In this episode, we're thrilled to have Tim Kennedy join us to share his expertise in reverse mortgages and home equity. As a recognized authority, Tim illuminates the intersection of mortgage planning and insurance needs, focusing on reverse mortgages and lines of credit.
We dive into the critical topic of long term care, discussing recent legislative changes and their implications. With a focus on the five Ls—Longevity, Liquidity, Lifestyle, Legacy, and Long-term care—we explore how these elements are fundamental in planning for the future.
Tim's insights into utilizing home equity as a strategic asset for addressing long-term care needs provide a new perspective on preparing for life's uncertainties. We also touch upon the challenges and emotional aspects of family caregiving, highlighting the importance of having a comprehensive plan in place.
Tune in every Friday at 3 PM EST on 103.9 L.I. News Radio for "The Main Street Code for Financial Success," hosted by Neil Himmelstein of Main Street Planning Group. Catch our episodes on YouTube, Spotify, & Apple Podcasts, and visit www.themainstreetcode.com for more insights.