Are you interested in learning more about reverse mortgages? This video from American Advisors Group (AAG) describes what a reverse mortgage is and how it can be beneficial to you or a loved one.
Category Archives: Resources
How to Recession-proof Your Retirement Have a Mortgage and are age 62+? Consider a Reverse Mortgage
February 16, 2020
Economists Are Gloomy!? Many feel a recession is coming.
Wharton Business School’s Olivia S Mitchell recently addressed the challenges of retirement, especially for retirees. Key steps: First, “try to put together a summary budget” and “make sure you have an emergency fund.”
Academy member Tom Davison discusses the benefits of reverse mortgages for retirees and the various ways they are beneficial for consumers.
Find the full article here.
What To Know Before Getting A Reverse Mortgage

Written by Richard Eisenberg on November 25, 2019.
This Forbes article highlights the most important things to know before getting a reverse mortgage; including knowing the obligation of the mortgage and be aware of the fees associated with HECM loans.
Find the full article here.
Lifetime Income for Women: A Financial Economist’s Perspective
Written by David F. Babbel
Published by Wharton Financial Institutions Center Policy Brief: Personal Finance
Her First Job at 66
Last December, I was attending a large sporting event in Philadelphia and sat next to an engaging couple. The woman had never worked outside the home, having been occupied with rearing eight children — a “his, hers and ours” type of situation. Her husband had been educated at one of America’s finest universities, had completed a very successful career, and then retired three years earlier from a well-paying profession. When the man and woman learned that I was a finance and insurance professor, the conversation turned quickly to financial matters.
They informed me that the defined benefit pension plan of the firm from which the man had retired had been discontinued and re-opened as a defined contribution 401(k) retirement savings plan. Under such plans, the investment risk is transferred from the employer and government entirely to the employees and retirees. This meant that instead of receiving a comfortable monthly income throughout the rest of their retirement, they received a lump sum of cash that they could elect to place in a menu of mutual funds, or withdraw all the cash, and use it however they desired. The man seemed to be quite concerned about their financial future, and suffered from several degenerative ailments. We discussed the treatment
options and prognosis, which were not hopeful.
If you are interested in the full article, download the article down below:
“Live Well Without Running Out of Money in Retirement”
By Eileen Ambrose and Sandra Block on August 29, 2019

“These money-generating tactics will help retirement savers enjoy their Golden Years without stressing over cash.”
Check out this article with the Academy’s very own Shelley Giordano here!
Exploring the Retirement Consumption Puzzle
by David Blanchett, CFP®, CFA

Wanting to learn more about consumer spending in retirement? This article discusses the following topics:
- Empirical research on retiree spending has noted a “retirement consumption puzzle,” where retiree expenditures tend to decrease both upon and during retirement. This decrease in spending is inconsistent with general economic theories on consumption, which suggest individuals seek to maintain constant consumption over their lifetimes.
- Government data on consumption was analyzed in this study to understand how retiree consumption actually changes over time.
- The results of the analysis suggest that although the retiree consumption basket is likely to increase at a rate that is faster than general inflation, actual retiree spending tends to decline in retirement in real terms. This decrease in real consumption averages approximately 1 percent per year during retirement.
- A “retirement spending smile” effect is noted. This finding has important implications when estimating retirement withdrawal rates and determining optimal spending strategies.
What’s the Deal With Reverse Mortgages? Second Edition by Shelley Giordano, MA
As we enter retirements, the change in lifestyle is an inevitable challenge for almost every retirees. How can you preserve your lifestyle without steady income streams? How to utilize your existed assets to support your retirement? To answer these questions and offer more advice, Shelley Giordano launched “What’s The Deal With Reverse Mortgages” second edition on Kindle. Learn more about the retirement assets folks don’t know they have.
Propriety Reverse Mortgage Products Could Eclipse FHA’s HECM Program in 2019
Written by Jamie Hopkins on July 2, 2019

The reverse mortgage market world heads in reverse away from the government created Home Equity Conversion Mortgage (HECM) and towards new propriety products. This is an encouraging sign because any healthy market needs competition, innovation, and variety. However, recently HECM program has been the driving force behind the reverse mortgage world, leaving many without an ideal solution to utilizing home equity as part of a sustainable retirement plan.
The article can be found here.
Cracking the Retirement Code with Curtis Cloke

Webinar with NAIFA and Curtis Cloke on July 18, 2019.
Join Curtis Cloke, Academy of Home Equity member and award-winning international speaker, educator and author for this exciting event focusing on methods to secure income in retirement! This webinar is put on by NAIFA – Iowa.
This webinar can be found here.
Exclusive Interview at Reverse Focus Weekly with Karin Hill – Part Two
On this weekly news podcast, Reverse Focus Weekly by the HECMWorld, Karin Hill was invited to discuss her current role at the Academy of Home Equity in Financial Planning along with her perspectives regarding the recent HECM reform to both the borrowers and lenders.
Click here to check out Part Two of the exclusive interview with Karin Hill.
