Get Init - Episode 3 - Unlocking Retirement: The Truth About Reverse Mortgages

17/04/2025 51 min
Get Init - Episode 3 - Unlocking Retirement: The Truth About Reverse Mortgages

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Episode Synopsis

In this episode of the Let’s Get Init Finance Show, hosts Norm Murray and Stephan Balgobind start with a quick round-up of the week’s top financial headlines — then take a deep dive into one of the most misunderstood tools in retirement planning: reverse mortgages. Whether you're nearing retirement, already there, or advising someone who is, this episode breaks down:What a reverse mortgage really isWho it’s best suited forThe potential benefits and risksCommon misconceptions and FAQsWhy it could be a powerful option for unlocking home equity in later yearsTune in for clear, practical insights that could change the way you think about retirement income.