✉news BusinessFinance first seen 16 h ago, last 10 h ago, peak #9
Family Questions Adviser's Push for Elderly Woman to Take Reverse Mortgage for Stocks
Original: Financial Advisor Wants My 85-Year-Old Mother-in-Law To Take Out A Reverse Mortgage To Buy Stocks. Why Would They Recommend This?
A Reddit user says a financial adviser urged their 85-year-old mother-in-law to take out a reverse mortgage so she could invest the proceeds in stocks, and asks why an adviser would make such a recommendation. Commenters are debating whether the advice reflects a legitimate strategy for boosting retirement income or a conflict of interest that benefits the adviser through fees and commissions.
Why now: The risky, seemingly self-serving advice given to an elderly client touches on widespread concerns about trust and conflicts of interest in financial advising.
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Rank over time, top of the chart is #1. 10 snapshots from 16 h ago to 10 h ago.
Evidence
- Financial Advisor Wants My 85-Year-Old Mother-in-Law To Take Out A Reverse Mortgage To Buy Stocks. Why Would They Recommend This? · Yahoo Finance
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