen J. Resch, CLTC

Vice President Retirement Strategies Division

Finance of America

Steve Resch, CLTC, is Vice President of Retirement Strategies for Finance of America Reverse, where he leads education and training programs for financial professionals. Steve is also an investment advisor, partner in a wealth management firm, and designer of ""The Reverse Illustrator,"" a proprietary program that graphically displays the flexibility and options that a reverse mortgage can bring to a financial plan. Steve is a subject expert source and frequent speaker at both national and regional professional conferences and has been interviewed by various media outlets including Yahoo Finance, Nasdaq Trade Talks, MarketWatch, Barron's and more.