Retirement Planning with Home Equity
Schedule
Tue Oct 15 2024 at 10:30 am to 12:00 pm
UTC-05:00Location
Lake Travis Community Library | Austin, TX
About this Event
Join us at the Lake Travis Community Library for an informative session on planning your retirement using your home equity. This class is designed for retirees and pre-retirees who want to understand how a Home Equity Conversion Mortgage (HECM) can enhance their retirement strategy.
We will start by explaining the fundamentals of HECM, including eligibility requirements and key features. Participants will learn how this government-insured reverse mortgage allows homeowners aged 62 and older to convert part of their home equity into tax-free funds, offering financial flexibility during retirement.
The class will also explore practical ways to integrate HECM into a comprehensive retirement plan. We’ll explore real-life scenarios that demonstrate how these funds can help cover healthcare costs, supplement income, or fund long-term care, ensuring participants grasp the potential benefits.
Additionally, we’ll address common misconceptions about reverse mortgages and guide you in avoiding potential pitfalls. Expert speakers will share insights and answer questions, creating an interactive learning experience.
By the end of the class, attendees will clearly understand how HECM can play a crucial role in achieving a secure and fulfilling retirement. Don’t miss this opportunity to empower your financial future!
Where is it happening?
Lake Travis Community Library, 1938 Lohmans Crossing Road, Austin, United StatesEvent Location & Nearby Stays:
USD 0.00