This is a rather long title for a new designation for Financial planners, but apparently many of them are seeking to become educated on how to use a reverse loan for retirement planning.
Needless to say, many Advisors refuse to acknowledge the benefits of using funds from a reverse loan, instead of drawing down on a retirement portfolio, but more are becoming open to the suggestion that there are benefits to be had to their clients by using this option.
And article was recently published discussing this new certification and how quickly many financial advisors are undergoing the education to qualify for it’s designation that will “brand” them as current on financial matter and innovative and open to new ideas in retirement planning.
Program Teaches Financial Planners Strategic Use of Reverse Mortgages.
May 20, 2015
A growing number of financial advisors have looked to new designation programs to better guide retirees on how to plan for retirement.
One such program, which teaches advisors about the strategic use of reverse mortgages, has grown in popularity since springing up three years ago — perhaps because of its uniqueness.
The Retirement Income Certified Professional (RICP) designation became the fastest-growing financial advisor credential ever launched in The American College of Financial Services’ 88-year history, according to a recent article on ThinkAdvisor, which notes that some 1,500 financial planners have completed the program, and another 7,000 are currently enrolled.
“The program was designed specifically to address retirement income planning,” said David A. Littell, RICP Retirement Income program director at The New York Center for Retirement Income at the college. “We thought that was what advisors needed. That is what they were asking for. That is what the industry was looking for.”
Written by Emily Study
I will post the remainder of the article tomorrow.