Incorporating the Housing Asset in Retirement Income Planning
Overall Rating: 4.7 / 5
For middle-income retirees, home equity is the largest asset they have after the present value of their Social Security and pension benefits (working in retirement is 3rd; retirement savings is 4th).
In a time when lifetime income sources such as pensions and Social Security benefits are declining, accessing home equity will become more important as people live longer and face increasing health care costs.
Reverse mortgages offer a mechanism for tapping home equity for retirees to address these needs, allowing them to stay in their home or “right-size”. Because of key changes made to reverse mortgages by the Federal Housing Administration to the Home Equity Conversion Mortgage program, the safety and functionality of accessing home equity now goes beyond supplementing retirement income.
In addition, several large broker dealers have also recently removed their sanctions against discussing the mobilization of the housing asset to aid retirement resilience.
In "Incorporating the Housing Asset in Retirement Income Planning" by Shelley Giordano, you will learn:
- What share of total wealth is represented by the housing asset;
- How reverse mortgages have evolved to meet your client’s need for safety and sustainability;
- Strategies that amplify coordination of retirement assets;
- How to calculate monetization of the housing asset quickly.
This on-demand webinar is a recording of a recent live webinar. Check our WEEKLY REBROADCAST SCHEDULE where there is no need to take the online quiz to receive CE. You may also take this on-demand course any time for 1 hr CFP®, CRC®, and other Continuing Education Credit when you pass the online quiz.
Your presenter is Shelley Giordano, MA, Enterprise Integration Mutual of Omaha Mortgage, Founder Academy Home Equity Financial Planning University of Illinois.
Meet Shelley Giordano, Reverse Mortgage Expert
Retirement planning experience
Shelley’s background in reverse mortgage lending is diverse and includes origination, sales management, and industry leadership. She read a very early article written by Barry Sacks, PhD, JD , in 2005, and since then has advocated for the protective power of housing wealth in the retirement distribution phase.
Shelley supports the conservative, proactive use of housing wealth. She also promotes responsible lending principles.
As head of Mutual of Omaha Mortgage’s Enterprise Integration and Founder of the Academy Home Equity Financial Planning University of Illinois, she strives for collaboration among thought leaders in academia, regulatory agencies and financial services firms that are investigating the proper role of housing wealth in retirement.
Retirement planning thought leadership and expertise
Shelley strives for the right of the American retiree to have access to accurate information on how reverse mortgage lending works, and how much it costs. Her years in the industry have proven that product innovation is not necessarily in the best long-term interests of the consumer or the taxpayer. Because the US Government is the ultimate backstop for the HECM, she does not support product innovation at the expense of the taxpayer. Most importantly, Shelley is devoted to helping retirees, especially Baby Boomers, understand that housing wealth may contribute to a financially secure retirement.
Invest in Your Retirement Expertise.
1 hr CFP®, CRC®, and other CE Credit Reporting
We are a CE Sponsor with the CFP Board of Standards and the professional development partner of the International Foundation for Retirement Education (InFRE).
Over 50 courses are accepted for continuing education (CE) credit for those who have earned the Certified Financial Planner® (CFP®) certification, the International Foundation for Retirement Education’s (InFRE) Certified Retirement Counselor® (CRC®) certification, the College for Financial Planning’s Chartered Retirement Plan Consultant (CRPC) certification, the American College’s designations (ChFC, CLU, RICP), Retirement Management Analyst designation (RMA), ASPPA and other certification or designations.
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