In this Episode of the Red Barn Financial Podcast I get the opportunity to interview Jackson Matheson of the Wood Group of Fairway Mortgage.   He shares his experiences and the reason why he is passionate about the Home Equity Conversion Mortgage (HECM).  Jackson shares why this tool gives you an opportunity to make sure you are financially secure in retirement and opens up one of the largest assets most of us have to use to fund things we need in retirement.

Jackson's contact information:

Some statistics that Jackson shared:

Notable statistics for the Baby Boomer generation:

• 27% have no retirement savings
• 70% will need some form of long-term care
• 39% get divorced
• 75% have debt
• Over 50% of boomers rely on social security either heavily or entirely
• 10,000 baby boomers turn 62 each day (of which 30%-40% will carry a traditional mortgage payment into retirement)

Disclaimer: The information contained herein is not tax, legal or investment advice. Please reach out if you would like to discuss you particular circumstances. If you would like to contact Red Barn Financial please email smoran@redbarnfinancial.com or call 615-619-6919.  To learn more about our firm, visit www.redbarnfinancial.com 

Note:  Red Barn Financial is independent of it's guests and nothing in this podcast should be construed as an endorsement or recommendation to use any of the products or services discussed.  Each person should assess their financial needs with a financial advisor like us.