Session #6 - MR27/26 - Mortgage Strategy & Cash Flow

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Key takeaways: • Lower payments can create opportunity By refinancing a $250,000 mortgage, we reduced payments and freed up over $7,800 per year in cash flow. • Cash flow matters more than debt reduction The focus shifted from paying down the mortgage faster to creating a system that supports payments long-term. • Using insurance as a financial tool Redirected cash flow funded a policy designed to provide tax-efficient income in retirement. • A strategy that solves multiple problems If they live, the policy covers the mortgage payment in retirement. If they pass away early, the death benefit pays off the balance with pennies on the dollar. • Accessing your policy in retirement We also covered adjusted cost basis, the premium deposit fund, and pledging a policy as collateral.