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
Today cash sources are at a premium. A HECM is a particularly good source of cash. The trouble with most uses of the HECM in financial planning is when a borrower is self-directing the entire asset management situation. Like attorneys who represent themselves, these seniors have a “fool” for a client.
The best advice for seniors who have a retirement portfolio, retirement plan assets, and the need for an additional source of cash inflow such as through a HECM is for them to obtain asset management advice through a competent and reputable CFP. Make sure the CFP understands the Dr. John Salter approach so that the HECM is not automatically the choice of last resort.
This is a different age and HECMs are being classified as a far more useful retirement tool than financial planners classified them in the past.
Thank you Jim. Very well said. The key component is a qualified CFP working on the retirement picture as a whole.
Shannon. This is spot on for our time and market. If you could do more in this genre it would be very good and helpful. I look forward to my Reverse Fortunes each week, sometimes to jump start my “engine”.to be creative and bring a different perspective to the market place. Thanks