In this episode, Wade and Alex discuss housing and reverse mortgages. They address the issue of pirated books on Amazon and warn listeners to ensure they are purchasing the legitimate copy of the Retirement Planning Guidebook! They then delve into the topic of using retirement savings for purchasing a house and the potential drawbacks of relying solely on a reverse mortgage. The impact of higher mortgage rates on obtaining a reverse mortgage is also explored, along with the misconceptions surrounding reverse mortgages. The episode concludes with a discussion on the metrics to consider when implementing a reverse mortgage. Listen now to learn more! 
 
Takeaways
Using retirement savings for purchasing a house may not be a responsible strategy.
Higher mortgage rates can affect the benefits of a reverse mortgage.
There are misconceptions surrounding reverse mortgages.
Metrics such as the ratio of home value to investment portfolio can guide the decision to implement a reverse mortgage.


Chapters

 
00:00 Introduction and Announcement
03:01 Pirated Books on Amazon
05:07 Reverse Mortgage: Using Retirement Savings
08:06 Impact of Mortgage Rates on Reverse Mortgage
16:27 Misconceptions about Reverse Mortgages
22:38 Metrics for Implementing a Reverse Mortgage
26:30 Effect of Higher Mortgage Rates on Reverse Mortgages
28:30 Conclusion

 
Links 
The Retirement Planning Guidebook: 2nd Edition AND Reverse Mortgages has just been updated for 2024! Visit your preferred book retailer or simply click here to order your copy today: https://www.wadepfau.com/books/ 
 
This episode is sponsored by McLean Asset Management. Visit https://www.mcleanam.com/roth/ to download McLean's free eBook, "Is a Roth Conversion Right For You?"