Webcast: Taking A Fresh Look At Reverse Mortgages (XATFLR17)
Register Tell a Friend About This EventTell a Friend
 

For most of their history, reverse mortgages have been rather unpopular with financial planners, due both to their relatively high costs, and the fact that they are typically viewed as a resource or tool of last resort. Yet the reality is that use of reverse mortgages has exploded over the past decade, aided more recently by a newer, lower cost option, and several recent research articles in the Journal of Financial Planning have shown ways that reverse mortgages can be used proactively to enhan

 Export to Your Calendar 7/19/2017
When: 07/19/2017
12:00 PM until 2:00 PM
Where: Webcast
AICPA
1370445:A10744F54F174A70797607A4FD1F57A5
United States
Presenter: Michael Kitces


Online registration is available until: 7/17/2017
« Go to Upcoming Event List  

Acronym XATFLR17
CPE 2 hours
Vendor AICPA
Category
Management
Level Intermediate
Prerequisite Basic knowledge of tax compliance and planning concepts
Adv Prep None
Yellow Book? No
Designed for
Registration
Member $99
CPA Non-Member $129

The Member rate applies to LCPA members, other state society members, and non-CPA staff of LCPA members. To register online, use the ‘Register’ button above. To register by phone, call the LCPA Member Service Center at 800.288.5272 or 504.464.1040, Monday through Friday, 8am to 5pm.

Course Description

For most of their history, reverse mortgages have been rather unpopular with financial planners, due both to their relatively high costs, and the fact that they are typically viewed as a resource or tool of last resort. Yet the reality is that use of reverse mortgages has exploded over the past decade, aided more recently by a newer, lower cost option, and several recent research articles in the Journal of Financial Planning have shown ways that reverse mortgages can be used proactively to enhance retirement income sustainability. In this presentation, we review the technical mechanics of HECM reverse mortgage loans, the costs involved, the emerging reverse mortgage strategies and applications that should be considered for clients, and the caveats and concerns that remain.

Objectives

  • Discuss the requirements for someone to be able to use a reverse mortgage.
  • Understand how a reverse mortgage works and list the various “triggering events”.
  • Explain the costs associated with a reverse mortgage.
  • Describe the tax treatment of reverse mortgages.
  • Discuss when a reverse mortgage may a good idea and when it may not be ideal.
  • Identify the caveats and concerns of reverse mortgages