Season 7 / Episode 8

Unpacking Reverse Mortgages: Myths, Benefits, and Strategic Uses with Gabrielle Welter

In this episode of The Money & Meaning Show, host Jeff Bernier sits down with Gabrielle Welter, a retirement solutions manager at Finance of America. They dive into the world of reverse mortgages, clearing up common myths and misconceptions. Gabrielle explains how these financial tools can offer stability and peace of mind for retirees, addressing challenges like healthcare costs and market volatility. They also explore the FHA’s reverse mortgage program, Home Equity Conversion Mortgages (HECMs), covering their benefits, costs, and strategic uses in retirement planning.

Topics Covered:

🔍 Introduction to reverse mortgages and common misconceptions
🔄 The evolution and safety measures of reverse mortgages
📈 Strategic uses of HECMs in retirement planning
💵 The financial and psychological benefits of reverse mortgages
🏠 Differences between HECMs and traditional mortgages
🔍 Suitability and scenarios for using reverse mortgages
💰 Costs and insurance protection associated with HECMs
📚 Resources for further information on reverse mortgages

Useful Links:
🔗 Jeff Bernier on LinkedIn
🔗 Gabrielle Welter on LinkedIn
🔗 Finance of America

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We’d love to hear your ideas on topics you’d like covered in future episodes! Please feel free to email: moneyandmeaning@tandemgrowth.com.