Planet Boomerville For Baby Boomers With Jim Enright

As Garcia and Hunter wrote, “when life looks like easy street, there is danger at your door.” A HECM could be an off setting factor for your upcoming unknowns of 20-30+ years away. Be sure to listen to episodes 9 and 10 of this series which are the foundational basics. If you are 62 or approaching, a Reverse Mortgage, or HECM (Home Equity Credit Mortgage), is the revised financial tool that you owe it to yourself and spouse to review carefully as you would any investment or insurance policy. In the wild west days of HECM’s, they could be harmful and not a good decision. Today, they are highly regulated with protections and disclosures to protect you. Dr. Wade Pfau and Shelley Giordano, have written about the benefits of incorporating a HECM for a financially successful retirement. As I have been thinking through a HECM, it appears a prudent tool when considering what may happen during the next 20+ years when my now stellar vision of life may become a bit clouded. Approximate Show Notes 3:00 - A refinance str