You Bet Your Life - Retirement Planning - HECMWorld.com Skip to content
Advertisement

You Bet Your Life – Retirement Planning

Advertisement

[ad#Independence Housing Group]
[vimeo id=”39503447″ width=”625″ height=”352″]

The Financial Risks Of Retirees

The Financial Risks Of Retirees

There are two ways American retirees literally bet their lives. One is waiting too long to get a reverse mortgage. Watch the video and see what other way retirees bet on their own lives.

Share:

Leave a Comment

9 Comments

  1. Good insights with probabilities with regards to future life and interest rate expectancy. I attempt to educate my clients accordingly.

  2. Great video would like to be able to send via email to potential clients.

    • Thank you Jim. Feel free to forward them the link to this post.

  3. Shannon: it really comes down to an old adage: A bird in the hand is worth two in the bush.

  4. Would be nice if we could get some national publications to pick up on that story.
    If we say it, we are perceived as ‘twisting arms’.

  5. One other problem is the death benefit payout to a spouse if one dies prior to electing social security.

    • Excellent point, much like survivor payouts for pensions. The surviving spouse usually gets the equivalent of the larger social security payment losing the smaller one… a risk indeed.

  6. It is outrageous that some in our industry blindly recommend this terrible idea to seniors. Few have an expertise in Social Security benefits.

    Not even all CFPs are knowledgeable on this point. This one of the biggest decisions seniors make. For more affluent seniors, Social Security can have a pre-tax value of over $1,000,000.

    I fully support the idea that those over 60 should know the ins and outs of Social Security benefits and what course of action is best suited for them. Dollars invested in obtaining advice from someone who is competent and experienced in this field could be the wisest investment some seniors make.


Add a Comment

Your email address will not be published. Required fields are marked *

Advertisement
Advertisement
Grow your network of financial professionals with quality pre-set appointments

Recent Stories

Topics

Subscribe to join our World

Get the latest reverse mortgage news delivered straight to your inbox.