What Retirees Really Worry About Most

by Shannon Hicks
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| September 22, 2014

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The Hot Button We May Be Overlooking

Cash, debit, financial freedom. These are the historically typical motivations of reverse mortgage borrowers for the last twenty plus years. Retirees looking to retire monthly mortgage payments, increase cash flow or travel during their golden years while their health is good. The question is are we missing out on touching on a more important motivation for potential reverse mortgage borrowers? Health care costs. A recent study conducted by Merrill Lynch and Age Wave reveals that concerns over healthcare costs outrank the fear of outliving one’s money. More importantly financial security and healthcare costs are inescablably connected…

View Merrill Lynch Retirement Study here.

Download a transcript of this episode here.

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Editor in Chief: HECMWorld.com

As a prominent commentator and Editor in Chief at HECMWorld.com, Shannon Hicks has played a pivotal role in reshaping the conversation around reverse mortgages. His unique perspectives and deep understanding of the industry have not only educated countless readers but has also contributed to introducing practical strategies utilizing housing wealth with a reverse mortgage.

Shannon’s journey into the world of reverse mortgages began in 2002 as an originator and his prior work in the financial services industry. Shannon has been covering reverse mortgage news stories since 2008 when he launched the podcast HECMWorld Weekly. Later, in 2010 he began producing the weekly video series The Industry Leader Update and Friday’s Food for Thought.

Readers wishing to submit stories or interview requests can reach our team at: info@hecmworld.com.