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Susan A. Pomfret RICP®️
According to the National Reverse Mortgage Lenders Association (NRMLA), homeowners age 62 and older had housing wealth over $13 trillion. This wealth is not liquid. It’s locked up in home equity at a time when older Americans are looking for ways to fund their retirement. Home Equity Conversion Mortgages (HECMs) are one way to unlock this money, and financial planners now consider them an integral part of financial planning for retirement.
What
Is a HECM?
A
HECM allows homeowners 62 and older to access a portion of their home equity to
use in retirement. Reverse Mortgages are available in certain states for those
55 and older and offer higher loan amounts than HECMs.
Retirement Income Planning Basics
A secure retirement income plan should meet your financial goals and address retirement risks. Financial goals may include a source of income, paying for contingencies, and leaving funds for your heirs. Retirement risks may include longevity, inflation, healthcare costs, the need for long term care, the sequence of withdrawal of your funds from your available sources, and changes in public policy. A financial planner can help you develop a plan to address these issues, and a HECM can be an important part of your plan.
Ways
to Use a HECM in Your Financial Plan
The proceeds from a HECM can be used in any way you wish. Once the HECM has paid off your existing mortgage, a financial planner can help you set priorities for the way you spend these funds, such as:
•
Fund home renovations to age in place
•
Purchase a
new home (HECM or Reverse for Purchase)
•
Spend home
equity first to leverage investable asset growth potential
•
Coordinate
home equity to mitigate sequence of returns risk
•
Use tenure payments to reduce portfolio withdrawals – perhaps to
keep them at a
•
sustainable level (4-6%)
•
Use tenure payments as an annuity alternative
•
Delay your Social Security
•
Manage your tax bracket
•
Manage a Roth conversion
•
Pay for long-term health care
•
Fund end-of-life care
•
Protect your home’s value
• Create a contingency fund
If you are considering a HECM as part of your retirement plan, it’s important to remember that the amount you can borrow is determined by the age of the youngest borrower, the interest rate, and the appraised value of the home or maximum claim amount, whichever is less. Also, you’re responsible for property taxes and homeowners’ insurance. Finally, you must continue regular maintenance and make necessary repairs to keep the home in good condition.
If you have additional questions about HECMs or Reverse Mortgages,
I'm here to help. Call me today for more information about this retirement
income option. 401-595-7300.
Program OverviewBaker Senior Center Naples offers Geriatric Mental Health Counseling to address the emotional and psychological challenges commonly experienced by older adults and their families. The program provides licensed, professional outpatient therapy in a supportive setting, including individual, couples, family, and group sessions tailored specifically for seniors.Who It's ForThis program supports seniors and caregivers dealing with: Anxiety and stress Depression Grief and loss Major life transitions (such as retirement or chronic illness) Cognitive changes Low self-esteem Anger, trauma, or unresolved emotional pain Loneliness and isolation Caregiver burnout What It Offers Outpatient Counseling: Confidential therapy for individuals or families needing support. Licensed Clinicians: Therapists are credentialed professionals with extensive geriatric experience. Holistic Mental Health Support: Services are goal-directed and client-centered, often incorporating creative therapies like music and group discussion. Support for Cognitive Conditions: Programming also benefits those experiencing memory loss, combining emotional guidance with social engagement. This program is vital for older adults who may be underserved by traditional mental health services or hesitant to seek help elsewhere.Funding & AccessibilityBaker Senior Center Naples is committed to removing financial barriers to mental health care. The program is: Partially grant-funded, ensuring low or no-cost therapy for qualifying individuals. Insurance-friendly, with many services covered under Medicare or private plans. Supported by donors and foundations, allowing expansion to meet the increasing mental health needs of older adults in Collier and southern Lee counties. Real-Life ImpactThe center has served dozens of seniors facing grief, depression, and isolation. One participant shared how therapy helped her cope with the loss of her spouse, regain emotional balance, and reconnect with life. These stories demonstrate the programs power to transform sadness into strength and disconnection into resilience.Leadership & Clinical Oversight The program is led by Pamela Osborne, LCSW, Chief Clinical Officer, who brings over three decades of experience in geriatric counseling and mental health services. She ensures clinical quality, therapist credentialing, and integration with the centers other programs, such as case management, caregiver support, and memory care services. Why It MattersChallengeSolutionSeniors facing grief or depressionPrivate, professional therapy sessionsCaregivers experiencing burnoutCouples or family counseling for stress reliefEmotional struggles from chronic illnessSupport groups and resilience coachingIsolation and loss of purposeGroup therapy and community-based activitiesLife transitions and role changesShort-term therapeutic support with clear goalsThis program not only supports emotional healing but also promotes dignity, independence, and improved quality of life. How to Access Services Eligibility: Adults aged 60 and older; family caregivers may also participate. Referrals: Seniors can self-refer or be referred by healthcare providers, family members, or case managers. Scheduling Appointments: Call the center directly to discuss availability, insurance coverage, or financial assistance options. Final ThoughtsGeriatric Mental Health Counseling at Baker Senior Center Naples is more than a clinical serviceit is a compassionate bridge to emotional wellbeing for older adults. Through professional counseling, strong leadership, and inclusive access, the center empowers seniors to overcome emotional hardships, reduce isolation, and build healthier, more connected lives. If you or a loved one are facing emotional challenges, Baker Senior Center Naples is ready to helpconfidentially, compassionately, and professionally.
Overview & Why It MattersLoneliness, isolation, and complex health needs are pressing challenges for older adults. In Naples alone: Approximately 1 in 3 seniors wakes up feeling isolated each morning. Loneliness among older adults is associated with a 45% increased risk of mortality. Over 22,000 seniors in Naples live with dementia, and Alzheimers is diagnosed every 66 seconds nationwide. Reddit+12Baker Senior Center Naples+12BenefitsCheckUp+12 To address these challenges, Baker Senior Center Naples offers a robust Geriatric Case Management program designed to help seniors thrive at home, safely and with dignity. What the Program ProvidesProfessional Case Manager Services Conducts comprehensive in-home assessments, including daily living needs, home safety, and fall risk. Develops tailored care plans that may include community referrals, caregiver support, and benefits assistance. Maintains ongoing monitoring and plan adjustments to ensure evolving needs are met. Coordinates Medicare/Medicaid navigation, ensuring access to essential health coverage. Baker Senior Center Naples Volunteer Support Network Offers welfare checks, friendly phone calls, transportation assistance, and social engagement visits. Hosts programs like Music & Memory, delivering meaningful interaction for those with cognitive impairment. Baker Senior Center Naples+1csw.fsu.edu+1 Transportation & AccessibilitySeniors can access non-emergency medical transporttaxis or public transitwith door-to-door service that accommodates essentials like packages and service animals. Flexible scheduling (from same-day to weekly booking) is available, with insurance, voucher, or membership-based payment options. BenefitsCheckUp Impact & Reach Serves over 140 frail seniors, helping them maintain independence and manage chronic health conditions. Baker Senior Center Naples+5Baker Senior Center Naples+5BenefitsCheckUp+5 Funded in part by a $242,500 grant from the Collier Community Foundation, enabling staff expansion to assist around 50 additional low- to moderate-income seniors and handle up to 1,500 case calls yearly. swfloridabusinesstoday.com+4swfloridabusinesstoday.com+4swfloridabusinesstoday.com+4 Extensions & Oversight Part of Baker Senior Centers comprehensive services including clinical mental health care and dementia respite programming overseen by a licensed clinical officer. Reddit+12swfloridabusinesstoday.com+12Baker Senior Center Naples+12 Megan Edwards, CCM, appointed in November 2024 as Director of Geriatric Case Management, enhances reach into under-served populations, supporting independence and reducing homelessness risk. Baker Senior Center Naples+2swfloridabusinesstoday.com+2Baker Senior Center Naples+2 Benefits for Seniors & FamiliesBenefitDescriptionSafety & IndependenceProfessional in-home assessments and care coordination support aging in place.Holistic SupportCombines practical help (transportaging, tech assistance) with emotional and cognitive engagement.Advocacy & AccessGuides seniors through complex systems like Medicare/Medicaid and community services.Isolation ReductionRegular interaction via volunteer visits promotes resilience and social wellbeing. How to Access the Program Eligibility: Adults 60+ in Collier and southern Lee counties; frail or isolated seniors are prioritized. Enrollment: Contact the Center at (239) 3254444 or email for an intake appointment to initiate assessment and care plan development. BenefitsCheckUp+2Baker Senior Center Naples+2Baker Senior Center Naples+2Intellispect+7Baker Senior Center Naples+7Baker Senior Center Naples+7 Summary Baker Senior Center Naples Geriatric Case Management program empowers older adults to remain healthy, connected, and safe in their own homes. Through in-home professional assessments, tailored care plans, volunteer support, and transportation services, this initiative addresses critical needs such as social isolation, health navigation, and quality-of-life concerns. Backed by clinical oversight, community grants, and a strong volunteer force, the program plays a vital role in the centers mission to enrich the lives of seniors in Southwest Florida.
Baker Senior Center Naples sets the stage for vibrant, purpose-driven experiences tailored for adults aged 60 and above. Heres an in-depth look at their dynamic member programs: Core PhilosophyPrograms are thoughtfully crafted to help seniors socialize, stay active, and continue learning in an uplifting, nurturing environment. They equip participants to navigate lifes shifts with ease and confidence Facebook+8Baker Senior Center Naples+8YouTube+8. Weekly Wednesday Hot LunchA cornerstone of their offerings, the midday lunch gathers around 400 members. Its more than a mealits community. It fosters connection and camaraderie while members enjoy social interaction in a welcoming atmosphere . Cyber Caf & Tech ClassesThe Richard M. Schulze Family Foundation Cyber Caf invites members to unwind over coffee and conversation. Beyond leisure, tech workshopscovering smartphones, tablets, and computersempower seniors to stay digitally connected and confident . Arts, Culture & Enrichment ProgramsFrom painting, decoupage, and watercolor to resin creations and readers theater, the center brims with artistic inspiration. Cultural touchpoints like opera viewings, travelogue presentations, film screenings, jazz evenings, and guest lecture series (e.g., on Northern Thailand and nutrition labeling) enrich the mind and spirit . Exercise & Wellness ActivitiesDesigned to promote strength, flexibility, and balance, offerings include: Total Fitness, Senior Fitness, Move & Groove Bone Building Fitness, Tai Chi, Chair Yoga Balance & Posture, Karate Fitness, Flex & Thrive Line Dancing, Morning Yoga, Veterans' Mobility These gentle yet effective sessions support excellent physical well-being DOEA. Mind & Memory EnrichmentMembers engage in mindfulness meditation, origami, trivia, current events, writing groups, and more. Regular documentary features like Our Oceans and bi-weekly movie matinees create shared moments of reflection and dialogue . Music & Social ClubsLearn ukulele, join drum circles or karaoke lounges, take part in the Happy Ukulele Group (HUGS), garden with peers, or enjoy instrument-based gatherings. These social options keep camaraderie thriving . Monthly Featured EventsEach month, exclusive highlights include: Paint the Town evenings Lectures like Northern Thailand Chiang Mai and Lamphun Performances: Gypsy Jazz, Twilight Cabaret, opera presentations Screenings of foreign films such as Jean DiFflorette These events offer rich intellectual and cultural engagement Facebook+3DOEA+3Baker Senior Center Naples+3. Sample Daily ScheduleMondayThursday see packed days: Mornings begin with fitness or creative arts. Midday features hot lunch, documentaries, and social gatherings. Afternoons offer painting, writing, dancing, meditation, and games. Fridays focus on leisure: gardening, cards, games, film screenings, drum circles, art, chess, and comedy clubs form a light-hearted farewell to the week . Dementia & Memory-Focused BreaksThe center supports early memory loss through Brookdale Cognitive Healthstructured activities using music, art, gentle exercise, and socialization to foster cognitive wellness. Caregiver support groups provide much-needed respite and community Baker Senior Center Naples+1Baker Senior Center Naples+1. Watch this quick news segment on how their dementia respite groups are making a real difference: Membership & Access Available to adults 60 and older. Members enroll via MyActiveCenter to reserve classes or events. Non-members can join by applying in person or contacting the center. Programs are offered at minimal or no cost, with many covered by insurance or included in membership Baker Senior Center Naples. Why It MattersBaker Senior Center Naples is more than a community hubits a lifeline. It combats isolation, nurtures lifelong learning, supports mental health, encourages physical activity, and offers crucial support for memory loss and caregiving. Its inclusive, vibrant programming promotes personal growth, connections, and well-being.Interested? Explore the monthly schedule or newsletter for upcoming events. New members can apply at 6200 Autumn Oaks Lane or call (239)3254444. Ask about caregiver support sessions, dementia respite, or tech help. Let me know if you'd like a formatted overview for a flyer or tips on how to highlight certain programs!
At USA Mortgage, we are passionate about helping seniors achieve financial flexibility through Home Equity Conversion Mortgages (HECMs) and other Reverse Mortgage solutions. With a customer-focused approach and over two decades of experience, we provide tailored mortgage options designed to meet the needs of homeowners aged 55 and older.Our dedicated local Team are experts in HECMs/Reverse Mortgages, guiding you every step of the way with a seamless loan process. Whether youre looking to access your homes equity, refinance, or explore a HECM or Reverse for Purchase option, USA Mortgage offers a wide range of solutions to help you reach your financial goals.We pride ourselves on delivering a reliable, detail-oriented, and personalized experience. From the initial consultation toloan closing, our Team is committed to finding the right product that works for you, providing peace of mind and financial freedom. Trust USA Mortgage to be your premier home loan partner, empowering you to make the most of your retirement years.We offer a wide range of mortgage options to suit your specific needs and financial goals. From conventional loans to FHA, VA, and USDA loans, HECM and Reverse Mortgage loans. USA Mortgage has the expertise to help you find the perfect mortgage solution. Susan A. Pomfret, RICP has a career spanning several decades, she is proud to be one of the trailblazers in the reverse mortgage industry, having the honor of originating one of the first HECMs in Rhode Island in 1989 and has since dedicated her career to advancing the industry, playing a pivotal role in elevating companies to new heights. Under her leadership, she has transformed HECM closings, overseen vast teams, and engineered sales strategies nationwide.Susan's passion extends beyond just professional accomplishments; she is deeply committed to the senior community. This is reflected not only in leadership roles within senior-focused non-profit organizations but also in the dedication as a volunteer and advocate. She has been published in numerous mortgage publications, covered esteemed events like the White House Conference on Aging in 2005 and 2015, and was chosen to assist in writing the first Certified Reverse Mortgage Professional (CRMP) exam for the industry's trade organization, the National Reverse Mortgage Lenders Association (NRMLA).In addition to Susan professional endeavors, she holds a Bachelor Degree in Paralegal Studies, a Certificate in Gerontology from Roger Williams University and the Retirement Income Certified Professional Designation from The American College of Finance Services. Susan is driven by the mission to enrich the lives of our senior population and empower retirees to live a financially stress-free retirement.Contact Susan Pomfret, RICP at 401-595-7300 to schedule your free consultation.NMLS#1253876. Licensed in FL (License #LO125044)