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.
9 Comments
Good insights with probabilities with regards to future life and interest rate expectancy. I attempt to educate my clients accordingly.
Great video would like to be able to send via email to potential clients.
Thank you Jim. Feel free to forward them the link to this post.
Shannon: it really comes down to an old adage: A bird in the hand is worth two in the bush.
Very well said Sharon!
Would be nice if we could get some national publications to pick up on that story.
If we say it, we are perceived as ‘twisting arms’.
One other problem is the death benefit payout to a spouse if one dies prior to electing social security.
Excellent point, much like survivor payouts for pensions. The surviving spouse usually gets the equivalent of the larger social security payment losing the smaller one… a risk indeed.
It is outrageous that some in our industry blindly recommend this terrible idea to seniors. Few have an expertise in Social Security benefits.
Not even all CFPs are knowledgeable on this point. This one of the biggest decisions seniors make. For more affluent seniors, Social Security can have a pre-tax value of over $1,000,000.
I fully support the idea that those over 60 should know the ins and outs of Social Security benefits and what course of action is best suited for them. Dollars invested in obtaining advice from someone who is competent and experienced in this field could be the wisest investment some seniors make.