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The Apocalypse that Isn’t Coming


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Bloomberg questions dire retirement predictions

Reverse Mortgage NewsSeveral studies and articles in both national and financial publications have touted the coming retirement crisis. A recent article in Bloomberg by columnist Ben Stevenson takes a contrary view. The column launches into some of the typical dire predictions for future American retirees: a defunct Social Security program unable to meet its promises, and a strained medical system leaving seniors health in jeopardy. Do such gloomy visions mean that the dream of American retirement is dead? Not quite. The article makes one of its most salient points when…

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Editor in Chief:
As a prominent commentator and Editor in Chief at, 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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1 Comment

  1. while I also believe that social security may not fullfill the promises of funds I hoped to receive, I do believe that the HECM has a lot to offer the proactive seniors who want to cover all their options. Why not use their home equity as insurance, an annuity or for peace of mind. Stress and worry will shorten their golden years.

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