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There is no need to question the future market potential of the Reverse Mortgage Industry. A recent New York Times editorial revealed that the vast majority of Americans have saved less than 30,000 towards their future retirement. Watch the video for more…
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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.
3 Comments
I have been telling every client I have sat with, since 2006, that it was my opinion thatI the day will come when the Feds will require the use of a RM before they will make certain benefits available. That day may be closer than I thought……
Very thought provoking. There are so many Seniors that still deny these facts. I believe that a Reverse Mortgage must be considered as an intregal part of Retirement and no longer an option.
Peter is on to something with his comment. Will we actually see this day in the near future? Hang on folks for the ride!!!!!!!!!!!!!!!!!
One thing I believe is that the required annual IRA/401K withdrawal mandated by the IRS for those who turn 70 1/2 is an unfair penalty.
Often those funds are there for future use, but the government has a minimum withdrawal requirement whether you need the funds or not. That forces additional taxes to be paid since it is considered income.