Tapping into Home Equity: Unlocking Hidden Savings for Seniors to Stay in Their Homes

Kim Hegwood | February 19, 2025

Home Equity Conversion: “So the real advantage of the home equity conversion is you now have your own piggy bank because it’s your own money. You can use it any way you want to use it. And if it’s to take care of the spouse, that’s fine.”— Allan Berger
Welcome to another episode of Life Happens with Kim Hegwood. In today’s episode, we have a special guest, Allan Berger from Financial Flexibility Services, joining us to shed light on an important topic that affects many seniors: staying in your home with a home equity conversion.

Kim and Allan dive deep into the concept of home equity conversion and explain how it can benefit seniors who want to continue living in their homes while tapping into the equity they didn’t realize they had. They discuss the growth potential of home equity conversion funds, the flexibility they offer seniors in meeting their financial obligations, and the peace of mind they provide. Furthermore, Allan addresses
the misconceptions surrounding reverse mortgages and why they gained a negative reputation.

The episode concludes with a discussion on how home equity conversions can be a viable solution for senior couples where one spouse requires specialized care, bridging the gap left by Medicare and insurance. Get ready to learn about this powerful financial planning option and how it can impact the second half of life. Stay tuned for this informative episode of Life Happens with Kim Hegwood.

Title:  Tapping into Home Equity: Unlocking Hidden Savings for Seniors to Stay in Their Homes

Here is what Kim will ask Allan

1.     What is a Home Equity Conversion and who is it designed for?

2.     Why did Reverse Mortgages have such a black eye in the past?

3.     How can a Home Equity Conversion help a spousal caregiver care for someone with dementia?

4.     What do you feel are the major benefits of having a Home Equity Conversion for fitting a senior homeowner’s needs?

5.     How is the money that has been borrowed with a Home Equity Conversion paid back?

 How to Contact Allan

allan@financialflexibility.services

https://financial
flexibility.services

(281) 218-0880(281) 218-0880

Bio:

Allan Berger the owner of Financial Flexibility Services is focused on educating senior homeowners and their families about the benefits of converting a portion of their home equity into a growing retirement fund. Allan and his wife did this 10 years ago to secure their financial future and it changed their lives in many positive ways. They realized their home equity was really their saving, their piggy bank, to use or
not use, but would give them peace of mind knowing it was available if and when needed.

Allan is a retired corporate VP of a Houston Fortune 500 company, has owned several businesses and was asked to help other
senior homeowners by sharing his story which has been doing for the past 6 years.

He often says he is like the Rogaine guy with hair because he is living proof that the personal story he is sharing is what possibly can be a path for other senior homeowners who are concerned about outliving their money. How can they continue to meet the increasing cost of
most everything including medical needs, food, taxes, health, and long-term care insurance, and unanticipated expenses are surely on the horizon as seniors age, especially those with a fixed income and shrinking savings.

Contact Kim Hegwood

Elder Law Attorney Website: https://www.yourlegacylegalcare.com/

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