Planet Boomerville For Baby Boomers With Jim Enright

I’ll be the first to admit that as a lender, I have given little respect to HECM’s, until this point. The Reverse Mortgage Home Equity Conversion Mortgage (HECM) deserves a thoughtful review as part of your long term planning, and, protection of your spouse or significant other, even if you don’t think you need it. You will find the part on using a HECM to purchase a home most interesting.  Practical application of HECM line of credit. 1:40 Dr. Wade Pfau - wrote that a HECM line of credit early in retirement will be a hedge against housing values and will allow you to not drawdown on your portfolio during down markets. 3:20- HECM’s with Monte Carlo simulations show sustainable lifetime income. 4:00 - The story of two brothers - in a down market, one drew on his portfolio, the other on his HECM, and the surprising results. 6:45 - Dr. Barry Sachs - 8:10- Using a HECM for peace of mind. 8:45- Using a HECM for investing. 10:15- Outside of the box use for HECM refinance Comparing a traditional 30 year mortgage