January 20, 2024

This week on “Money Talks,” Chief Investment Officer Troy Harmon, CFA, CVA, is joined by Managing Associate K.C. Smith, CFP®, CEPA, and Associate Adam Stadalius, CFP® to cover the week’s market action, the Producer Price Index, Retail Sales, and Industrial Production. Planners K.C. and Adam provide insight for a widow whose late husband took out a reverse mortgage on their home nearly 15 years ago. They discuss what a reverse mortgage is and what it means for her assets and estate going forward. The experts also advise an investor on which funds in his portfolio he should sell to fulfill his required minimum distribution.

Timestamps and Chapters

00:00 Market Roundup: Jan. 15 – Jan. 19, 2024
24:14 Case Study: Understanding a Reverse Mortgage
35:20 Q&A Time: What to sell when taking an RMD

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Tagged seniors, portfolio allocation, HECM, interest rates, home equity conversion mortgage, Producer Price index, HUD, S&P 500 index performance, required minimum distribution, selling assets, January 2024, rebalancing, December final demand, in-kind transfer, December Retail Sales, December Industrial Production, Reverse Mortgages