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Navigating Retirement Challenges: CHIP Reverse Mortgages Explained
Manage episode 419423870 series 3530823
Nội dung được cung cấp bởi Saijal Patel. Tất cả nội dung podcast bao gồm các tập, đồ họa và mô tả podcast đều được Saijal Patel hoặc đối tác nền tảng podcast của họ tải lên và cung cấp trực tiếp. Nếu bạn cho rằng ai đó đang sử dụng tác phẩm có bản quyền của bạn mà không có sự cho phép của bạn, bạn có thể làm theo quy trình được nêu ở đây https://vi.player.fm/legal.
Join us on Strictly Money as we tackle the pressing issue of the retirement crisis with expert insights from Jeff Thorsteinson, Vice President of Wealth Distribution at HomeEquity Bank and is a 25 year veteran of the wealth management industry.
In this episode, we explore the innovative solution of CHIP Reverse Mortgages, designed to empower seniors to age comfortably at home while accessing much-needed cash.
Discover key strategies and considerations for seniors facing retirement challenges, including insights on financial planning, cash flow management, and maintaining independence.
Jeff provides invaluable expertise on how CHIP Reverse Mortgages can transform retirement planning, offering a practical solution in addressing the retirement crisis and enhancing financial security for seniors.
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TIMESTAMP:
00:00 Increased interest in chip for retirement planning.
03:52 Financial planning tenet is to have emergency fund.
07:17 Pensions declining, home equity now predominant.
11:11 Rethinking retirement: Financial and lifestyle changes.
14:47 Reverse mortgage explained.
19:07 Interest accrues on three equity access options.
22:33 Using home equity for early inheritance strategy.
24:05 Consolidate debts, continue paying, declining interest penalty.
27:45 Approach investing based on needs and assets.
32:16 Advice on financial boxes.
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GUEST LINKS & RESOURCES:
More about CHIP Reverse Mortgages
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Saijal Patel, CFA, is a former CNBC and BNN journalist and passionate financial wellness advocate. She's bringing Strictly Money directly to you via YouTube, Apple Podcasts, Spotify and where ever you get your podcasts.
Connect on LinkedIn: https://www.linkedin.com/company/saij-elle/
Follow on X: https://twitter.com/strictlymoneytv
Get in touch: https://saijelle.com/contact-us/
Join Saij Elle’s FREE Money Masterclass for Women: https://courses.saijelle.com/master-class/
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