Understanding Reverse Mortgages: Unlocking Home Equity for Retirement Income with Mitch Cooper, #242
Release Date: 02/25/2025
Six Tactical Moves for Navigating Down Markets, #249
Retire With Ryan
This time, we're featuring financial insights from co-host Ryan Morrissey, who's here to help you navigate this turbulent financial landscape. We'll explore the recent volatility sparked by President Trump's tariff announcements and discuss the remarkable market rebound that followed. Ryan also lays out six strategic moves you can make to optimize your investment strategy during these downturns, whether it's buying the dip, rebalancing your portfolio, or taking advantage of tax efficiencies. Stay tuned for valuable tactics and practical advice to bolster your financial well-being and prepare...
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4 Strategies to Avoid Tax Tsunami When Working Beyond 73 Years Old, #248
Retire With Ryan
As you get closer to the age of 73, it's more and more important to understand the financial strategies you can use to avoid a "tax tsunami" or "tax bomb." In this episode, I break down the basics of RMDs, explaining how they are calculated and the importance of planning ahead. You’ll want to make a note of these four key strategies to reduce your RMDs and ensure a smoother financial journey as you transition into retirement. From starting withdrawals before the age threshold to considering Roth conversions and qualified charitable distributions, we share practical insights to help you...
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Can Elon Musk and Doge Take Away My Social Security Benefit? #247
Retire With Ryan
In this episode, I address listener concerns about the future of Social Security, especially given recent changes under President Trump's administration and the involvement of the Department of Government Efficiency (Doge). I’ll dive into the current state of Social Security, the potential impact on your benefits, and how you can maximize those benefits moving forward. With solvency concerns looming, I’ll help you better understand what’s at stake and how to make smart decisions for your retirement. You will want to hear this episode if you are interested in... (0:00) Can Elon...
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FBI Warning On Suspicious Text Messages, #246
Retire With Ryan
In this episode of Retire with Ryan, I’m talking about the growing threat of smishing, a type of phishing scam where fraudulent text messages try to trick you into revealing personal information like your social security number, bank account details, or credit card information. I’ll explain how these scams are targeting individuals like you and share some important tips on how to protect your phone and investment accounts from being compromised. It's crucial to stay informed and secure, and I’m here to help you navigate these risks. You will want to hear this episode if you are...
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4 Ways To Get More Money Into Your 401K Plan, #245
Retire With Ryan
Maximizing your retirement plan contributions is one of the most powerful ways I can help you secure your financial future. As we near the end of the first quarter of 2025, it’s the perfect time to review your contributions. In this episode, I break down how you can ensure you're contributing the maximum allowable amount and why it’s essential to do so. I explain how to calculate your contribution limits based on your salary and pay frequency, so you can easily determine how much you should be setting aside per pay period. If you haven’t adjusted your contributions for the year,...
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How Can I Protect My Portfolio From What’s Happening in Washington? #244
Retire With Ryan
What’s the best way to protect your retirement savings when the market feels unpredictable? In today’s episode of Retire with Ryan, I cover the growing uncertainty caused by political decisions and how they affect your investments. From tariffs to immigration changes and government cutbacks, I’ll share insights on how to navigate this volatility and keep your portfolio secure. Whether you’re nearing retirement or already there, this episode will provide actionable steps to ensure your investments remain on track despite external economic pressures. You will want to hear this...
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When Can I Expect An Increase In My Social Benefit Increase Due To The Fairness Act? #243
Retire With Ryan
In this episode, I dive into the latest developments with the Social Security Fairness Act and what these changes mean for retirees who were previously ineligible for Social Security benefits. With potential increases in payments and retroactive benefits, this episode is packed with critical insights for anyone impacted by the new law. I break down real-world examples to show exactly how these changes will affect individuals—particularly teachers, former public employees, and those with pensions exempt from Social Security. Whether you’re waiting for retroactive benefits or trying to...
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Understanding Reverse Mortgages: Unlocking Home Equity for Retirement Income with Mitch Cooper, #242
Retire With Ryan
What is the best way to access equity in your home for retirement income? In this episode of Retire with Ryan, host Ryan Morrissey is joined by Mitch Cooper, a Certified Reverse Mortgage Professional with Mutual of Omaha, to explore this very question. Mitch returns to the show to share his expertise on reverse mortgages, a powerful tool that allows retirees to tap into the equity of their homes without having to sell. Whether you’re considering this option for supplemental income or simply want to understand how it works compared to other alternatives like home equity loans, this...
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Navigating the 1031 Exchange with Eric Brecher, #241
Retire With Ryan
In this episode of Retire with Ryan, we’re diving into the ins and outs of 1031 Exchanges with expert Eric Brecher. As Executive Vice President at the Chicago Deferred Exchange Company, Eric brings years of experience in navigating this complex IRS provision, which allows real estate investors to defer capital gains taxes when selling property. If you're interested in real estate investments and the potential tax advantages that come with them, this episode is a must-listen. Eric explains everything from the basics of a 1031 Exchange to key strategies, common pitfalls, and the crucial...
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10 Penalty-Fee Withdrawal Options For Retirement Plans, #240
Retire With Ryan
When it comes to retirement plans, the general rule is that you can’t access funds in your retirement account(s), without penalty, until age 59 ½. If you withdraw funds prior to 59 ½, you’ll get hit with a 10% penalty and income tax (if coming from a non-Roth account). But there are some instances in which you can make withdrawals penalty-free. We’ll dive into this in this episode of Retire with Ryan. You will want to hear this episode if you are interested in... [0:55] Why you should hire a fee-only financial advisor [2:32] When can you access retirement accounts? ...
info_outlineWhat is the best way to access equity in your home for retirement income? In this episode of Retire with Ryan, host Ryan Morrissey is joined by Mitch Cooper, a Certified Reverse Mortgage Professional with Mutual of Omaha, to explore this very question.
Mitch returns to the show to share his expertise on reverse mortgages, a powerful tool that allows retirees to tap into the equity of their homes without having to sell. Whether you’re considering this option for supplemental income or simply want to understand how it works compared to other alternatives like home equity loans, this episode provides valuable insights into how reverse mortgages can help secure your financial future in retirement.
You will want to hear this episode if you are interested in...
- (0:00) Learn more about Mitch Cooper, a Certified Reverse Mortgage Professional
- (0:53) What is the best way to access equity in your home for retirement income?
- (2:25) How reverse mortgages differ from home equity loans and lines of credit
- (5:41) Requirements and eligibility for reverse mortgages, including age and equity
- (7:41) The impact of interest rates on reverse mortgage loan amounts
- (8:45) The protections offered by reverse mortgages, including the non-recourse nature
- (10:36) Other requirements for obtaining a reverse mortgage
- (16:06) Comparing reverse mortgages to annuities and their role as longevity insurance
- (25:14) How closing costs work with a reverse mortgage
- (30:36) The process of obtaining a reverse mortgage
Resources Mentioned
- Retirement Readiness Review
- Subscribe to the Retire with Ryan YouTube Channel
- Download my entire book for FREE
- The National Reserve Mortgage Lending Association
- Mitch Cooper (Mutual of Omaha)
- Connect with Mitch on LinkedIn