How to Model Reverse Mortgages in Today’s Financial Planning Software
Thursday, July 21, 2022 | 12:00 PM — 1:00 PM EDT
There are numerous uses for reverse mortgages in retirement planning, but many advisors struggle to successfully model the product in their financial planning program. Plus, being unable to visualize the full impact of home equity in a retirement income distribution plan could prevent your clients from using this strategic tool.
Join Christian Mills, Financial Planner Channel Leader at RMF, for a special webinar when he will use today’s leading financial planning software, such as MoneyGuidePro® and eMoney to model reverse mortgages and show their impact on cash flow and probabilities of success. He will also share powerful tools that enable financial planners to add home equity to their older clients’ risk-management strategy planning through reverse mortgage line of credit products – both federally-insured* and proprietary.
Who should attend? Financial planners who understand the basics of reverse mortgages and are open to innovative and tactical ideas for using home equity to improve their clients’ cash flow, create a larger legacy, or mitigate sequence of returns risk.
Upon completion of the program, attendees will be able to:
- Present HECM and proprietary reverse mortgage solutions to clients tailored to their particular circumstances
- Use financial planning software to demonstrate the effects of reverse mortgage funds on an individual client’s financial strategies, using real-time reverse mortgage payment estimates
- Educate older clients on the pros and cons of reverse mortgages and how they can be used in risk and goal management
Please Note: One CE credit will be provided for CFP, RICP, CLU, ChFC, and CFFP/Kaplan designations.
*This material 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.
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