Jim and Martin talk about tax advantages and tax planning specifically relating to HECM which is the acronym for the Government's federally insured mortgage program called the Home Equity Conversion Mortgage.The guest on today's show explains HECM in more detail he has experience in many different kinds of tax work. Jim explains if the HECM mortgage interest is taxable and how to navigate that when leaving a HECM mortgage to your heirs.  Jim answers common questions such as what happens if you have not been making payments this year and what that means in the long run for your loan.Jim explains to Martin what bunching is and how that can benefit you.Martin and Jim discuss why you should consider converting to a Roth IRA because it would not be considered a taxable income. Jim talks about what happens when you die what happens to all of your HECM mortgage interest and how to best prepare. They talk about what it looks like to refinance your HECM and what the pros and cons of doing that are.     Martin asks Jim how to tell if your tax advisor is knowledgeable in this subject and the right questions to ask them to get the answers that you are looking for.Maritn is going to have articles about all of this in more detail on his website. You can look there to get more information about these topics. 

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