Busting Three Half-Truths About Reverse Mortgages

Share Post: facebook Created with Sketch. twitter Created with Sketch. linkedin Created with Sketch. mail Created with Sketch. print Created with Sketch.

A few years back, I conducted and published research in the Journal of Financial Planning that showed Americans don’t understand reverse mortgages. In fact, respondents scored below 50 percent on a 10-question true-false quiz.

One possible explanation for the poor performance is a lot of misinformation floating about. A recent USA Today article titled “Considering reverse mortgages? Better to reverse course on this risky course” confirms my belief. The article contains many half-truths and misunderstandings and projects a negative connotation of reverse mortgages onto the reader.

It’s a similar uphill battle that annuities have faced – a somewhat complex concept that needs to be carefully reviewed, but it’s attacked and misrepresented in the broader media. As a result, people tend to shun annuities and reverse mortgages in their financial planning.

Full article on Forbes

Share:
facebook Created with Sketch. twitter Created with Sketch. linkedin Created with Sketch. mail Created with Sketch. print Created with Sketch.
Share Post: facebook Created with Sketch. twitter Created with Sketch. linkedin Created with Sketch. mail Created with Sketch. print Created with Sketch.

RECENT POSTS

Stakeholder Spotlight – Ashley

Next in our Stakeholder Spotlight series is our Client Service Associate, Tia Ashley! Learn more about Tia here!

Stakeholder Spotlight – Green

Next in our Stakeholder Spotlight series is our Chief Operating Officer, Denielle Green! Learn more about Denielle here!

Stakeholder Spotlight – West

Next in our Stakeholder Spotlight series is our Financial Associate Advisor, Nick West! Learn more about Nick here!

Stakeholder Spotlight – Antoine

We’re kicking off our Stakeholder Spotlight series with our Client Relations Associate, Kayla Antoine! As our first point of contact at Jacob William Advisory, Kayla plays an integral role in maintaining our commitment to providing the highest level of service to our clients. Learn more abo …
1 2 3 4

Get in Touch

In just 15 minutes we can get to know your situation, then connect you with an advisor committed to helping you pursue true wealth.

Schedule a Consultation