Liquid Assets – Retirement Solutions

The Truth About Reverse Mortgages with Chad Peck (Ep. 7)

By BOSSRetirementSolutions | September 26, 2024

Did you know that nearly 70% of retirees’ net worth is tied up in their home equity? Yet many never consider leveraging it to secure a worry-free retirement.

This week on Retirement Solutions The Podcast, Tyson Thacker and Ryan Thacker are joined by Chad Peck, owner of Reverse Freedom Mortgage, who brings over 20 years of experience in the mortgage industry, specializing in reverse mortgages for the past 15 years. Chad talks through the realities and misconceptions surrounding reverse mortgages, from eligibility and the benefits they can offer, to the potential pitfalls and common fears people have. Listen in to gain an in-depth understanding of how reverse mortgages work and whether they might be a viable option for your retirement strategy!

Topics discussed:

The misconceptions and realities of reverse mortgages.
The process of securing a reverse mortgage and how it can impact your financial planning.
How reverse mortgages can be used to purchase a new home, allowing retirees to downsize or find a more suitable living situation.
Real-life examples of how a reverse mortgage can alleviate financial stress in retirement.
And more!

Resources:

The B.O.S.S. Retirement Blueprint

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About Guest

Chad Peck is the owner of Reverse Freedom Mortgage, has been in the mortgage business since 2003, and has been focused primarily on reverse mortgages for the past 15 years. Chad has a passion for working with clients 62 and older to provide them with a more comfortable and secure retirement.

Chad enjoys getting to know his clients. Whether you need 40 minutes or 4 hours, he will spend the time to make sure all your questions are answered.

He has worked with hundreds of clients over the years and provides educational seminars to help people understand the benefits of a reverse mortgage.

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Unpacking The B.O.S.S. Retirement Scorecard Part 2 (Ep. 5)

By BOSSRetirementSolutions | August 22, 2024

Many people believe that saving a million dollars is the golden ticket to a perfect retirement.

However, without a comprehensive plan, that million can quickly diminish. Let’s break down why.

Join Tyson Thacker and Ryan Thacker as they continue their breakdown of the B.O.S.S. Retirement Scorecard. Follow along to learn how to assess essential retirement aspects such as debt, cash reserves, different income streams, and social security, in order to help you prepare and craft a strong retirement plan.

Tyson and Ryan discuss:

The personal experience with their family cabin and how it inspired the B.O.S.S. Retirement Scorecard
How to rate your retirement readiness based on debt, cash, income, and social security
The importance of having a well-rounded plan covering investments, healthcare, and legacy planning
Tips for identifying areas for improvement and taking actionable steps to strengthen your retirement plan
And more