Listener Questions Answered: Reverse Mortgages, Healthcare Before Medicare, and More!
Big Picture Retirement®
Devin Carroll
4.7 • 546 Ratings
🗓️ 15 July 2024
⏱️ 44 minutes
🧾️ Download transcript
Summary
In this episode, we tackle a diverse range of listener questions from reverse mortgages, annuities, Roth conversions, healthcare before the Medicare age, and a lot more.
Tune in as we discuss:
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Al's Question: Recommendations for reverse mortgages and the conditions under which they can be beneficial.
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Paul's Inquiry: Using deferred annuities, specifically laddering Fixed Income Annuities with no fees, as alternatives to bonds to generate "safe" money in retirement.
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Pete's Scenario: The implications of converting a large amount to a Roth IRA and using it to cover all retirement needs.
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Sid's Concern: Strategies for obtaining affordable healthcare before Medicare eligibility for himself and his younger wife.
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Susan's Request: Fun and humanitarian investment options for extra funds in retirement.
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Mark's Situation: Possibilities for reasonable healthcare coverage if retiring at 62, with a focus on income-based options.
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Hayle's Curiosity: A personal question about our host's marital status.
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Transcript
Click on a timestamp to play from that location
| 0:00.0 | The Big Picture Retirement Show does not provide tax, legal, or financial advice. |
| 0:04.3 | Listeners are encouraged to seek out their own advisors in these areas. |
| 0:11.0 | Hey, everyone, welcome to the Big Picture Retirement Show. |
| 0:14.1 | I'm your host, Devin, joined today by my co-host, John Ross. |
| 0:18.1 | Howdy. |
| 0:21.0 | Yeah. John Ross. Howdy. All right, John, we told our audience that when we hit 400 reviews, that you were going to read |
| 0:31.8 | that 400th review. |
| 0:33.3 | Oh, so I did. |
| 0:34.2 | By the way, we're actually at 404 reviews now. |
| 0:39.0 | So we've had some others come in. |
| 0:40.2 | Thank you guys very much for leaving those reviews. |
| 0:42.5 | We appreciate that. |
| 0:43.7 | But the 400th review, I made a screenshot of it when it came in. |
| 0:48.6 | So we wouldn't forget. |
| 0:51.4 | So with that, that was a drummer. |
| 0:54.2 | Didn't really sound much like it. That was sad. that was a drum roll. |
| 0:56.0 | Didn't really sound much like it. |
| 0:57.1 | That was sad. |
| 0:58.6 | That was a bad drum roll. Saddest drum roll ever. |
| 1:00.9 | John. |
| 1:01.6 | Yes. |
| 1:02.1 | So from Elliot, |
... |
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