Incorporating housing wealth and lifetime annuities in your retirement income plan can offer a significant tax-cost advantage over a traditional investment-only plan.
Including your housing wealth in your retirement plan, such as by using a HECM, can lead to higher lifetime income and a significantly larger legacy than a plan based on selling your home to access the cash.
Combining a QLAC with a HECM can help mass affluent retirees secure guaranteed lifetime income, tax advantages and liquid savings to cover late-in-life expenses beyond what their 401(k) or IRA savings alone could provide.
Retirees with $500,000 to $5 million in assets need a different approach to keep their house and cover ever-increasing health care expenses, including long-term care, without taking too much risk and paying too much in taxes.
An "all-asset" retirement planning strategy would integrate housing wealth and annuities with traditional investments to generate more income and liquid savings for retirees. Here's how it works.
Combining a qualified longevity annuity contract (QLAC) with a home equity conversion mortgage (HECM) can significantly boost your retirement income, secure a larger financial legacy and build a substantial liquid savings safety net.
Homeowners considering using home equity as a valuable asset in their retirement plan can analyze it like other investments, also taking into consideration the impact of historical housing price volatility and adjustable interest rates.
These Golden Rules of Retirement Planning, developed by a financial pro with many years of experience, can help you build a plan that delivers increased income and liquid savings while also reducing risk.
This strategy challenges conventional retirement rules of thumb by combining traditional savings, home equity and annuities to provide higher income and liquid savings and help cover long-term care costs.
If you're worried that long-term care costs will drain your retirement savings, consider a personalized retirement plan that could solve your problem.
Combining IRA investments, lifetime income annuities and a HECM into one plan could significantly increase your retirement income and liquid savings compared to traditional planning.
Combining a reverse mortgage known as a HECM with a QLAC (qualifying longevity annuity contract) can provide longevity protection, tax savings and liquidity for unplanned expenses.
Here are the multiple ways you can use a QLAC, from managing retirement risks to creating income for specific retirement needs and wants.
Looking to avoid running out of money in retirement? Consider longevity protection provided by a QLAC as a component of your retirement income plan.
Retirement income plans often don't include late-in-life health or long-term care expenses. Here's how to cover for the unplanned withdrawals to pay for those.
You really can defer RMDs and lower taxes while at the same time increasing the long-term growth of your IRA. Here's how.
While many retirees own an IRA and a home, very few are considering how they could work together in a plan for retirement income.
Getting all of your assets to work together is key to having enough retirement income to pay for caregivers and other long-term care needs.