How Housing Wealth Can Help In Retirement with Steven Sless

Steadfast Care Planning

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Join Kelly and her guest: Steven Sless. Steven is the President of Reverse Mortgage Lending at Primary Residential Mortgage, Inc (PRMI). He educates people on how the strategic and proactive use of housing wealth with a reverse mortgage can offer advanced retirement income strategies, protecting and preserving a retirement portfolio.

Today we’re talking about housing wealth can help you in retirement.
In this episode: what is a reverse mortgage and how it works, who should and should not consider one, what the obligations are when you have one, common misconceptions about them, and how they can be used in a long-term care plan.

Find out more about Steven and PRMI.

For additional information about Kelly, check her out on Linkedin or www.SteadfastAgents.com.
To explore your options for long-term care insurance, click here.
Steadfast Care Planning podcast is made possible by Steadfast Insurance LLC,
Certification in Long Term Care, and AMADA Senior Care Columbus.
Come back next time for more helpful guidance!

Kapitel

1. How Housing Wealth Can Help In Retirement with Steven Sless (00:00:00)

2. Intro (00:00:27)

3. What is a reverse mortgage and how does it work? (00:01:17)

4. 2 types of reverse mortgages (00:02:30)

5. Jumbo reverse mortgages (00:04:09)

6. Who should consider a reverse mortgage? (00:04:39)

7. Who should not consider a reverse mortgage? (00:05:49)

8. What obligations are there with a reverse mortgage? (00:08:15)

9. What happens to the home after you die when you have a reverse mortgage? (00:10:03)

10. CLTC commercial (00:11:33)

11. Other misconceptions about reverse mortgages (00:12:04)

12. Right fit - plan ahead (00:13:50)

13. Retirement crises (00:14:35)

14. Home equity to pay for LTC (00:15:41)

15. Outro (00:19:42)