{"id":442530,"date":"2022-04-18T08:45:50","date_gmt":"2022-04-18T12:45:50","guid":{"rendered":"https:\/\/www.investmentexecutive.com\/?p=442530"},"modified":"2022-04-11T16:02:01","modified_gmt":"2022-04-11T20:02:01","slug":"how-financial-planners-are-extending-portfolio-longevity-and-their-client-book","status":"publish","type":"post","link":"https:\/\/www.investmentexecutive.com\/in-depth_\/partner-reports\/how-financial-planners-are-extending-portfolio-longevity-and-their-client-book\/","title":{"rendered":"How financial planners are extending portfolio longevity \u2013 and their client book"},"content":{"rendered":"

PAID CONTENT<\/strong><\/p>\n

Your clients\u2019 financial planning objectives are continually evolving, and those of your higher-income retirees are no exception. They are living longer lives in retirement and want to keep their investment portfolios intact for as long as possible. Your affluent clients also want to maintain their desired lifestyles and require access to funds and cash-flow certainty to achieve their goals. But as inflation continues to rise, your clients may be tempted to cash out investments to fund their lifestyle and other needs. This can lead to taxable events for your clients and a loss of assets under management for your business.<\/p>\n

Get in front of your clients\u2019 needs<\/strong><\/p>\n

The good news is there\u2019s a flexible financial planning solution that can address your clients\u2019 needs: The CHIP Reverse Mortgage by HomeEquity Bank.<\/strong> With this innovative product, Canadians 55+ don\u2019t have to move or sell; instead, they can access up to 55% of their home\u2019s value in tax-free cash. Plus, monthly mortgage payments aren\u2019t required, which frees up additional cash. In other words, with a reverse mortgage, the client\u2019s home pays them. Best of all, your clients get to stay in the home they love.<\/p>\n

With more than 90% of Canadians wanting to retire in their current homes, a reverse mortgage is a planning solution that\u2019s growing in popularity. In fact, your clients may already be thinking about the benefits of a reverse mortgage \u2013 HomeEquity Bank funded $1 billion in new mortgages in 2021, much of that originating directly from individuals. Now\u2019s the time to get in front of your clients\u2019 needs and show them how they can benefit from a CHIP Reverse Mortgage.\u00a0<\/strong><\/p>\n

Boost tax-efficient cash flow<\/strong><\/p>\n

It\u2019s a myth that reverse mortgages are only for cash-poor, house-rich individuals. In reality, reverse mortgages can play a valuable role in the financial plans of higher-income clients who want access to tax-efficient cash flow; but who may have difficulty accessing traditional loans due to a lack of regular employment income. Plus, your clients don\u2019t have to take the full amount of the reverse mortgage they qualify for; they can access funds whenever the need for cash flow arises. These funds can be used to meet a variety of different needs, including:<\/p>\n