Harlan AccolaEvery podcast appearance, updated as new ones drop

Christians often say that God owns everything and that what we possess has simply been entrusted to our care. We apply that principle to our income, savings, investments, and giving. But we may treat another significant asset differently: the equity in our homes. Harlan Accola, who leads the reverse mortgage team at Movement Mortgage, joined the show today to discuss why homeowners—particularly those approaching or already in retirement—should consider home equity as part of their overall stewardship plan. Home Equity Is Still Part of Your Wealth For generations, many families have foll...

Christians often say that God owns everything and that what we possess has simply been entrusted to our care. We apply that principle to our income, savings, investments, and giving. But we may treat another significant asset differently: the equity in our homes. Harlan Accola, who leads the reverse mortgage team at Movement Mortgage, joined the show today to discuss why homeowners—particularly those approaching or already in retirement—should consider home equity as part of their overall stewardship plan. Home Equity Is Still Part of Your Wealth For generations, many families have foll...

Reverse mortgages have carried a negative reputation for years, especially among Christians who are cautious about debt. But as with any financial tool, faithful stewardship calls us to understand how it works before deciding whether it belongs in a financial plan. Harlan Accola leads the reverse mortgage team at Movement Mortgage , a FaithFi underwriter. He joined the show today to explain why reverse mortgages remain controversial, how today’s Home Equity Conversion Mortgage (HECM) differs from older products, and when it might play a useful role in retirement planning. Why Are Christians Hesitant About Reverse Mortgages? For many believers, the hesitation begins with debt itself. Scripture repeatedly encourages wisdom, contentment, and caution in financial matters, so borrowing against a home's equity can feel contrary to good stewardship. There is also the lingering reputation of earlier reverse mortgage products. Many people remember stories involving high costs, confusing terms, or homeowners facing difficult circumstances later in life. Accola says those concerns are understandable. “I felt the same way in the past before I understood them,” he said. But he argues that many people are evaluating today’s federally insured reverse mortgages based on older versions of the product—or confusing them with other home-equity arrangements that work very differently. That makes it important to understand exactly which product is being considered and how its protections, costs, and obligations work. What Is a HECM? The most common type of reverse mortgage is the Home Equity Conversion Mortgage, or HECM, which is insured by the Federal Housing Administration. Unlike a traditional mortgage, a HECM generally does not require the borrower to make monthly principal and interest payments. Instead, the loan balance typically grows over time and becomes due when the borrower no longer occupies the home as a principal residence, sells the property, or dies. The homeowner still retains ownership of the home and remains responsible for obligations such as property taxes, homeowners insurance, and property maintenance. HECMs also include protections designed specifically for older homeowners. Borrowers must complete independent counseling before obtaining the loan, and the loans are non-recourse, meaning the borrower or heirs generally will not owe more than the home's value when the loan is repaid. Certain eligible non-borrowing spouses may also be able to remain in the home after the borrowing spouse dies, provided they meet program requirements. Those features make today’s HECM significantly different from some of the products that contributed to reverse mortgages’ poor reputation in earlier decades. Turning Home Equity Into Retirement Flexibility For many retirees, a home represents one of their largest assets. Yet that wealth is often difficult to use without selling the property or taking on more debt. A reverse mortgage can potentially convert a portion of that equity into accessible funds. One possible benefit is improved monthly cash flow. Eliminating a required mortgage payment could help a retiree living on reduced income balance a budget without turning to credit cards or other higher-cost borrowing. Reverse mortgage proceeds may also provide additional resources for expenses such as home repairs, healthcare, or long-term care. A HECM line of credit can offer another form of flexibility. For example, retirees may be able to draw from home equity during a market downturn rather than selling investments after they have declined in value. Used carefully, that could give an investment portfolio more time to recover. Home equity might also help preserve

Reverse mortgages have carried a negative reputation for years, especially among Christians who are cautious about debt. But as with any financial tool, faithful stewardship calls us to understand how it works before deciding whether it belongs in a financial plan. Harlan Accola leads the reverse mortgage team at Movement Mortgage , a FaithFi underwriter. He joined the show today to explain why reverse mortgages remain controversial, how today’s Home Equity Conversion Mortgage (HECM) differs from older products, and when it might play a useful role in retirement planning. Why Are Christians Hesitant About Reverse Mortgages? For many believers, the hesitation begins with debt itself. Scripture repeatedly encourages wisdom, contentment, and caution in financial matters, so borrowing against a home's equity can feel contrary to good stewardship. There is also the lingering reputation of earlier reverse mortgage products. Many people remember stories involving high costs, confusing terms, or homeowners facing difficult circumstances later in life. Accola says those concerns are understandable. “I felt the same way in the past before I understood them,” he said. But he argues that many people are evaluating today’s federally insured reverse mortgages based on older versions of the product—or confusing them with other home-equity arrangements that work very differently. That makes it important to understand exactly which product is being considered and how its protections, costs, and obligations work. What Is a HECM? The most common type of reverse mortgage is the Home Equity Conversion Mortgage, or HECM, which is insured by the Federal Housing Administration. Unlike a traditional mortgage, a HECM generally does not require the borrower to make monthly principal and interest payments. Instead, the loan balance typically grows over time and becomes due when the borrower no longer occupies the home as a principal residence, sells the property, or dies. The homeowner still retains ownership of the home and remains responsible for obligations such as property taxes, homeowners insurance, and property maintenance. HECMs also include protections designed specifically for older homeowners. Borrowers must complete independent counseling before obtaining the loan, and the loans are non-recourse, meaning the borrower or heirs generally will not owe more than the home's value when the loan is repaid. Certain eligible non-borrowing spouses may also be able to remain in the home after the borrowing spouse dies, provided they meet program requirements. Those features make today’s HECM significantly different from some of the products that contributed to reverse mortgages’ poor reputation in earlier decades. Turning Home Equity Into Retirement Flexibility For many retirees, a home represents one of their largest assets. Yet that wealth is often difficult to use without selling the property or taking on more debt. A reverse mortgage can potentially convert a portion of that equity into accessible funds. One possible benefit is improved monthly cash flow. Eliminating a required mortgage payment could help a retiree living on reduced income balance a budget without turning to credit cards or other higher-cost borrowing. Reverse mortgage proceeds may also provide additional resources for expenses such as home repairs, healthcare, or long-term care. A HECM line of credit can offer another form of flexibility. For example, retirees may be able to draw from home equity during a market downturn rather than selling investments after they have declined in value. Used carefully, that could give an investment portfolio more time to recover. Home equity might also help preserve

Your home may be more than a place to live in retirement. For some homeowners, it can also become a strategic financial resource—one that may help manage taxable income, protect investments during market downturns, and create greater flexibility around retirement withdrawals. Harlan Accola, who leads the reverse mortgage team at Movement Mortgage , joined the show today to explain how a reverse mortgage—specifically a Home Equity Conversion Mortgage, or HECM—can fit into a thoughtful retirement income strategy. A reverse mortgage is not right for everyone. But when used carefully as part of a broader financial plan, home equity may provide retirees with options they would not otherwise have. Why Reverse Mortgage Proceeds Are Different From Income One of the most common misconceptions about reverse mortgages is that homeowners sell or give up ownership of their homes. That is not the case. A reverse mortgage is a loan secured by the home, and the homeowner retains title as long as the requirements of the loan are met. Because the money received through a reverse mortgage is generally considered loan proceeds rather than earned or investment income, it is not typically included as taxable income on a federal income tax return. That distinction can be significant in retirement. Many retirees rely on a combination of Social Security, pensions, traditional IRAs, and 401(k)s. Withdrawals from tax-deferred retirement accounts generally increase taxable income, potentially affecting tax brackets and other income-based thresholds. Home equity can provide another source of cash. Instead of withdrawing every needed dollar from a traditional IRA or 401(k), a retiree may be able to strategically use home equity for a portion of living expenses. That could reduce the amount that must be withdrawn from taxable retirement accounts in a given year. The goal is not simply to avoid taxes. It is to thoughtfully manage when and how taxable income is recognized. Managing Retirement Withdrawals More Strategically Taxes in retirement are often about timing. Withdraw too much from a traditional retirement account in one year, and you may move into a higher tax bracket or cross other important income thresholds. Later in retirement, required minimum distributions can further limit how much control retirees have over taxable withdrawals. Social Security also adds another consideration. Depending on a retiree’s income, up to 85% of Social Security benefits may be subject to federal income tax. That makes coordinating income sources especially important. For some retirees, access to home equity may allow them to take smaller taxable distributions during certain years while drawing on a reverse mortgage for additional cash needs. Meanwhile, money that remains invested has more opportunity to continue growing. That does not mean borrowing against a home is always preferable to withdrawing from investments. Reverse mortgages have costs, interest accrues on the loan balance, and using home equity reduces the equity that may otherwise remain available later. The question is whether strategically combining these resources could produce a better overall retirement outcome. Creating Flexibility for Roth Conversions Home equity may also play a role in Roth conversion planning. A Roth conversion involves moving money from a traditional IRA or other eligible tax-deferred retirement account into a Roth IRA. The amount converted is generally taxable in the year of the conversion, but qualified Roth withdrawals in retirement are tax-free. For some retirees, converting portions of traditional retirement accounts during lower-income years can make sense. The challenge is paying the resulting tax bill. Suppose someone converts a significant amount

Your home may be more than a place to live in retirement. For some homeowners, it can also become a strategic financial resource—one that may help manage taxable income, protect investments during market downturns, and create greater flexibility around retirement withdrawals. Harlan Accola, who leads the reverse mortgage team at Movement Mortgage , joined the show today to explain how a reverse mortgage—specifically a Home Equity Conversion Mortgage, or HECM—can fit into a thoughtful retirement income strategy. A reverse mortgage is not right for everyone. But when used carefully as part of a broader financial plan, home equity may provide retirees with options they would not otherwise have. Why Reverse Mortgage Proceeds Are Different From Income One of the most common misconceptions about reverse mortgages is that homeowners sell or give up ownership of their homes. That is not the case. A reverse mortgage is a loan secured by the home, and the homeowner retains title as long as the requirements of the loan are met. Because the money received through a reverse mortgage is generally considered loan proceeds rather than earned or investment income, it is not typically included as taxable income on a federal income tax return. That distinction can be significant in retirement. Many retirees rely on a combination of Social Security, pensions, traditional IRAs, and 401(k)s. Withdrawals from tax-deferred retirement accounts generally increase taxable income, potentially affecting tax brackets and other income-based thresholds. Home equity can provide another source of cash. Instead of withdrawing every needed dollar from a traditional IRA or 401(k), a retiree may be able to strategically use home equity for a portion of living expenses. That could reduce the amount that must be withdrawn from taxable retirement accounts in a given year. The goal is not simply to avoid taxes. It is to thoughtfully manage when and how taxable income is recognized. Managing Retirement Withdrawals More Strategically Taxes in retirement are often about timing. Withdraw too much from a traditional retirement account in one year, and you may move into a higher tax bracket or cross other important income thresholds. Later in retirement, required minimum distributions can further limit how much control retirees have over taxable withdrawals. Social Security also adds another consideration. Depending on a retiree’s income, up to 85% of Social Security benefits may be subject to federal income tax. That makes coordinating income sources especially important. For some retirees, access to home equity may allow them to take smaller taxable distributions during certain years while drawing on a reverse mortgage for additional cash needs. Meanwhile, money that remains invested has more opportunity to continue growing. That does not mean borrowing against a home is always preferable to withdrawing from investments. Reverse mortgages have costs, interest accrues on the loan balance, and using home equity reduces the equity that may otherwise remain available later. The question is whether strategically combining these resources could produce a better overall retirement outcome. Creating Flexibility for Roth Conversions Home equity may also play a role in Roth conversion planning. A Roth conversion involves moving money from a traditional IRA or other eligible tax-deferred retirement account into a Roth IRA. The amount converted is generally taxable in the year of the conversion, but qualified Roth withdrawals in retirement are tax-free. For some retirees, converting portions of traditional retirement accounts during lower-income years can make sense. The challenge is paying the resulting tax bill. Suppose someone converts a significant amount

Many retirees spend decades building equity in their homes. But could that equity become a wise tool for stewardship in the next season of life? For many people, the words reverse mortgage raise immediate concerns. Some of those concerns come from outdated information, past abuses, or even a sense of guilt about taking on debt later in life. But is it possible that some retirees have dismissed this option too quickly? Harlan Accola, who leads the reverse mortgage team at Movement Mortgage , joined the show today to help separate myth from reality and explain how today’s reverse mortgages may fit into a broader financial plan for some homeowners. Why Reverse Mortgages Have a Stigma Reverse mortgages have carried a strong stigma for years, and according to Accola, some of that reputation was deserved. In the past, there were bad products, bad actors, weak regulation, and not enough consumer protections. Those stories have been passed down through families, churches, and communities, shaping the way many people think about reverse mortgages today. But Accola says today’s reverse mortgages are very different, especially when handled by qualified professionals and governed by stronger safeguards. Much of the fear surrounding reverse mortgages is based on outdated information. Many people assume that taking out a reverse mortgage means losing ownership of their home. But that is not how the product works. A reverse mortgage is simply a lien on the property. The homeowner does not lose ownership of the home, and monthly payments are not required. Instead, the loan is repaid later, usually when the borrower sells the home, moves out, or passes away. That distinction matters because many retirees may be making decisions based on fear rather than accurate information. Is All Debt Bad Debt? Another common concern is that reverse mortgages are simply “bad debt.” But Accola points out that not all debt functions the same way. Most people would not have been able to build wealth through homeownership if they had waited until they could pay for their first house in cash. A traditional mortgage often allows families to purchase a home, build equity, and create long-term stability. Of course, some debt can be dangerous. Credit card debt, high-interest loans, and unnecessary consumer debt can quickly become burdensome. Proverbs 22:7 reminds us, “The rich rules over the poor, and the borrower is the slave of the lender.” That warning should lead us to approach debt with humility and caution. But a reverse mortgage is different from many other forms of debt because it does not require mandatory monthly payments. That feature may provide flexibility for retirees who are trying to manage cash flow, reduce pressure on investment accounts, or remain in their homes without selling. This does not mean a reverse mortgage is right for everyone. It simply means the question should not be answered by fear or assumptions alone. The better question is whether this tool serves wise stewardship in a specific family’s situation. Why Some Christians Feel Guilty For many believers, the hesitation is not only financial—it is spiritual. Some Christians have heard the message that being debt-free automatically makes someone more faithful or responsible. While there is great wisdom in eliminating unnecessary debt, that does not mean every form of debt is morally the same. Accola notes that many retirees still carry mortgage debt into retirement. In fact, many homeowners reach retirement age without having paid off their homes entirely. Others may own their homes but need additional income flexibility. In those situations, shame can become a barrier to wisdom. A retiree may think, “I should have done better,” or “I must not be faithful if I st

Many retirees spend decades building equity in their homes. But could that equity become a wise tool for stewardship in the next season of life? For many people, the words reverse mortgage raise immediate concerns. Some of those concerns come from outdated information, past abuses, or even a sense of guilt about taking on debt later in life. But is it possible that some retirees have dismissed this option too quickly? Harlan Accola, who leads the reverse mortgage team at Movement Mortgage , joined the show today to help separate myth from reality and explain how today’s reverse mortgages may fit into a broader financial plan for some homeowners. Why Reverse Mortgages Have a Stigma Reverse mortgages have carried a strong stigma for years, and according to Accola, some of that reputation was deserved. In the past, there were bad products, bad actors, weak regulation, and not enough consumer protections. Those stories have been passed down through families, churches, and communities, shaping the way many people think about reverse mortgages today. But Accola says today’s reverse mortgages are very different, especially when handled by qualified professionals and governed by stronger safeguards. Much of the fear surrounding reverse mortgages is based on outdated information. Many people assume that taking out a reverse mortgage means losing ownership of their home. But that is not how the product works. A reverse mortgage is simply a lien on the property. The homeowner does not lose ownership of the home, and monthly payments are not required. Instead, the loan is repaid later, usually when the borrower sells the home, moves out, or passes away. That distinction matters because many retirees may be making decisions based on fear rather than accurate information. Is All Debt Bad Debt? Another common concern is that reverse mortgages are simply “bad debt.” But Accola points out that not all debt functions the same way. Most people would not have been able to build wealth through homeownership if they had waited until they could pay for their first house in cash. A traditional mortgage often allows families to purchase a home, build equity, and create long-term stability. Of course, some debt can be dangerous. Credit card debt, high-interest loans, and unnecessary consumer debt can quickly become burdensome. Proverbs 22:7 reminds us, “The rich rules over the poor, and the borrower is the slave of the lender.” That warning should lead us to approach debt with humility and caution. But a reverse mortgage is different from many other forms of debt because it does not require mandatory monthly payments. That feature may provide flexibility for retirees who are trying to manage cash flow, reduce pressure on investment accounts, or remain in their homes without selling. This does not mean a reverse mortgage is right for everyone. It simply means the question should not be answered by fear or assumptions alone. The better question is whether this tool serves wise stewardship in a specific family’s situation. Why Some Christians Feel Guilty For many believers, the hesitation is not only financial—it is spiritual. Some Christians have heard the message that being debt-free automatically makes someone more faithful or responsible. While there is great wisdom in eliminating unnecessary debt, that does not mean every form of debt is morally the same. Accola notes that many retirees still carry mortgage debt into retirement. In fact, many homeowners reach retirement age without having paid off their homes entirely. Others may own their homes but need additional income flexibility. In those situations, shame can become a barrier to wisdom. A retiree may think, “I should have done better,” or “I must not be faithful if I st

For many retirees, their home is their largest asset. Yet in countless financial plans, that asset is treated as if it barely exists. Retirement conversations often focus on Social Security, pensions, IRAs, and investment accounts while overlooking the value built up in a home over decades. On today’s episode of Faith and Finance , Harlan Accola of Movement Mortgage joins to discuss why home equity may deserve a more thoughtful place in retirement planning—and how a reverse mortgage, when used wisely, can become one tool among many. The Overlooked Asset in Many Retirement Plans According to Harlan, many planning tools display home equity on paper but treat it as untouchable. In practice, that means one of a retiree’s largest resources is often ignored. Why does this happen? Sometimes, advisors are not trained to incorporate home equity strategically. Other times, people assume reverse mortgages are only for emergencies or financial distress. But that perspective may miss an important opportunity. Harlan describes home equity as a potential third bucket alongside income sources and investment accounts. Instead of relying only on withdrawals from retirement savings, some retirees may be able to use home equity strategically to reduce pressure on their portfolio. That can be especially helpful during market downturns or in years when withdrawing from investments would be less advantageous. The idea is not to replace investments or income, but to strengthen the overall plan by considering every available resource. More Than Monthly Cash Flow When people hear “reverse mortgage,” they often think only about immediate cash needs. But strategic planning can involve much more than that. Harlan noted that incorporating home equity may create flexibility in several areas, including: Timing withdrawals from retirement accounts Managing taxable income in retirement Deciding when to begin Social Security Planning for long-term care needs Preserving investment assets longer These decisions can significantly impact long-term financial outcomes. What About Leaving an Inheritance? One common concern is whether using home equity will leave nothing to pass on. Harlan explained that many families are surprised to learn that this is not always the case. Depending on appreciation, spending patterns, and the overall plan, some home equity may remain. In some scenarios, overall net worth may even improve because other assets were preserved. Of course, every situation is different, which is why personalized analysis matters. A Biblical Perspective on Stewardship Scripture reminds us, “Moreover, it is required of stewards that they be found faithful” (1 Corinthians 4:2). Faithful stewardship means wisely managing everything God has entrusted to us—including assets we may be tempted to ignore. A home is more than shelter. It can also be a financial resource that, when handled prudently, helps provide stability, reduce burdens on loved ones, and create greater freedom for generosity. That does not mean a reverse mortgage is right for everyone. But it does mean it may be worth understanding before dismissing it. Consider the Whole Picture Wise planning begins by asking better questions. Instead of assuming home equity should remain untouched, consider whether it has a role in your broader financial strategy. If you’d like to explore how reverse mortgages fit into retirement planning, learn more from our trusted partners at Movement Mortgage at FaithFi.c

For many retirees, their home is their largest asset. Yet in countless financial plans, that asset is treated as if it barely exists. Retirement conversations often focus on Social Security, pensions, IRAs, and investment accounts while overlooking the value built up in a home over decades. On today’s episode of Faith and Finance , Harlan Accola of Movement Mortgage joins to discuss why home equity may deserve a more thoughtful place in retirement planning—and how a reverse mortgage, when used wisely, can become one tool among many. The Overlooked Asset in Many Retirement Plans According to Harlan, many planning tools display home equity on paper but treat it as untouchable. In practice, that means one of a retiree’s largest resources is often ignored. Why does this happen? Sometimes, advisors are not trained to incorporate home equity strategically. Other times, people assume reverse mortgages are only for emergencies or financial distress. But that perspective may miss an important opportunity. Harlan describes home equity as a potential third bucket alongside income sources and investment accounts. Instead of relying only on withdrawals from retirement savings, some retirees may be able to use home equity strategically to reduce pressure on their portfolio. That can be especially helpful during market downturns or in years when withdrawing from investments would be less advantageous. The idea is not to replace investments or income, but to strengthen the overall plan by considering every available resource. More Than Monthly Cash Flow When people hear “reverse mortgage,” they often think only about immediate cash needs. But strategic planning can involve much more than that. Harlan noted that incorporating home equity may create flexibility in several areas, including: Timing withdrawals from retirement accounts Managing taxable income in retirement Deciding when to begin Social Security Planning for long-term care needs Preserving investment assets longer These decisions can significantly impact long-term financial outcomes. What About Leaving an Inheritance? One common concern is whether using home equity will leave nothing to pass on. Harlan explained that many families are surprised to learn that this is not always the case. Depending on appreciation, spending patterns, and the overall plan, some home equity may remain. In some scenarios, overall net worth may even improve because other assets were preserved. Of course, every situation is different, which is why personalized analysis matters. A Biblical Perspective on Stewardship Scripture reminds us, “Moreover, it is required of stewards that they be found faithful” (1 Corinthians 4:2). Faithful stewardship means wisely managing everything God has entrusted to us—including assets we may be tempted to ignore. A home is more than shelter. It can also be a financial resource that, when handled prudently, helps provide stability, reduce burdens on loved ones, and create greater freedom for generosity. That does not mean a reverse mortgage is right for everyone. But it does mean it may be worth understanding before dismissing it. Consider the Whole Picture Wise planning begins by asking better questions. Instead of assuming home equity should remain untouched, consider whether it has a role in your broader financial strategy. If you’d like to explore how reverse mortgages fit into retirement planning, learn more from our trusted partners at Movement Mortgage at FaithFi.c

Reverse mortgages often trigger strong reactions—especially among believers who want to honor God with their finances. But are those reactions grounded in biblical wisdom…or outdated information? When it comes to debt and home equity, emotions can run high. Yet Scripture calls us to something deeper than instinct—it calls us to understanding. As Proverbs 19:20 reminds us, “Listen to advice and accept instruction, that you may gain wisdom in the future.” To help bring clarity to this often misunderstood topic, Harlan Accola—who leads the reverse mortgage team at Movement Mortgage —joins the show today to separate fact from fiction. Why Reverse Mortgages Carry So Much Stigma For many people, the phrase reverse mortgage immediately raises red flags. And to be fair, some of that concern is rooted in history. As Harlan Accola explains, earlier versions of these loans—and in some cases, unethical practices—damaged trust. Like many industries, there were bad actors who misused the product and took advantage of seniors. But today’s reverse mortgage is very different. Modern reverse mortgages are federally regulated through the Federal Housing Administration (FHA) and include strong consumer protections designed specifically for older homeowners. Still, misinformation persists—often passed along by well-meaning friends, family members, or even within church communities. That’s why biblical wisdom matters here. We’re called not just to react, but to understand. Not All Debt Is the Same One of the biggest misconceptions about reverse mortgages is that they’re simply another form of dangerous debt. But as Harlan points out, not all debt functions the same way. Traditional consumer debt—like credit cards or auto loans—requires monthly payments. Miss those payments, and the consequences can quickly escalate, creating stress and financial strain. A reverse mortgage, however, works very differently: There are no required monthly principal or interest payments The homeowner must continue paying property taxes and insurance The loan is non-recourse, meaning the borrower will never owe more than the value of the home That final point is key. If the home’s value declines, the borrower (or their heirs) is not personally responsible for the difference. As Harlan emphasizes, understanding the mechanics of a financial product is essential before comparing it to others—or dismissing it altogether. A Practical Scenario: When Cash Flow Becomes a Struggle Harlan highlights a situation that’s becoming increasingly common. Many homeowners in their 60s and 70s have built substantial equity—but still carry monthly mortgage payments. In fact, a significant number of Americans over 62—and even over 75—are still making those payments. When unexpected expenses arise—a roof repair, a broken water heater—many turn to high-interest credit cards to cover the gap. This is where a reverse mortgage may offer relief. By eliminating a monthly mortgage payment, it can: Improve monthly cash flow Reduce reliance on high-interest debt Lower financial stress Harlan also notes that this added margin can even open the door to greater generosity—freeing individuals to steward their resources more intentionally. A Stewardship Lens: Discernment Over Reaction For Christians, financial decisions are never just about numbers—they’re about faithfulness. That means we shouldn’t reject or embrace any financial tool without first understanding it. Wisdom requires discernment, not assumptions. Reverse mortgages aren’t right for everyone. But as Harlan Accola reminds us, decisions should be based on accurate information—not outdated fears. As Proverbs 19:20 encourages

Reverse mortgages often trigger strong reactions—especially among believers who want to honor God with their finances. But are those reactions grounded in biblical wisdom…or outdated information? When it comes to debt and home equity, emotions can run high. Yet Scripture calls us to something deeper than instinct—it calls us to understanding. As Proverbs 19:20 reminds us, “Listen to advice and accept instruction, that you may gain wisdom in the future.” To help bring clarity to this often misunderstood topic, Harlan Accola—who leads the reverse mortgage team at Movement Mortgage —joins the show today to separate fact from fiction. Why Reverse Mortgages Carry So Much Stigma For many people, the phrase reverse mortgage immediately raises red flags. And to be fair, some of that concern is rooted in history. As Harlan Accola explains, earlier versions of these loans—and in some cases, unethical practices—damaged trust. Like many industries, there were bad actors who misused the product and took advantage of seniors. But today’s reverse mortgage is very different. Modern reverse mortgages are federally regulated through the Federal Housing Administration (FHA) and include strong consumer protections designed specifically for older homeowners. Still, misinformation persists—often passed along by well-meaning friends, family members, or even within church communities. That’s why biblical wisdom matters here. We’re called not just to react, but to understand. Not All Debt Is the Same One of the biggest misconceptions about reverse mortgages is that they’re simply another form of dangerous debt. But as Harlan points out, not all debt functions the same way. Traditional consumer debt—like credit cards or auto loans—requires monthly payments. Miss those payments, and the consequences can quickly escalate, creating stress and financial strain. A reverse mortgage, however, works very differently: There are no required monthly principal or interest payments The homeowner must continue paying property taxes and insurance The loan is non-recourse, meaning the borrower will never owe more than the value of the home That final point is key. If the home’s value declines, the borrower (or their heirs) is not personally responsible for the difference. As Harlan emphasizes, understanding the mechanics of a financial product is essential before comparing it to others—or dismissing it altogether. A Practical Scenario: When Cash Flow Becomes a Struggle Harlan highlights a situation that’s becoming increasingly common. Many homeowners in their 60s and 70s have built substantial equity—but still carry monthly mortgage payments. In fact, a significant number of Americans over 62—and even over 75—are still making those payments. When unexpected expenses arise—a roof repair, a broken water heater—many turn to high-interest credit cards to cover the gap. This is where a reverse mortgage may offer relief. By eliminating a monthly mortgage payment, it can: Improve monthly cash flow Reduce reliance on high-interest debt Lower financial stress Harlan also notes that this added margin can even open the door to greater generosity—freeing individuals to steward their resources more intentionally. A Stewardship Lens: Discernment Over Reaction For Christians, financial decisions are never just about numbers—they’re about faithfulness. That means we shouldn’t reject or embrace any financial tool without first understanding it. Wisdom requires discernment, not assumptions. Reverse mortgages aren’t right for everyone. But as Harlan Accola reminds us, decisions should be based on accurate information—not outdated fears. As Proverbs 19:20 encourages

Homes hold memories. They hold family history, meaning, and for many, a lifetime of love. But as we age, the very places that once felt secure can quietly become harder—and riskier—to live in. Most homes in the U.S. were never designed for aging bodies. Yet many older adults feel emotionally and financially locked in. The result? Families delay important housing decisions until a crisis forces change. Today, we were joined by Harlan Accola, who leads the reverse mortgage team at Movement Mortgage , about a lesser-known option that may help older adults move into safer homes—without taking on new required monthly payments. The Hidden Danger: Falls at Home Falls are far more common—and costly—than most people realize. Roughly 30 million older Americans fall each year. About one in five of those falls results in serious injury, often leading to hospitalization. The direct medical costs alone total nearly $50 billion annually. But the emotional and lifestyle costs for families can be even greater. What’s sobering is where these falls happen. Not in extreme situations—but in ordinary places: Stairways Bathrooms Entryways Narrow hallways These everyday features become obstacles as mobility changes. Why So Many Homes Don’t Fit Aging Adults Most homes were built decades ago for young families in different stages of life. Only a small percentage include basic accessibility features such as: Step-free entries Main-floor bedrooms Main-floor bathrooms Wider doorways and hallways As a result, stairs, tubs, and tight spaces often push older adults toward assisted living or nursing homes—not because they want to move, but because their homes no longer support their safety. Why Many Families Feel “Stuck” Even when homeowners recognize their house isn’t ideal anymore, they often hesitate to move. There are two major reasons: 1. Emotional Attachment This is the home where children were raised, and milestones were celebrated. Letting go isn’t easy. 2. Financial Lock-In Many retirees either: Have very low mortgage rates (2–3%), or Own their homes outright They worry that selling means taking on a new mortgage payment—something they might regret later in life. So they stay…often until something goes wrong. A Little-Known Option: Reverse Mortgage for Purchase Many people assume a reverse mortgage is only for accessing equity in their current home. But there’s another option: using a reverse mortgage at the point of purchase. Here’s how it can work: A homeowner sells their current home. They use the proceeds to purchase a new, safer home. A reverse mortgage helps cover the difference. For example: Sell a $300,000 home. Purchase a $500,000 home. Use a $200,000 reverse mortgage for purchase. The key distinction? No required monthly mortgage payments for as long as the homeowner lives in the home. That opens the door to: Newer construction Energy-efficient homes Low-maintenance properties Better design for aging in place A Shift in Thinking: Prevention, Not Reaction One of the wisest principles in Scripture is found in Proverbs 27:12: “The prudent see danger and take refuge.” Housing decisions in later life should reflect that kind of prudence. Rather than waiting for: A fall A wheelchair A medical emergency Families can proactively ask: How can we use the housing wealth we’ve built to improve safety and quality of life—while we’re still healthy? W

Homes hold memories. They hold family history, meaning, and for many, a lifetime of love. But as we age, the very places that once felt secure can quietly become harder—and riskier—to live in. Most homes in the U.S. were never designed for aging bodies. Yet many older adults feel emotionally and financially locked in. The result? Families delay important housing decisions until a crisis forces change. Today, we were joined by Harlan Accola, who leads the reverse mortgage team at Movement Mortgage , about a lesser-known option that may help older adults move into safer homes—without taking on new required monthly payments. The Hidden Danger: Falls at Home Falls are far more common—and costly—than most people realize. Roughly 30 million older Americans fall each year. About one in five of those falls results in serious injury, often leading to hospitalization. The direct medical costs alone total nearly $50 billion annually. But the emotional and lifestyle costs for families can be even greater. What’s sobering is where these falls happen. Not in extreme situations—but in ordinary places: Stairways Bathrooms Entryways Narrow hallways These everyday features become obstacles as mobility changes. Why So Many Homes Don’t Fit Aging Adults Most homes were built decades ago for young families in different stages of life. Only a small percentage include basic accessibility features such as: Step-free entries Main-floor bedrooms Main-floor bathrooms Wider doorways and hallways As a result, stairs, tubs, and tight spaces often push older adults toward assisted living or nursing homes—not because they want to move, but because their homes no longer support their safety. Why Many Families Feel “Stuck” Even when homeowners recognize their house isn’t ideal anymore, they often hesitate to move. There are two major reasons: 1. Emotional Attachment This is the home where children were raised, and milestones were celebrated. Letting go isn’t easy. 2. Financial Lock-In Many retirees either: Have very low mortgage rates (2–3%), or Own their homes outright They worry that selling means taking on a new mortgage payment—something they might regret later in life. So they stay…often until something goes wrong. A Little-Known Option: Reverse Mortgage for Purchase Many people assume a reverse mortgage is only for accessing equity in their current home. But there’s another option: using a reverse mortgage at the point of purchase. Here’s how it can work: A homeowner sells their current home. They use the proceeds to purchase a new, safer home. A reverse mortgage helps cover the difference. For example: Sell a $300,000 home. Purchase a $500,000 home. Use a $200,000 reverse mortgage for purchase. The key distinction? No required monthly mortgage payments for as long as the homeowner lives in the home. That opens the door to: Newer construction Energy-efficient homes Low-maintenance properties Better design for aging in place A Shift in Thinking: Prevention, Not Reaction One of the wisest principles in Scripture is found in Proverbs 27:12: “The prudent see danger and take refuge.” Housing decisions in later life should reflect that kind of prudence. Rather than waiting for: A fall A wheelchair A medical emergency Families can proactively ask: How can we use the housing wealth we’ve built to improve safety and quality of life—while we’re still healthy? W

Long-term care has quickly become one of the greatest financial and emotional pressures facing American families. Rising costs, longer life expectancy, and limited insurance coverage have created a situation few retirees are prepared for. On today’s episode of Faith and Finance , Harlan Accola joins us to explore this issue. He leads the reverse mortgage team at Movement Mortgage and works closely with families navigating long-term care decisions. Accola describes long-term care as “the elephant in the room.” As Baby Boomers age and care needs rise, families are trying to balance support for aging parents with raising children and managing their own financial responsibilities. Many households avoid discussing care needs until a crisis forces difficult decisions. The numbers reveal why planning is essential. Studies estimate that between 50% and 70% of retirees will require some level of long-term care during their lives. Yet more than 90% of those individuals have not purchased long-term care insurance—and many assume Medicare will cover the cost of nursing or assisted living facilities. In reality, Medicare provides limited short-term rehabilitation benefits, while long-term care typically falls under Medicaid, which only applies once a person has depleted most of their financial assets. Costs vary widely by region, but nursing facilities can range from $80,000 to $120,000 per year, and in-home care providers may charge $30–$40 per hour. Just one or two years of intensive care can rapidly deplete savings intended to last decades in retirement. One of the most overlooked financial risks is the well-being of the surviving spouse. Accola notes that husbands often require extensive care first, and the assets used to pay for their care can leave their wives financially vulnerable after their passing. Without adequate planning, the surviving spouse may face an underfunded retirement and fewer choices for her own care needs. To address this gap, families are encouraged to expand their planning tools. One strategy Accola highlights is to tap housing wealth through reverse mortgages. Because many retirees have significant equity tied up in their homes, a reverse mortgage can unlock funds without requiring monthly payments. These tax-free dollars can be used to pay for in-home care, cover long-term care insurance premiums, or bridge the gap between retirement income and care costs. It also allows individuals to remain at home longer—often delaying or avoiding the need for costly facility care—and preserves retirement accounts for the surviving spouse. Accola emphasizes that reverse mortgages are not a universal solution, but they should be included in the suite of planning options that families evaluate, alongside insurance, savings strategies, and Medicaid planning. Far too many households ignore the issue entirely or assume Medicare will handle it. As long-term care needs continue to rise, proactive planning is no longer optional. Exploring the full range of financial tools available can reduce stress, protect surviving spouses, and provide dignity and stability during the later stages of life. On Today’s Program, Rob Answers Listener Questions: I’m 66 and plan to retire at 70. I can take full Social Security at 66 and 10 months. Should I start benefits now while continuing to work full-time, or wait? If I take it now, should I place the funds in an IUL, an IBC strategy, or invest through my Edward Jones account? I’ve borrowed from my 401(k) several times over the past decade and paid myself interest. Since I hate paying interest on loans like auto loans, is borrowing from my 401(k) a better option than t

Long-term care has quickly become one of the greatest financial and emotional pressures facing American families. Rising costs, longer life expectancy, and limited insurance coverage have created a situation few retirees are prepared for. On today’s episode of Faith and Finance , Harlan Accola joins us to explore this issue. He leads the reverse mortgage team at Movement Mortgage and works closely with families navigating long-term care decisions. Accola describes long-term care as “the elephant in the room.” As Baby Boomers age and care needs rise, families are trying to balance support for aging parents with raising children and managing their own financial responsibilities. Many households avoid discussing care needs until a crisis forces difficult decisions. The numbers reveal why planning is essential. Studies estimate that between 50% and 70% of retirees will require some level of long-term care during their lives. Yet more than 90% of those individuals have not purchased long-term care insurance—and many assume Medicare will cover the cost of nursing or assisted living facilities. In reality, Medicare provides limited short-term rehabilitation benefits, while long-term care typically falls under Medicaid, which only applies once a person has depleted most of their financial assets. Costs vary widely by region, but nursing facilities can range from $80,000 to $120,000 per year, and in-home care providers may charge $30–$40 per hour. Just one or two years of intensive care can rapidly deplete savings intended to last decades in retirement. One of the most overlooked financial risks is the well-being of the surviving spouse. Accola notes that husbands often require extensive care first, and the assets used to pay for their care can leave their wives financially vulnerable after their passing. Without adequate planning, the surviving spouse may face an underfunded retirement and fewer choices for her own care needs. To address this gap, families are encouraged to expand their planning tools. One strategy Accola highlights is to tap housing wealth through reverse mortgages. Because many retirees have significant equity tied up in their homes, a reverse mortgage can unlock funds without requiring monthly payments. These tax-free dollars can be used to pay for in-home care, cover long-term care insurance premiums, or bridge the gap between retirement income and care costs. It also allows individuals to remain at home longer—often delaying or avoiding the need for costly facility care—and preserves retirement accounts for the surviving spouse. Accola emphasizes that reverse mortgages are not a universal solution, but they should be included in the suite of planning options that families evaluate, alongside insurance, savings strategies, and Medicaid planning. Far too many households ignore the issue entirely or assume Medicare will handle it. As long-term care needs continue to rise, proactive planning is no longer optional. Exploring the full range of financial tools available can reduce stress, protect surviving spouses, and provide dignity and stability during the later stages of life. On Today’s Program, Rob Answers Listener Questions: I’m 66 and plan to retire at 70. I can take full Social Security at 66 and 10 months. Should I start benefits now while continuing to work full-time, or wait? If I take it now, should I place the funds in an IUL, an IBC strategy, or invest through my Edward Jones account? I’ve borrowed from my 401(k) several times over the past decade and paid myself interest. Since I hate paying interest on loans like auto loans, is borrowing from my 401(k) a better option than t

Many retirees today feel squeezed. Rising costs, fixed incomes, and market uncertainty can make the retirement years feel more fragile than expected. Yet for many households, one of their largest assets—their home—often sits unused in their financial plan. For years, reverse mortgages carried a mixed reputation. But significant reforms over the last decade have reshaped the program, making today’s options safer, more flexible, and better aligned with thoughtful retirement planning. Today, we are joined by Harlan Accola, National Reverse Mortgage Director with Movement Mortgage , to explore how home equity can play a more intentional role in retirement. Why Home Equity Is Often Overlooked For many retirees, their home represents their single largest asset. Yet it’s frequently absent from retirement conversations. One reason is perception. Outdated assumptions and negative press have long hampered reverse mortgages. Another reason is structural: many financial advisors simply aren’t trained—or compensated—to incorporate home equity into retirement planning. As a result, planning conversations often focus on investments, Social Security, pensions, and insurance, while equity is quietly ignored. That oversight can create strain. When too much wealth is locked inside a home, retirees may feel cash-poor even while sitting on significant net worth—especially if they’re still making monthly mortgage payments. Much of what people fear about reverse mortgages no longer applies. Major legislative reforms roughly a decade ago addressed earlier concerns and strengthened consumer protections. Today’s reverse mortgage programs are federally regulated and far more transparent. In fact, recent industry surveys—including data from J.D. Power —show that more than 90% of reverse mortgage borrowers report being satisfied with their experience. As more people hear positive stories from neighbors and friends, perceptions continue to shift. Key Benefits of Today’s Reverse Mortgages The most immediate benefit for many retirees is simple: eliminating a monthly mortgage payment. I’ve spoken with retirees who are using a significant portion of their Social Security income just to cover housing costs. Removing that payment can dramatically improve monthly cash flow—even for those who technically “can afford” the payment. Another powerful benefit is preparation. Long-term care remains one of the largest unfunded risks in retirement. For homeowners who have already paid off their house, a reverse mortgage can establish a guaranteed line of credit before it’s needed. Think of it as getting an umbrella before it starts raining—access to funds that can be used later if health care needs arise or unexpected expenses surface. A Third Bucket in Retirement Planning Traditionally, retirees think in terms of two buckets: income and investments. But home equity can function as a third. The early years of retirement are often the most critical. Drawing too quickly from investments doesn’t just reduce the balance—it also eliminates years of future growth. By using home equity strategically, retirees may be able to reduce pressure on their investment portfolio, delay Social Security, and extend the longevity of their overall plan. In many cases, this isn’t about necessity—it’s about stewardship. Rather than leaving a major asset idle or waiting until it must be accessed in distress, home equity can be used intentionally to support stability, flexibility, and peace of mind. Reverse mortgages aren’t for everyone, and they should always be evaluated carefully within a broader financial plan. But for those in the later seasons of life—especially homeo

Many retirees today feel squeezed. Rising costs, fixed incomes, and market uncertainty can make the retirement years feel more fragile than expected. Yet for many households, one of their largest assets—their home—often sits unused in their financial plan. For years, reverse mortgages carried a mixed reputation. But significant reforms over the last decade have reshaped the program, making today’s options safer, more flexible, and better aligned with thoughtful retirement planning. Today, we are joined by Harlan Accola, National Reverse Mortgage Director with Movement Mortgage , to explore how home equity can play a more intentional role in retirement. Why Home Equity Is Often Overlooked For many retirees, their home represents their single largest asset. Yet it’s frequently absent from retirement conversations. One reason is perception. Outdated assumptions and negative press have long hampered reverse mortgages. Another reason is structural: many financial advisors simply aren’t trained—or compensated—to incorporate home equity into retirement planning. As a result, planning conversations often focus on investments, Social Security, pensions, and insurance, while equity is quietly ignored. That oversight can create strain. When too much wealth is locked inside a home, retirees may feel cash-poor even while sitting on significant net worth—especially if they’re still making monthly mortgage payments. Much of what people fear about reverse mortgages no longer applies. Major legislative reforms roughly a decade ago addressed earlier concerns and strengthened consumer protections. Today’s reverse mortgage programs are federally regulated and far more transparent. In fact, recent industry surveys—including data from J.D. Power —show that more than 90% of reverse mortgage borrowers report being satisfied with their experience. As more people hear positive stories from neighbors and friends, perceptions continue to shift. Key Benefits of Today’s Reverse Mortgages The most immediate benefit for many retirees is simple: eliminating a monthly mortgage payment. I’ve spoken with retirees who are using a significant portion of their Social Security income just to cover housing costs. Removing that payment can dramatically improve monthly cash flow—even for those who technically “can afford” the payment. Another powerful benefit is preparation. Long-term care remains one of the largest unfunded risks in retirement. For homeowners who have already paid off their house, a reverse mortgage can establish a guaranteed line of credit before it’s needed. Think of it as getting an umbrella before it starts raining—access to funds that can be used later if health care needs arise or unexpected expenses surface. A Third Bucket in Retirement Planning Traditionally, retirees think in terms of two buckets: income and investments. But home equity can function as a third. The early years of retirement are often the most critical. Drawing too quickly from investments doesn’t just reduce the balance—it also eliminates years of future growth. By using home equity strategically, retirees may be able to reduce pressure on their investment portfolio, delay Social Security, and extend the longevity of their overall plan. In many cases, this isn’t about necessity—it’s about stewardship. Rather than leaving a major asset idle or waiting until it must be accessed in distress, home equity can be used intentionally to support stability, flexibility, and peace of mind. Reverse mortgages aren’t for everyone, and they should always be evaluated carefully within a broader financial plan. But for those in the later seasons of life—especially homeo

Could a reverse mortgage be a widow’s best friend? Since women typically outlive men, many will one day carry the financial load alone. Today, Harlan Accola joins us to explain how reverse mortgages have changed and why they can offer widows stability, dignity, and confidence for the years ahead. Harlan Accola is the National Reverse Mortgage Director at Movement Mortgage , an underwriter of Faith and Finance . He is also the author of Home Equity and Reverse Mortgages: The Cinderella of the Baby Boomer Retirement. The Longevity Challenge Many people still carry outdated assumptions about reverse mortgages. Some believe they’re risky or predatory—especially for widows. However, over the years, these products have undergone significant evolution, incorporating new safeguards that make them a secure and compassionate option for many older adults, particularly surviving spouses. Women tend to outlive their husbands, often by several years. That creates what financial professionals call longevity risk—the challenge of stretching resources over a longer life. Couples frequently plan their finances assuming they’ll live out retirement together, but the reality is that many widows face 2–10 years of life on their own, often with reduced income. For many, a reverse mortgage can bridge that gap. By allowing homeowners age 62 and older to access the equity in their homes without monthly payments, it provides a steady income—especially for those who want to remain in their homes. The reputation of reverse mortgages has improved dramatically since the early days. When the FHA introduced the program in 1988, some borrowers made unwise choices—like removing their spouse from the home title—which left surviving spouses vulnerable. Thankfully, that changed in 2013. Federal law now requires that both spouses be listed on the loan and protected by it. This safeguard ensures that a widow can remain in her home for as long as she wishes, without fear of foreclosure or forced sale. Dignity and Security for the Years Ahead When a husband passes, household income often drops by around 40%. If a traditional mortgage payment remains, that financial burden can force a widow to sell her home. A reverse mortgage eliminates that risk by converting home equity into income—allowing her to stay in the place she loves, surrounded by memories, with dignity and financial stability. For widows, that security is invaluable. It turns a house into a lasting home, ensuring that the twilight years can be lived not in fear, but in peace. To learn more about whether a reverse mortgage could benefit your situation, visit Movement.com/Faith . On Today’s Program, Rob Answers Listener Questions: I’m trying to find information about a Christian savings and loan, but I haven’t been able to get the contact details. Can you point me in the right direction? I don’t feel like I have enough savings to handle a real emergency. I’m working both full-time and part-time jobs just to keep up with bills, plus I’m trying to pay off student loans and credit cards. I feel stretched thin and don’t know what to do next. I called before about my advisor and wanted to give you an update. Now I have a question: I have a 401(k), a traditional IRA, and a Roth IRA—each with about $100,000. When I retire, do I need to withdraw from one before the others, or is there a better strategy for taking distributions? I recently changed jobs and left my 401(k) with my former employer, which is now closing its doors. Should I roll

Could a reverse mortgage be a widow’s best friend? Since women typically outlive men, many will one day carry the financial load alone. Today, Harlan Accola joins us to explain how reverse mortgages have changed and why they can offer widows stability, dignity, and confidence for the years ahead. Harlan Accola is the National Reverse Mortgage Director at Movement Mortgage , an underwriter of Faith and Finance . He is also the author of Home Equity and Reverse Mortgages: The Cinderella of the Baby Boomer Retirement. The Longevity Challenge Many people still carry outdated assumptions about reverse mortgages. Some believe they’re risky or predatory—especially for widows. However, over the years, these products have undergone significant evolution, incorporating new safeguards that make them a secure and compassionate option for many older adults, particularly surviving spouses. Women tend to outlive their husbands, often by several years. That creates what financial professionals call longevity risk—the challenge of stretching resources over a longer life. Couples frequently plan their finances assuming they’ll live out retirement together, but the reality is that many widows face 2–10 years of life on their own, often with reduced income. For many, a reverse mortgage can bridge that gap. By allowing homeowners age 62 and older to access the equity in their homes without monthly payments, it provides a steady income—especially for those who want to remain in their homes. The reputation of reverse mortgages has improved dramatically since the early days. When the FHA introduced the program in 1988, some borrowers made unwise choices—like removing their spouse from the home title—which left surviving spouses vulnerable. Thankfully, that changed in 2013. Federal law now requires that both spouses be listed on the loan and protected by it. This safeguard ensures that a widow can remain in her home for as long as she wishes, without fear of foreclosure or forced sale. Dignity and Security for the Years Ahead When a husband passes, household income often drops by around 40%. If a traditional mortgage payment remains, that financial burden can force a widow to sell her home. A reverse mortgage eliminates that risk by converting home equity into income—allowing her to stay in the place she loves, surrounded by memories, with dignity and financial stability. For widows, that security is invaluable. It turns a house into a lasting home, ensuring that the twilight years can be lived not in fear, but in peace. To learn more about whether a reverse mortgage could benefit your situation, visit Movement.com/Faith . On Today’s Program, Rob Answers Listener Questions: I’m trying to find information about a Christian savings and loan, but I haven’t been able to get the contact details. Can you point me in the right direction? I don’t feel like I have enough savings to handle a real emergency. I’m working both full-time and part-time jobs just to keep up with bills, plus I’m trying to pay off student loans and credit cards. I feel stretched thin and don’t know what to do next. I called before about my advisor and wanted to give you an update. Now I have a question: I have a 401(k), a traditional IRA, and a Roth IRA—each with about $100,000. When I retire, do I need to withdraw from one before the others, or is there a better strategy for taking distributions? I recently changed jobs and left my 401(k) with my former employer, which is now closing its doors. Should I roll

Learn how reverse mortgages can create lifetime retirement income by unlocking home equity for cash flow, tax benefits, and financial security. In this video, Caleb Guilliams and Harlan Accola break down the myths, strategies, and real-life benefits of using reverse mortgages as a powerful retirement and wealth building tool. Want a Life Insurance Policy? Go Here: https://bttr.ly/bw-yt-aa-clarity Want FREE Whole Life Insurance Resources & Education? Go Here: https://bttr.ly/yt-bw-vault Want Us To Review Your Life Insurance Policy? Click Here: https://bttr.ly/yt-policy-review ______________________________________________ Learn More About BetterWealth: https://betterwealth.com ==================== DISCLAIMER: https://bttr.ly/aapolicy *This video is for entertainment purposes only and is not financial or legal advice. Financial Advice Disclaimer: All content on this channel is for education, discussion, and illustrative purposes only and should not be construed as professional financial advice or recommendation. Should you need such advice, consult a licensed financial or tax advisor. No guarantee is given regarding the accuracy of the information on this channel. Neither host nor guests can be held responsible for any direct or incidental loss incurred by applying any of the information offered.

Many seniors today face significant financial strain—some even resort to borrowing to cover their basic living expenses. For retirees on a fixed income, a reverse mortgage can be a practical solution to access the equity in their home and bring much-needed stability. Harlan Accola joins us today with a message of hope for those looking for margin in their retirement years. Harlan Accola is the National Reverse Mortgage Director at Movement Mortgage , an underwriter of Faith and Finance . He is also the author of Home Equity and Reverse Mortgages: The Cinderella of the Baby Boomer Retirement. The Real Issue: Seniors Struggling with Credit Card Debt Nearly 70% of seniors that Movement speaks with are carrying credit card debt. These aren’t impulsive spenders buying luxury items. They’re retired, living on fixed incomes, and they’re relying on credit just to pay for basics like groceries and prescriptions. They’re often asset-rich but cash-poor—sitting on significant home equity but drowning in interest rates of 25% to 35%. Many people suffer silently, too embarrassed to discuss their financial challenges. They don't realize that the equity in their home could be used to ease their burden without losing the home they love. One of the biggest hurdles is the spread of misinformation. People believe they’ll lose their house, or that a reverse mortgage is inherently bad. In truth, the Home Equity Conversion Mortgage (HECM)—the most common form of reverse mortgage—is federally insured and designed to protect both the homeowner and their heirs. Properly structured, it can be a safe and responsible tool. Who Should Consider a Reverse Mortgage? Anyone over 62 with at least 50–60% equity in their home should take a closer look. A typical scenario might be someone still making monthly mortgage payments, even with a small remaining balance. Those payments—$800, $1,500 or more—can strain fixed retirement budgets. One common misconception is that you lose control of your home. In fact, you and your spouse can stay in your home for life, even if one of you passes away. You can choose how to receive the funds—from monthly income to a lump sum to the most popular option: a line of credit. Whether it’s a car repair or a medical bill, reverse mortgage lines of credit provide flexibility. And it’s all about wise stewardship. At the heart of this decision is a stewardship principle. As Proverbs 24:3 reminds us, “By wisdom a house is built, and through understanding it is established.” It doesn’t make sense to live in a paid-off home but struggle to pay for groceries while racking up 30% interest on credit cards. That’s not good stewardship. Reverse mortgages aren’t for everyone—but many avoid them simply due to fear or misunderstanding. For some, it could be a life-giving solution. If you’re entering—or well into—retirement and want to explore whether a reverse mortgage might be a fit for your situation, visit Movement.com/Faith . On Today’s Program, Rob Answers Listener Questions: I’m 71 and still working, but I’m not sure how much longer I’ll be able to keep it up. Would a reverse mortgage help me eliminate my monthly mortgage payment, allowing me to manage better if I need to stop working? I have recently retired and hold a 401(k) account with Fidelity. Someone mentioned a company called Big Money Retirement Solution, which offers a 9% annual return on an annuity. Should I consider moving half of my portfolio there? I heard there’s a way t

Many seniors today face significant financial strain—some even resort to borrowing to cover their basic living expenses. For retirees on a fixed income, a reverse mortgage can be a practical solution to access the equity in their home and bring much-needed stability. Harlan Accola joins us today with a message of hope for those looking for margin in their retirement years. Harlan Accola is the National Reverse Mortgage Director at Movement Mortgage , an underwriter of Faith and Finance . He is also the author of Home Equity and Reverse Mortgages: The Cinderella of the Baby Boomer Retirement. The Real Issue: Seniors Struggling with Credit Card Debt Nearly 70% of seniors that Movement speaks with are carrying credit card debt. These aren’t impulsive spenders buying luxury items. They’re retired, living on fixed incomes, and they’re relying on credit just to pay for basics like groceries and prescriptions. They’re often asset-rich but cash-poor—sitting on significant home equity but drowning in interest rates of 25% to 35%. Many people suffer silently, too embarrassed to discuss their financial challenges. They don't realize that the equity in their home could be used to ease their burden without losing the home they love. One of the biggest hurdles is the spread of misinformation. People believe they’ll lose their house, or that a reverse mortgage is inherently bad. In truth, the Home Equity Conversion Mortgage (HECM)—the most common form of reverse mortgage—is federally insured and designed to protect both the homeowner and their heirs. Properly structured, it can be a safe and responsible tool. Who Should Consider a Reverse Mortgage? Anyone over 62 with at least 50–60% equity in their home should take a closer look. A typical scenario might be someone still making monthly mortgage payments, even with a small remaining balance. Those payments—$800, $1,500 or more—can strain fixed retirement budgets. One common misconception is that you lose control of your home. In fact, you and your spouse can stay in your home for life, even if one of you passes away. You can choose how to receive the funds—from monthly income to a lump sum to the most popular option: a line of credit. Whether it’s a car repair or a medical bill, reverse mortgage lines of credit provide flexibility. And it’s all about wise stewardship. At the heart of this decision is a stewardship principle. As Proverbs 24:3 reminds us, “By wisdom a house is built, and through understanding it is established.” It doesn’t make sense to live in a paid-off home but struggle to pay for groceries while racking up 30% interest on credit cards. That’s not good stewardship. Reverse mortgages aren’t for everyone—but many avoid them simply due to fear or misunderstanding. For some, it could be a life-giving solution. If you’re entering—or well into—retirement and want to explore whether a reverse mortgage might be a fit for your situation, visit Movement.com/Faith . On Today’s Program, Rob Answers Listener Questions: I’m 71 and still working, but I’m not sure how much longer I’ll be able to keep it up. Would a reverse mortgage help me eliminate my monthly mortgage payment, allowing me to manage better if I need to stop working? I have recently retired and hold a 401(k) account with Fidelity. Someone mentioned a company called Big Money Retirement Solution, which offers a 9% annual return on an annuity. Should I consider moving half of my portfolio there? I heard there’s a way t

Did you know there’s a way to tap into your home’s equity for tax-free cash—without having to make monthly payments? It’s true. It’s called a Home Equity Conversion Mortgage, or HECM—what many of you know as a reverse mortgage. But today’s reverse mortgage isn’t what it used to be. Harlan Accola is here to help us unpack how they work and whether one might be right for you. Harlan Accola is the National Reverse Mortgage Director at Movement Mortgage , an underwriter of Faith and Finance . He is also the author of Home Equity and Reverse Mortgages: The Cinderella of the Baby Boomer Retirement. What’s Changed? A Safer, Regulated Option When you hear the phrase reverse mortgage, you might think of outdated financial tools with a bad reputation. However, home equity conversion mortgages (HECMs) significantly differ from those in the past. Reverse mortgages today are not the “Wild West” products of decades past. Since major reforms were enacted during President Reagan’s term in 1988, HECMs are now heavily regulated under the Federal Housing Administration (FHA). No one can lose their house or have it taken away, provided they're working with a reputable lender and stay in the home while meeting basic obligations. Ownership doesn’t change, and homeowners are protected. These changes addressed the risks that once made reverse mortgages controversial. Now, with strict oversight, they provide a reliable option for seniors wanting to tap into their home equity without selling. Are Reverse Mortgage Interest Rates Too High? It’s a common misconception that reverse mortgage interest rates are significantly higher than traditional mortgages. But that comparison isn’t apples to apples. Interest rates on HECMs are actually tied to the 10-year Treasury rate and are heavily regulated. Right now, interest rates for reverse mortgages are about the same as traditional mortgages—around 6.5%. This means homeowners aren’t sacrificing much, if anything, in interest when compared to forward mortgages. What About Costs and Obligations? The closing costs for reverse mortgages are nearly identical to traditional mortgages, with one key difference: the addition of FHA mortgage insurance. This insurance offers three essential guarantees: You can remain in your home as long as you want (up to age 150!). Thanks to non-recourse debt protections, you will never owe more than the home’s value. Your heirs won’t be left with a bill. Yes, this insurance adds about 2% of the home’s value to the upfront costs, but it’s well worth it—just like homeowner’s insurance is worth it if your house burns down. What Happens When the Borrower Passes Away? A major concern many have is what happens to the home after the homeowner dies or permanently moves out. The key is proper planning. Without a will or trust in place, any mortgage—reverse or traditional—can create problems for heirs. In most cases, the home is simply sold, and any remaining equity belongs to the heirs. For instance, if the reverse mortgage balance were $100,000 on a $400,000 home, the heirs would receive the remaining $300,000. Sometimes, grandchildren may want to keep the home, in which case they can buy out other heirs. Either way, the process can be managed with clear planning. Flexible Payout Options One of the most attractive features of a HECM is its flexibility. Homeowners can choose to receive their funds in a variety of ways: A lump sum A line of credit Monthly income payments Or even a

There’s a saying, “The best time to plant a tree is right now.” Does that logic apply to inheritances? Well, it might in some cases. In other words, is there a benefit to giving your kids an early inheritance? And how exactly would you do that? Harlan Accola joins us today to talk about how a reverse mortgage can accomplish that. Harlan Accola is the National Reverse Mortgage Director at Movement Mortgage , an underwriter of Faith and Finance . He is also the author of Home Equity and Reverse Mortgages: The Cinderella of the Baby Boomer Retirement. Understanding a Home Equity Conversion Mortgage (HECM) Reverse mortgages have evolved significantly over the years, offering new opportunities for financial planning in retirement. A Home Equity Conversion Mortgage (HECM), often referred to simply as a reverse mortgage, is an FHA-insured loan that allows homeowners to convert part of their home equity into cash while still maintaining ownership. Unlike some traditional reverse mortgages of the past, a HECM is non-recourse, meaning borrowers will never owe more than the home’s value, and the loan cannot be called due as long as they continue to pay property taxes and insurance and live in the home. The equity remains with the homeowner and their heirs, with the only change being the portion that is used. Another advantage? The proceeds are tax-free, making it a useful tool for financial planning. The Role of Reverse Mortgages in Retirement Planning While many people focus on eliminating debt entirely in retirement, a reverse mortgage can serve as a strategic financial asset rather than simply a last resort. Many retirees overlook the potential of their home equity as part of their financial portfolio. Instead of just passing a home down to heirs, a reverse mortgage allows parents to leverage their equity while living, providing financial assistance to their children and grandchildren when they need it most. Giving an Early Inheritance: Why It Makes Sense One of the most meaningful ways to use a reverse mortgage is to give an early inheritance—sharing wealth with children or grandchildren while still being alive to witness its impact. As Ron Blue famously said, “Do your giving while you’re living so you’re knowing where it’s going.” Biblical wisdom teaches that wealth should be passed along with wisdom, guiding the next generation not only in how to manage money but also in understanding generosity and stewardship. Many parents already do this when their children are young—teaching them to give, save, and spend wisely. But what about when they are adults? A reverse mortgage provides an opportunity to continue that guidance by offering financial assistance at a time when it may be most needed. How an Early Inheritance Can Help Here are some practical ways a reverse mortgage can be used to bless children and grandchildren: 1. Helping with a Down Payment on a Home With rising housing prices and interest rates, many younger adults struggle to afford a home. Parents can use their home equity to provide a down payment for their children, reducing the amount they need to borrow and making homeownership more affordable. 2. Funding Private Christian Education Many families prioritize faith-based education, but tuition costs can be a burden. A reverse mortgage can help cover private school tuition for grandchildren, ensuring they receive a strong biblical foundation in their education. 3. Supporting Family Mission Trips or Vacations Shared experiences can create lasting memories and strengt

Harlan Accola is one of the leading authorities on reverse mortgages in the United States. Dive in with us to learn about how reverse mortgage can change the scope of EVERY Americans retirement.REV Vendors - https://revagencysyndicate.com/freesources🔔 Subscribe: https://www.youtube.com/channel/UC_SwYb-BB6A0bPPCOrdiPLw📺 Watch Next: https://youtu.be/LAMcEJoDYXM🔗 Connect with us and join the group:Facebook: https://www.facebook.com/groups/winningatinsuranceFor free resources: https://revagencysyndicate.com/freesources🌟 Support Us:What are your thoughts on the show? Let us know how we can improve it!👍 Like this video? Don't forget to give it a thumbs up and share it with your friends!#Investment #Investing #Insurance #business #reversemortgages #mortages

“The prudent see danger and take refuge, but the simple keep going and pay the penalty.” - Proverbs 22:3 That verse is all about how critical it is to look ahead and spot potential problems so you have more time and resources to fix them before they happen. Harlan Accola joins us today to discuss the dangers of keeping mortgage payments into our retirement years. Harlan Accola is the National Reverse Mortgage Director at Movement Mortgage, which is an underwriter of this program. He is also the author of Home Equity and Reverse Mortgages: The Cinderella of the Baby Boomer Retirement. The Changing Landscape of Retirement and Debt Today’s retirees face a vastly different financial landscape compared to previous generations. In 2024 alone, 4.2 million people will turn 65, and more than 50% of them are still making mortgage payments—the highest percentage in history. This contrasts sharply with previous generations, where fewer than 5% of retirees carried mortgage debt into retirement. Several factors contribute to this shift: Rising Home Prices: Houses are significantly more expensive than they were decades ago. Longer Mortgage Terms: More retirees are carrying 30-year mortgages well into retirement. Financial Strain: Seniors are balancing mortgage payments with other financial obligations such as healthcare, inflation, and even supporting aging parents or adult children. This financial burden often leads to seniors neglecting their retirement savings, relying on credit cards, and facing increased financial stress. The Hidden Debt Burden Beyond Mortgages In addition to mortgage payments, credit card debt is at an all-time high among retirees. This generation was the first to widely adopt credit cards, often using them for convenience and rewards. However, unexpected life events—such as health crises, job losses, or the death of a spouse—can quickly turn manageable credit card balances into long-term debt. For retirees struggling with both mortgage and credit card debt, the combination can create a domino effect, draining their financial resources and limiting their options. A Solution: Reverse Mortgages Many seniors with more than 50% home equity have an opportunity to improve their financial situation through a reverse mortgage. This option allows seniors to: Eliminate Mortgage Payments: The biggest monthly expense can be reduced to zero, freeing up cash flow for other essential expenses. Create an Income Stream: If the home is fully or mostly paid off, seniors can tap into their home equity and receive monthly payments, helping them avoid dipping into retirement accounts or relying on credit cards. Preserve Retirement Funds: By utilizing home equity, retirees can avoid withdrawing too much from their investment accounts too early, helping to secure their financial future. The Unique Benefits of Reverse Mortgages Unlike traditional loans, a reverse mortgage is considered non-recourse debt, meaning that seniors will never owe more than the value of their home. This provides a level of financial security, even in the event of a housing market downturn. Reverse mortgages allow seniors to stay in their homes while making payments optional and, in some cases, converting their home equity into a steady source of income—all without financial risk beyond their home's value. By understanding and utilizing the tools available, seniors can achieve greater financial freedom and peace of mind in their retirement years. If you or a loved one are struggling with mortgage payments in retirement, a reverse mortgage with <a href="https://movement.com

"From everyone who has been given much, much will be demanded; and from the one who has been entrusted with much, much more will be asked." - Luke 12:48 When the housing market collapsed in 2008, more than 10 million Americans experienced crashing home values and foreclosures. But out of that financial chaos, a new company arose with a mission to do things differently. Harlan Accola joins us today to talk about it. Harlan Accola is the National Reverse Mortgage Director at Movement Mortgage, which is an underwriter of this program. He is also the author of Home Equity and Reverse Mortgages: The Cinderella of the Baby Boomer Retirement. A Vision Born in Crisis Movement Mortgage stands out in the world of residential lending for more than its exceptional service. Founded during the tumultuous 2008 housing crisis, this company has defied the odds, growing into one of the largest mortgage providers in the nation. With financial institutions collapsing and the housing market in turmoil, Casey Crawford, a former NFL player, saw an opportunity to do things differently. Together with mentor Toby Harris, Casey envisioned a company that would not only provide world-class mortgage services but also glorify God and give back to communities. This bold vision became the bedrock of Movement Mortgage. Faith at the Core Casey Crawford’s faith played a pivotal role in shaping the mission of Movement Mortgage. Having witnessed poverty and systemic challenges across the nation, Casey felt called to address the needs of the disadvantaged. Inspired by the legacy of Christians historically building hospitals and schools, he sought to create a company that would embody these values in modern times. Movement Mortgage was designed to be more than a business—it was a vehicle to serve “the least of these” and bring hope to struggling communities. Innovative Programs with Purpose From the beginning, Movement Mortgage has been about more than profits: Love Works Program: Employees contribute to a fund to assist colleagues in times of need, fostering a culture of mutual support. Grace Works Grants: These grants provide resources to hundreds of organizations nationwide, impacting local communities directly. Despite its unique mission, Movement’s success is rooted in its ability to deliver exceptional service. By prioritizing faster, better, and more efficient mortgage processes, Movement has earned trust and loyalty from clients and industry professionals alike. This commitment to excellence has attracted top talent and allowed the company to thrive. Transforming Lives Through the Movement Foundation Central to Movement’s impact is the Movement Foundation, which channels 50% of the company’s profits into charitable initiatives. This unprecedented commitment has resulted in $377 million given to transformative causes worldwide. Some key initiatives include: Movement Schools: Seven charter schools in underserved areas provide free, high-quality education. These schools aim to break cycles of poverty by equipping children and families with resources for success. Disaster Relief: Whether it’s distributing water to homeless populations during heatwaves or aiding hurricane recovery efforts, Movement responds to crises with compassion and action. Global Outreach: From clean water projects in Uganda to combating sex trafficking in Thailand, the Movement Foundation’s global reach demonstrates its commitment to being the hands and feet of Jesus. Movement Mortgage’s impact extends beyond financial transactions. Employees are encouraged to participate in vision trips and engage with the communities they serve

Are reverse mortgages misunderstood financial traps, or can they be strategic tools for secure retirements? In this episode, Ken New speaks with Harlan Accola, National Reverse Mortgage Director at Movement Mortgage and a seasoned expert in reverse mortgages, about the often misunderstood world of reverse mortgages. They explore how these financial tools have evolved and how they can potentially benefit retirees by tapping into home equity without losing the house. Despite the stigma often associated with them, Ken and Harlan reveal the facts from personal and professional perspectives, offering insights into how reverse mortgages can fit into a comprehensive retirement strategy. Harlan discusses: (02:36) What reverse mortgages and their potential benefits are (05:06) The shift in reverse mortgage regulations and how they provide tax-free income (12:31) How reverse mortgages can aid cash flow and reduce tax burdens (17:06) Using home equity as a proactive financial planning tool (26:29) The importance of involving family in financial decisions And more Consider reverse mortgages part of your financial toolkit, evaluating their fit with your overall plan. Tune in to learn how these loans might open new avenues in your retirement planning. Connect with Ken New: Office Phone: (321) 454-3623 Website: Pinnacle Financial Wealth Management Email: info@pinnaclefinancialwealthmgmt.com LinkedIn: Ken New Facebook: Ken New Blubrry: Proactive Tax Strategies Podcast About the Host: Ken New brings more than 25 years of financial industry experience and expertise. Ken began his financial career as a manager at John Hancock in 1991. Today Ken is the founder & owner of Pinnacle Financial Wealth Management, a private financial firm dedicated to providing holistic financial management and proactive tax strategies to high net-worth individuals, CPA’s, fellow advisors, and attorneys. He has such a unique and wide range of expertise in the financial industry that he is a member of the prestigious Million Dollar Round Table and a past officer of the National Association of Insurance and Financial Planners. As a team based consultant, Ken collaborates with both local and national experts within an exclusive Virtua

Many rules come with exceptions. Perhaps that’s nowhere more true than with financial decisions. In most situations, paying off the mortgage and becoming debt-free is the right decision, but it may not be possible for everyone. Harlan Accola joins us today to discuss “red doors” and exceptions to the rule. Harlan Accola is the National Reverse Mortgage Director at Movement Mortgage, an underwriter of Faith & Finance . He is also the author of Home Equity and Reverse Mortgages: The Cinderella of the Baby Boomer Retirement. The Meaning Behind Red Doors Red doors have rich historical significance. In biblical times, red signified safety and protection, as seen with the Israelites marking their doors during the Passover. In Scottish tradition, a red door symbolized that a home was mortgage-free—a point of pride. Early Americans painted their doors red to signal a place of rest for weary travelers. While red doors symbolize safety and accomplishment, it’s important to rethink what safety truly means. Is safety just about paying off your mortgage? Or could it also mean being able to stay in your home, meet your needs, and share your blessings with others as you age? Reverse Mortgages and Financial Stewardship For many seniors, having a mortgage-free home is a milestone of God’s provision. However, a reverse mortgage (HECM) can provide additional safety, especially for those struggling to make ends meet. It allows seniors to draw income from their home equity and stay in their homes while meeting their financial needs. Seniors over 62 have over $13 trillion in home equity—a massive untapped resource. For some, a reverse mortgage could be an answer to prayer, helping cover bills and providing peace of mind. Reverse mortgages offer a unique opportunity to be good stewards of the resources God has provided, ensuring we can enjoy our homes and meet our needs in retirement. To determine if a reverse mortgage is the right solution for your situation, visit Movement.com/Faith . On Today’s Program, Rob Answers Listener Questions: I am 61 years old and want to file for Social Security at 62. However, I have so much credit card and loan debt that I'm considering filing for bankruptcy, and I would like to know your take. I looked up your credit counseling thing, but they can’t service one of my loans, so I didn't go any further with them. We sold a property in owner finance the property. When do we report the taxes on it? And is it a long-term capital gain? I had it for 15 years and lived in it some, but it wasn't our primary residence. I wanted to know about I-Bonds and the interest rate they're paying currently. The last I heard, you can only buy them through a website. I'm 83 and don't know much about computers. Is there a number I can call? I’m struggling to tithe because my husband and I disagree with how the church spends the money. We feel like we're the only ones who disagree, and it's difficult writing out that tithe check when we don't agree with the financial decisions. We're wondering if we're wrong or if the church is wrong. We don't want to withhold our tithe but feel the money could be spent much better. Resources Mentioned: Movement Mortgage TreasuryDirect.gov Christian Credit Counselors Look At The Sp