Jame Hopkins is the Director of Retirement Research at Carson Wealth and a Finance Professor of Practice at Creighton University Heider College of Business. He was also a professor at the American College of Financial Services where he helped co-create the Retirement Income Certified Professional Designation (RICP®).
In his Forbe article, Jamie discusses how he previously conducted and published research in the Journal of Financial Planning that showed Americans don’t understand reverse mortgages. He concludes that 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” confirmed his belief. Jamie explains why the USA Today article contains many half-truths and misunderstandings and projects a negative connotation of reverse mortgages onto the reader.