The Sacred Cow of Home Equity - Skip to content

The Sacred Cow of Home Equity


Retirees tap investments for income- why not their home?

During their working years, retirees have dutifully saved or invested tens of thousands, if not hundreds of thousands of dollars for retirement, all in the hopes of withdrawing those funds during their non-working years. Rarely do you ever hear objections from family and friends when mom or dad begin taking withdrawals from their retirement accounts. After all, it’s their money, and theirs to do with as they wish. But what about the hard-earned home equity millions of Americans have saved over decades? Uh, but wait! Not so fast say family, friends, and financial pundits. You shouldn’t do that! Call it a sacred cow or an ingrained fallacy of personal finance- one that needs to be put out to pasture.

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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. Your 100 percent on point. I been a planner for 35 years and see many who would be so better off doing so.

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