Shop for a mortgage with the Professor on your side

Features of The Retirement Funds Integrator (RFI)
The Retirement Funds Integrator (RFI) integrates three major components of a retirement plan that elsewhere are treated separately: financial assets, annuities, and HECM reverse mortgages. Their integration in RFI has the following advantages for the retiree:

Risk Protection

You are protected against the risk of running out of money at an advanced age by the only instrument designed specifically for that purpose: the annuity.


By obtaining an annuity through RFI, you have access to price quotes from over 10 highly-rated insurers offering annuities, and can select the insurer offering the largest annuity payment.

Spendable funds are stabilized

Using RFI, the spendable funds available to you from financial assets, annuity and reverse mortgage are seamlessly integrated – meaning that fund source changes in themselves do not change the payment amounts.

Plan for inflation

You can modify the future pattern of spendable fund draw amounts by adding an inflation adjustment of 1%, 2% or 3% each year, and/or by stipulating a U-shaped pattern or an inverse U-shaped pattern of draw amounts.

Purposeful estate saving

The amount you leave to your estate using RFI is determined mainly by the amount of a Set-Aside created by the retiree for that purpose, rather than by chance.


You can plan when and how to draw on financial assets in a RFI-based plan, receive guidance in the form of distributions of rates of return over relevant historical periods on portfolios similar to your own.

Plan for “worst case”

While planning when and how to draw on financial assets, you can model a “worst case” in which the realized rate of return on assets falls below the rate used in calculating the draw amount. You can stipulate that, if the worst case occurs, the draw amount will be reduced, or the amount needed to offset the deficiency will be drawn from either a HECM credit line or a Set-Aside.

Best HECM deals

HECM reverse mortgages are used either to enhance the monthly draw amounts using term or tenure payment options, or as a standby facility to offset a special need using the credit line option. By accessing a HECM through RFI, you have access to the best deal offered by 9 lenders who provide their pricing to RFI.

Many options

A major feature of RFI is that you have many options. These include the annuity deferment period, the rate of return used to determine the initial draw amount from financial assets, the desired future pattern of draw amounts, whether a HECM reverse mortgage is included in the plan or not, and if it is, which option is to be used. Because RFI is so option rich, graphical time series displays are used to compare alternative scenarios. For the same reason, we envisage you working with an investment advisor.
See If RFI Is Right For Me
© 2023 The Mortgage Professor