Using Reverse Mortgages To Secure Retirement with Dr. Wade Pfau - 117

Your Money, Your Wealth

Realestate, Income, Investing, Personalfinance, 401k, Rothconversion, Retirement, Education, Taxes, Socialsecurity, Personalfinances, Finance, Retirementplanning, Investments, Stocks, Business, Roth, Fiduciary, Ira

2.3 • 681 Ratings

🗓️ 5 June 2017

⏱️ 74 minutes

🔗️ Recording | iTunes | RSS

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Summary

Dr. Wade Pfau reveals new research on the reverse mortgage as an insurance policy and investing tool, and discusses the 4% rule for withdrawing retirement income from your portfolio. Plus, Joe and Al have 10 tips to boost retirement savings, the pros and cons of rolling your 401(k) into an IRA, long term care tax strategies, the latest on the Department of Labor Fiduciary Rule, Prince’s $250 million estate planning mistake, and who is better at investing, men or women?

Transcript

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0:00.0	A lot's changed.
0:00.8	Public policies changed, and it's worth giving a second look about the idea that reverse
0:05.1	mortgages shouldn't just be viewed as a last resort option when all of us has failed.
0:09.3	They should really be thought strategically as part of an overall retirement income plan.
0:14.4	That's Dr. Wade Fow, CFA, Professor of Retirement Income at the American College.
0:18.9	Today on Your Money, Your your wealth, he reveals new
0:21.1	research on the reverse mortgage as an insurance policy and a versatile investing tool. Dr.
0:26.5	Fow also breaks down the realities of the 4% rule for withdrawing income from your portfolio
0:31.4	during retirement. As if that wasn't enough, Joe and Big Al have 10 tips to boost your
0:36.3	retirement savings, the pros and cons of rolling
0:38.9	your 401k into an IRA, tax strategies to consider when paying for long-term care, the latest on the
0:44.7	Department of Labor fiduciary rule, the age-old men versus women debate, who's better at investing,
0:50.3	and Prince's $250 million estate planning mistake. Now, here are Joe Anderson CFP and Big Al Clopine
0:58.1	CPA. Al and I are discussing who is a better at investing than are women. Yeah. We actually
1:06.4	had some backing here. So this is, Fidelity just did a study, and this was based on an analysis of more
1:14.9	than 8 million clients.
1:16.9	So it's a pretty good sample size.
1:19.3	Women, men, which are better investors?
1:21.7	Fidelity.
1:22.7	Pidelity.
1:23.7	Got 8 million people to answer a survey?
1:24.9	I don't know if it was a survey or not.
	...

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