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by Daniel J Turner NMLS#1016716; Geneva Financial LLC NMLS#42056 Copyright 2020 Daniel J Turner. All rights reserved. I was out walking with my lovely Wife and our dogs this morning, and I began dwelling on a number of “moving parts” involving economics, reverse mortgages, and a couple of recent impressions. Specifically, how would Federal Reserve…

Reverse For Purchase-An “Informed” Way of thinking about Your Retirement” by Daniel J Turner-NMLS#1016716; Geneva Financial-LLC NMLS#42056 Copyright 2020 Daniel J Turner-All rights reserved. Often, “retirement” means “change” (particularly) when it comes to the conversation of “where to live”…Whether it’s in a different home more suited to your new lifestyle in another neighborhood, or even…

“Reverse Mortgages & Aging In-Home” by Daniel J Turner NMLS#1016716; Geneva Financial LLC NMLS#42056 Copyright 2020 Daniel J Turner. All rights reserved.   By this point, we’ve addressed almost all of the objections offered by the financial planning “profession”. We’ve covered the “high fees” argument, The “lose your home” and “eats all your equity” arguments,…

“Reverse Mortgage Product Choice”-A Planner’s Primer for Correct Perspectives by Daniel J Turner NMLS#1016716; Geneva Financial LLC NMLS#42056 Copyright Daniel J Turner 2020 All rights reserved.   Many Financial Planners have recently started considering the use of Home Equity in the Retirement Planning process. It makes good sense since we know that 95%+ of retirees…

Using a Reverse HELOC vs. Immediate Annuity To Guarantee Monthly Life Income” by Daniel J Turner NMLS#1016716; Geneva Financial LLC NMLS#42056   RETIREMENT INCOME PLANNING STRATEGIES There are several strategies available in Retirement Income Planning to create a base income for retirement. This “base” income needs to be able to cover essential expenses like insurances, taxes,…

Under a relatively new concept in Planning called “Utility”, the Reverse mortgage HELOC comes in as a crowd-pleaser. “Utility” is best described as “how much pleasure/happiness is achieved by providing additional spending AND how much dissatisfaction/concern is created if things go wrong and cutting back on spending becomes necessary.” Conceptually, a utility function takes into…

by Daniel J. Turner NMLS#1016716; Geneva Financial LLC NMLS#42056 Copyright 2020 All rights reserved. Use by written authorization only.   Early in the Flooring Approach it is important for the Planner to hint/urge/suggest/direct the Client(s) to establish a Reverse Mortgage HELOC. (Of course) your idiots in your B/D “Compliance” department won’t like it, but candidly?…

HECM LOC  No monthly mortgage payments from you. * Borrowers are responsible for paying property taxes, homeowner’s insurance, and for home maintenance. HELOCPrincipal and interest must typically be paid monthly. LOC Growth LOC allows unused line of credit to grow at the same rate the borrower is paying on the used credit, thus the line of…

“Strategic Retirement Tax Planning With a Reverse Mortgage” by Daniel J Turner NMLS#1016716; Geneva Financial LLC NMLS#42056 Copyright 2020 All rights reserved. Use by written authorization only.   What comes to mind when you read a title to an article stating “Strategic Tax Planning With a Reverse Mortgage”? Hopefully, a nice, clean, white canvass that…

“The FHA HECM HELOC As A Mortgage Payoff Tool” By Daniel J. Turner, NMLS#1016716; & Geneva Financial, LLC #42056 Copyright 2020 All rights reserved. Use by written authorization only.     A common rationale used by Senior Citizens to avoid using a Reverse HELOC is their desire to pay off the mortgage on their home.…