Wealth & Wellness: Reverse Mortgages and the Opioid Epidemic's Financial Impact

Women of Wealth

Understanding the financial landscape is more critical than ever, especially when there's an invisible health crisis that may be affecting your employees, business partners, spouse, or yourself. In this episode of Women of Wealth, we welcome the incredible Cheryl Canzanella to deep dive into her expertise in, not only utilizing reverse mortgages as a retirement strategy, but the unfortunate cost of the Opioid Epidemic in America.

Cheryl, with an impressive 25-year career in the financial industry, shares her journey from Merrill Lynch to becoming an advocate for reverse mortgages. She demystifies this financial tool, explaining how it can provide non-taxable cash flow and preserve retirement assets. Cheryl also opens up about her personal connection to the opioid crisis and its staggering economic costs.

Tune in as Cheryl offers invaluable advice for business owners on managing the impact of the opioid epidemic and shares her top financial tips in a fun lightning round! Don't miss her insights on leveraging reverse mortgages for business liquidity and growth.

For more information, check out Movement Mortgage and Cheryl’s advocacy work at opioidfinancialawareness.com. Join us for an episode packed with wisdom and practical strategies!

Cheryl Canzanella's Bio:

With over 25 years of experience in the financial services industry, Cheryl brings a unique perspective connecting two critical topics – the opioid epidemic and the financial services industry – expanding client conversations beyond traditional financial discussions. As the owner of Coastal Life Strategies, she leads advocacy efforts to raise awareness and educate on the opioid epidemic across various industries by intertwining the human elements that shape the lives of clients, employees, and families.

She is the founding President of WIFS Northeast Florida, where she played a pivotal role in fostering professional growth and collaboration among women in the industry. Her contributions were recognized when she was awarded the WIFS National Member of the Year in 2014. Additionally, Cheryl has been an active participant in NAIFA, serving as the incoming President of NAIFA Florida and past president of NAIFA Northeast Florida. Her dedication to the field earned her the NAIFA Florida President’s Award in 2014, and she was honored as the NAIFA National’s 2019 Young Advisor Team Leader of the Year.

As a native Floridian, she enjoys spending time with her husband Shamari and their son, the beach, flag football, CrossFit, and volunteering. She can often be heard cheering and/or possibly weeping for her beloved Miami Dolphins & Jacksonville Jaguars.

- Movement Mortgage Website: Movement.com
- Opioid Financial Awareness Website: opioidfinancialawareness.com

- LinkedIn

For more awesome episodes visit our podcast website at [e-mail]

Got a burning question or a topic you're itching to hear about? Slide into our DMs on Instagram at @Wowwomenofwealth. Now, let's turn those pennies into power moves!