For most retirees, their home is their largest asset. And for most financial planners, it's the one that gets left out of the retirement income conversation. In this episode of FPA LIVE, we're joined by Steve Resch, Vice President of Retirement Solutions at Finance of America, to talk about why housing wealth belongs in comprehensive retirement planning, and how reverse mortgages have evolved from a loan of last resort into a legitimate planning tool. With 39 years in financial services and a focus on financial planner education, Steve makes the case that planning for a 30- or even 40-year retirement requires considering the entire household balance sheet, not just the investment portfolio. We cover sequence-of-returns risk, long-term care planning, portfolio sustainability, and the misconceptions that are keeping too many planners from having this conversation with their clients.
Feeling inspired? Share these insights on social.