The Money and Meaning Show

Unpacking Reverse Mortgages: Myths, Benefits, and Strategic Uses with Gabrielle Welter

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In this episode of Money & Meaning, host Jeff Bernier speaks with Gabrielle Welter, a retirement solutions manager at Finance of America. They explore the topic of reverse mortgages, dispelling common myths and misconceptions. Gabrielle explains how these financial tools can provide stability and peace of mind for retirees, addressing key challenges like healthcare costs and market volatility. The discussion delves into the specifics of Home Equity Conversion Mortgages (HECMs), including their benefits, costs, and strategic uses in retirement planning.

Topics Covered:

  • Introduction to reverse mortgages and common misconceptions
  • Gabrielle Welter's background and career journey
  • The evolution and safety measures of reverse mortgages
  • Strategic uses of HECMs in retirement planning
  • The financial and psychological benefits of reverse mortgages
  • Differences between HECMs and traditional mortgages
  • Suitability and scenarios for using reverse mortgages
  • Costs and insurance protection associated with HECMs
  • Resources for further information on reverse mortgages

    • Useful Links:

    • Jeff Bernier on LinkedIn
  • Gabrielle Welter on LinkedIn
  • Finance of America
  • TandemGrowth Financial Advisors
    • ...more
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