Past Webinar: Watch on Demand

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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