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Navigating Retirement Challenges: CHIP Reverse Mortgages Explained
Manage episode 419423870 series 3530823
Saijal Patel에서 제공하는 콘텐츠입니다. 에피소드, 그래픽, 팟캐스트 설명을 포함한 모든 팟캐스트 콘텐츠는 Saijal Patel 또는 해당 팟캐스트 플랫폼 파트너가 직접 업로드하고 제공합니다. 누군가가 귀하의 허락 없이 귀하의 저작물을 사용하고 있다고 생각되는 경우 여기에 설명된 절차를 따르실 수 있습니다 https://ko.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
LEARN MORE ABOUT BMO ETFS (SPONSOR)
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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/
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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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