S3: Episode 5- How Seniors Can Choose a Reverse Mortgage to Fund Care

Show notes-Mourning Dove Medical Presents Dr. G at the Heart of Healthcare GuestDavid Patrick Paget- Canadian moved to the USA as one of eight kids in 1960s - Previously a Coca Cola truck driver- Real estate experience from Rancho Cucamonga to French Valley in 1999- Enjoys wine touring in Temecula https://gogrape.comMission-Educate & Empower in three parts, helping listeners ‘SEE’ what’s needed to navigate the healthcare system. 1. Story (theme) David is on a fixed income as a senior citizen collecting social security, he supplements by hosting wine tours. Money matters during the late stages of life. Many seniors have a nest egg built by the equity of their family home, a portion is an asset for funding care. 2. Educate (Teaching points)- How to find brokerage- Timing 25-30 years (small or no mortgage) - Paid when house sells- Home equity is paid out by investors - Misconception you will loss your house - If married one spouse must occupy the property - Consider creating a living trust - Counseling required for senior citizens, before the process begins - Better than an equity line of credit3. Empower -A valuable a resource https://www.c2financial.comWebsite info https://mourningdovemedical.comVideo podcast 🔗 https://youtu.be/ZtMP5Of5ZS4?si=Mr_eKRonOfM27aUl #hapc #EducateAndEmpower #PeaceOfMind #TheRealDealAboutHospice #Hope #LateStagesOfLife #RealTalk

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