In the early days, reverse mortgages were generally treated
as a last resort option after other resources were depleted, or as a way to
obtain quick access to a large lump-sum of assets. This is not the appropriate
way to think about reverse mortgages in a retirement income plan, especially in
light of recent research. The reverse mortgage option should be viewed as a
method for responsible retirees to create liquidity for an otherwise illiquid
asset, which in turn can create new options that potentially support a more
efficient retirement income strategy (more spending and/or a greater legacy).
Join Dr. Wade Pfau for a special overview of retirement
income planning, which sets the context for understanding the potential role of
reverse mortgages. This webinar will explain the basics for how reverse
mortgages work, and also provide an overview of potential uses for a reverse
mortgage in a retirement income plan.
Learning Objectives:
- Identify how a reverse mortgage works
- Address how reverse mortgages can contribute to a risk management
strategy for retirement
- Understand the mechanisms whereby reverse mortgages can
coordinate with retirement spending from investments
Please Note: One CE credit will be provided for CFP, RICP,
CLU, ChFC, and CFFP/Kaplan designations.