Many of us have assumed that a reverse mortgage is for the so called “down and out” folks who have depleted all assets but their home. Nothing could be further from the truth. This session is not a “nuts and bolts” about how a reverse mortgage works, but an interactive discussion about actual case studies. We will cover examples moderate to very wealthy clients who have benefited from using a reverse mortgage. Themes illustrated by these case studies include:
Ø Reduce Taxable Estate
Ø Maintain market traction/portfolio balances
Ø Reduce debt service for multi-million dollar mortgage
Ø Retire sooner
Ø Improve Portfolio Risk Profile
Objective: Understand reverse mortgages as just another way to access capital and, therefore, one more option in your array of financial tools.
Presenter: John Helgeson
Mr. Helgeson brings 15 years of financial planning experience with seniors to the reverse mortgage arena. Most recently a Director of Planned Giving at the University of Southern California, and previously at Whittier College and The Webb Schools, John has worked for years with clients and their advisors to develop gift and tax plans. His experience and understanding of the financial challenges faced by many seniors gives us a unique window into using reverse mortgages.
