Brad Pistole hosts Don Graves, a reverse mortgage expert, to discuss how home equity can be a powerful tool in retirement planning. Graves explains that a reverse mortgage is simply a mortgage for retirees, allowing them to access tax-free income from their home’s value without giving up ownership or making mandatory payments. He highlights the growing line of credit feature, which increases over time, providing a flexible financial resource. The conversation dispels common myths, emphasizing that heirs still inherit the home’s equity after the loan is repaid. Graves also explains how using a reverse mortgage strategically—such as during market downturns—can extend retirement savings, reduce taxes, and provide financial security.
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