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In 2019 Robert Powell, editor of Retirement Daily, interviewed Steve Resch, VP – Retirement Strategies for Finance of America Reverse. Mr. Resch is also a financial planner for 25 years and has been using reverse mortgages with his clients in his financial planning business for 15 years.
In this 9-minute interview, he discusses using home equity to mitigate and manage risks during retirement. He says, “Anything that is going to disrupt or interrupt a planned 30 year retirement period can be mitigated by incorporating home equity in the planning process”.
Some examples of risks that are discussed are:
- Sequence of returns
- Long-term care expenditures
- Unexpected expenses
They also discuss reverse mortgage requirements and uses for reverse mortgages.
This is a good, brief interview that may give you some ideas you hadn’t considered when thinking about reverse mortgages.
You can watch the video below.