July 25, 2024

Reverse Mortgages: Myths, Facts, and Financial Benefits (Ep. 50)

51 minutes

Is your retirement income plan missing a key component?

In this insightful episode of Maximizing Outcomes®, host Jim McGovern and Don Graves, President of the Housing Wealth Institute, discuss leveraging home equity through reverse mortgages to enhance retirement outcomes. Gain actionable insights, dispel myths, and discover how this financial tool can redefine your retirement strategy.

Key Highlights:

Understanding Reverse Mortgages: Learn how they work, dispel myths, and uncover their benefits

Professional Insights: Hear Don Graves’ journey from skepticism to advocacy and how home equity can be used strategically

Comprehensive Planning: Explore the “true liquidity bucket” concept and smart ways to use all assets for optimal outcomes

Strategic Uses: Discover how reverse mortgages can supplement Social Security, delay benefits for higher payouts, and manage tax burdens

Key Criteria: Understand the determinants of reverse mortgages: spouse’s age, home value, and interest rates

Financial Stability: Learn how a reverse mortgage line of credit offers a reliable buffer during market downturns

Debunking Myths: Clarify misconceptions about ownership and debt repayment limits

And much more!

Connect with McGovern Wealth Group:

[email protected]

Schedule A Meeting

McGovern Wealth Group

LinkedIn: Jim McGovern

Facebook: Jim McGovern

Connect with Don Graves:

LinkedIn: Don Graves, RICP®, CLTC®, CSA

Website: HECMAdvisorsGroup.com

Website: HousingWealthInstitute.com

Website: HousingWealthMasterClass.com

Website: AskDonGaves.com

About our Guest:

Don Graves, RICP®, CLTC®, CSA® Certified Senior Advisor, is the President and Founder of the Housing Wealth Institute, and a leading educator in the field of retirement income planning. He has authored three books and serves as an Instructor of Retirement Income at The American College of Financial Services. Recognized as one of the top retirement income leaders by the American College, Don has contributed to over 20,000 advisor/client engagements, distilling his extensive experience into practical, implementable strategies.

His book, Housing Wealth: 3 Ways the New Reverse Mortgage Is Changing Retirement Income Conversations, reached the Amazon #1 spot for New Releases in Financial Services. Don’s expertise has been featured in Forbes Magazine and PBS-sponsored shows. As a Retirement Income Certified Professional (RICP®), Long Term Care Specialist (CLTC®), and Certified Senior Advisor (CSA®), Don brings a unique perspective on integrating housing wealth into retirement planning. He is also a Business Development Manager at Mutual of Omaha Reverse Mortgage, and his workshops are highly sought after by advisors nationwide.

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