A stock market downturn can wreck retirees' savings. How to combat the risk

A stock market downturn can wreck retirees’ savings. How to combat the risk

by Shannon Hicks
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| January 31, 2022

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EPISODE #707
A lasting stock market downturn can be a big problem early in your retirement. How to combat that risk

[CNBC | Sarah O’Brien] The major indexes have had a rough week.

“If there’s a downturn early on, it can derail a whole retirement plan,” said Wade Pfau, a professor of retirement income at the American College of Financial Services.

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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.

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