JAMIE HOPKINS EXPLAINS WHY WE NEED TO RETHINK EVERYTHING WE ASSUME WE KNOW ABOUT RETIREMENT
Award-winning retirement expert Jamie Hopkins explains why it’s essential to rethink retirement planning.
WEALTHTRACK Episode #1449; Originally Broadcast on May 25, 2018
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JAMIE HOPKINS
- Author,
- Rewirement: Rewiring the Way You Think About Retirement
Newsletter available soon.
CONSIDER ALTERNATIVE SOURCES OF INCOME FOR YOUR RETIREMENT
- Home is one source
- Have an available home equity line of credit for immediate liquidity
- Reverse Mortgages:
- Available under the FHA (Federal Housing Administration) backed program, HECM (Home Equity Conversion Mortgage)
- • Available to seniors 62 and over
- • Must live in the home and own it
- • Have no mortgage or a low mortgage balance
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- HECM is tightly regulated:
- • Required to meet with HECM counselor to obtain the loan
- • Information available on U.S. Department of Housing and Urban Development website: www.hud.gov
Rewirement: Rewiring The Way You Think About Retirement!
HOPKINS: RETIREMENT CHALLENGE
- Manage your debt
- Big behavioral problem
- Look at highest interest debt first
- Pay off rest from there
No stock mentions in this episode.
This transcript will be available soon. More information regarding WEALTHTRACK transcripts can be found here Jamie Hopkins from the WEALTHTRACK Archive:
RETIREMENT INCOME CHALLENGE
Leading retirement income expert, Jamie Hopkins is one of the creators of the curriculum for the relatively new certification for financial planners called the Retirement Income Certified Professional, or RICP. As baby boomer investors make the challenging transition from accumulating assets while working to spending them in retirement, Hopkins says much of the financial advisory community is playing catch up.
