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Tim Jackson

Tuesday, June 04, 2019 | 12:00 PM — 1:00 PM EDT

Planning Ideas for House Rich, Cash Poor Clients

Presented by:
Tim Jackson

Head of Financial Planner Education and Support at Reverse Mortgage Funding LLC

Are you interested in ideas for clients who are house rich and cash poor? Join Tim Jackson for a free webinar to learn more about Reverse Mortgage Funding’s new proprietary product solution, Equity Elite, that can help clients who have millions in home equity and yet are cash poor in retirement.

Tim will share strategies for these clients that can help them avoid capital gains, lower their taxes, eliminate their mortgage payments and possibly provide income-tax-free funds*—all while staying in their home†.

Consider this scenario: A 72-year-old client with a $3 million home can access $1,057,708‡ in income-tax-free* funds using RMF’s Equity Elite Reverse Mortgage§. Even if the client has a mortgage of $600,000, they could use Equity Elite to pay off the mortgage and use the remaining $457,708‡ funds to meet their living expenses in retirement.

Please Note: One CE credit will be provided for CFP, RICP, CLU, ChFC, and CFFP/Kaplan designations.

*Not tax advice. Consult a tax professional.

†As with any mortgage, the borrower must meet their loan obligations, which includes keeping current with property taxes, homeowners insurance, and keeping their home in good condition.

‡Shown for illustrative purposes only. Loan amounts vary and are based on multiple factors. Please contact Reverse Mortgage Funding LLC (RMF) for details.

§Equity Elite currently is available only for eligible properties in select states. Please contact your loan originator to see if it is currently available in your state.

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Have YOU read the book that EVERY retirement researcher is talking about?

Get your FREE copy of Dr. Wade Pfau's New eBook now!


Dr. Pfau's detailed analysis of reverse mortgages emphasizes:

  • That all advisors need to take a fresh look!
  • Starting a credit line early! 
  • That the strategic use can improve retirement income efficiency + create a larger legacy!
  • That a reverse mortgage shouldn't be a last resort!

The second edition is now fully updated for the HUD rule changes that went into effect on October 2, 2017.

 

GET eBook NOW

 

Get your free copy of the 2019 Social Security Q&A Guide!

The guide includes all of the 2019 adjustments for calculating benefits, and provides important information regarding changes to Social Security policies in recent years, and how these laws will affect the strategies your clients can use to maximize benefits in retirement.  

 

DOWNLOAD GUIDE NOW

Options for Moving in Retirement Using the HECM for Purchase

 

   

   By: John Salter, Ph.D., CFP®

   Principal & Wealth Manager at Evensky & Katz / Foldes Financial

   & Associate Professor at Texas Tech University

 

 

Many retirees will choose to move from the large home in which they raised their family into something smaller and more manageable to maintain.  These retirees will be faced with the financial decision of how to best finance their new home.  Traditional financing options exist which include paying cash for the home, or using a traditional mortgage.  One newer, and lesser known option, is the Home Equity Conversion Mortgage (HECM) for Purchase, where the HECM reverse mortgage can be used directly for the purchase of a new home. 

 

To access this white paper, you must be a registered REN user. Login or register now.

Welcome to Retirement Experts Network

Created specifically for financial advisors, this educational platform is brought to you by Reverse Mortgage Funding LLC (RMF). Our purpose is to help you learn more about important retirement issues, so you can add value to your services and maximize your effectiveness. Membership is free, and provides access to valuable resources including on-demand access to past webinar videos, articles from industry experts, and other educational materials — plus much more.

Become a member today, if you haven’t already!

 

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Reverse Mortgage Funding LLC

Retirement Experts Network is an educational platform for financial professionals brought to you by Reverse Mortgage Funding LLC, a reverse mortgage lender.

This site and the information on it (the “Site”) is intended for financial professionals only, and is not intended for use by or distribution to consumers. Consumers should not rely on this site for retirement-planning or other advice and should consult with the appropriate financial professional.

This Site is provided for convenience only, and Reverse Mortgage Funding LLC and its affiliates (“RMF”) make no warranties concerning the accuracy or completeness of any of the information. Information is subject to change without notice, and RMF is under no obligation to provide updated information. Materials or statements made by a third party and located or posted on the Site are those of the third party and do not necessarily reflect the official policy or position of RMF. This is not financial, tax, compliance or legal advice and should not be taken or relied upon as such. Each individual should consult with his/her financial, tax, compliance or legal profession. Some information may contain paid or sponsored content or speakers. Mention of product, process or service shall not be construed as an endorsement or recommendation by RMF.

*This website has not been reviewed, approved, or issued by HUD, FHA, or any government agency. The company is not affi­liated with or acting on behalf of or at the direction of HUD/FHA or any other government agency.

†Not tax advice. Consult a tax professional.

RMF is not licensed or registered to engage in mortgage loan origination activities in Hawaii or New York.

© 2019 Reverse Mortgage Funding LLC, 1455 Broad St., 2nd Floor, Bloomfield, NJ 07003, 1-888-494-0882.
Company NMLS ID # 1019941. NMLS Consumer Access: www.nmlsconsumeraccess.org/EntityDetails.aspx/COMPANY/1019941
Not all products and options are available in all states. Terms subject to change without notice. Certain conditions and fees apply. This is not a loan commitment. All loans subject to approval.

Please click here for full Reverse Mortgage Funding state licensing.         Where we lend         Terms of Use         Privacy

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