--- title: "Meaning & Key Takeaway of: Some financial advisers say anyone who…" description: "\"Some financial advisers say anyone who may move in less than seven years should not take out a reverse mortgage.\" — Charles Duhigg" image: "https://sms4smile.com/quotes/i/9c8/charles-duhigg-1088_adviser_some-financial-advisers-say-anyone-who-m_1394977.png" --- # Some financial advisers say anyone who may move in less… ![“Some financial advisers say anyone who may move in less than seven years should not take out a reverse mortgage.” quote by Charles Duhigg](https://sms4smile.com/quotes/i/9c8/charles-duhigg-1088_adviser_some-financial-advisers-say-anyone-who-m_1394977.png) [Download](https://sms4smile.com/quotes/i/9c8/charles-duhigg-1088_adviser_some-financial-advisers-say-anyone-who-m_1394977.png) [Open image](https://sms4smile.com/quotes/i/9c8/charles-duhigg-1088_adviser_some-financial-advisers-say-anyone-who-m_1394977.png) > “Some financial advisers say anyone who may move in less than seven years should not take out a reverse mortgage.” [Charles Duhigg](https://sms4smile.com/quotes/author/charles-duhigg/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Advisors warn that reverse mortgages may be unsuitable for those planning to move within seven years. **In simple terms:** Reverse mortgages risky if you’ll move soon. Key Takeaway Consider stability before borrowing. Themes financial planning risk housing Mood cautious analytical Type practical informative When to use this quote - home purchase - retirement planning - short‑term relocation Key Concepts mortgage longevity risk Questions to Reflect On - Are you certain of your housing timeline? - What alternatives exist for short‑term needs? A Different Perspective May ignore individual circumstances. ★ ★ ★ ★ ★ No ratings yet [Money](https://sms4smile.com/quotes/about/money/) ## Related quotes > [Cash from a reverse mortgage can be paid out in several ways, including a lump sum, a monthly payment, a line of credit, or…](https://sms4smile.com/quotes/charles-duhigg/cash-from-a-reverse-mortgage-can-be-paid-out-in-several-ways/) [Charles Duhigg](https://sms4smile.com/quotes/author/charles-duhigg/) > [Because the fees associated with a reverse mortgage are high, such loans make sense only for borrowers who expect to live in their home…](https://sms4smile.com/quotes/charles-duhigg/because-the-fees-associated-with-a-reverse-mortgage-are-high-such/) [Charles Duhigg](https://sms4smile.com/quotes/author/charles-duhigg/) > [It is almost always a bad idea to use a reverse mortgage to pay for a vacation or to buy a risky investment, like…](https://sms4smile.com/quotes/charles-duhigg/it-is-almost-always-a-bad-idea-to-use-a-reverse-mortgage-to-pay-for-a/) [Charles Duhigg](https://sms4smile.com/quotes/author/charles-duhigg/) > [Lawsuits against reverse mortgage companies, including the nation's largest, Financial Freedom Senior Funding, contend that those firms helped pressure older Americans into bad investments.](https://sms4smile.com/quotes/charles-duhigg/lawsuits-against-reverse-mortgage-companies-including-the-nation-s/) [Charles Duhigg](https://sms4smile.com/quotes/author/charles-duhigg/) > [Voters don't have to love him, Romney advisers say, but they will respect him.](https://sms4smile.com/quotes/ron-fournier/voters-don-t-have-to-love-him-romney-advisers-say-but-they-will/) [Ron Fournier](https://sms4smile.com/quotes/author/ron-fournier/) > [And I agree that the Democratic legislators in Massachusetts might have given some advice to Republicans in Congress about how to cooperate. But the…](https://sms4smile.com/quotes/barack-obama/and-i-agree-that-the-democratic-legislators-in-massachusetts-might/) [Barack Obama](https://sms4smile.com/quotes/author/barack-obama/) > [The industry financial advisers, on average about 85% male, tends to be a more mature financial adviser - so I think in their 50s,…](https://sms4smile.com/quotes/sallie-krawcheck/the-industry-financial-advisers-on-average-about-85-male-tends-to-be/) [Sallie Krawcheck](https://sms4smile.com/quotes/author/sallie-krawcheck/) > [Facts are that the financial advisers on Wall Street today or anywhere depending on which firm, what point in time - 85 to 88…](https://sms4smile.com/quotes/sallie-krawcheck/facts-are-that-the-financial-advisers-on-wall-street-today-or/) [Sallie Krawcheck](https://sms4smile.com/quotes/author/sallie-krawcheck/) > [The richer you are and the more financial advisers you employ, the less likelihood there is that you can ever discover what you are…](https://sms4smile.com/quotes/felix-dennis/the-richer-you-are-and-the-more-financial-advisers-you-employ-the/) [Felix Dennis](https://sms4smile.com/quotes/author/felix-dennis/) > [If you can't afford the upkeep of your home, it makes no sense to do a reverse mortgage. You will just end up having…](https://sms4smile.com/quotes/suze-orman/if-you-can-t-afford-the-upkeep-of-your-home-it-makes-no-sense-to-do-a/) [Suze Orman](https://sms4smile.com/quotes/author/suze-orman/) > [While a reverse mortgage can indeed be a viable way to generate income, it is very important to understand that after you take out…](https://sms4smile.com/quotes/suze-orman/while-a-reverse-mortgage-can-indeed-be-a-viable-way-to-generate/) [Suze Orman](https://sms4smile.com/quotes/author/suze-orman/) > [If you pay off your mortgage before retirement, you take a huge financial load off your shoulders. You also become eligible to take out…](https://sms4smile.com/quotes/suze-orman/if-you-pay-off-your-mortgage-before-retirement-you-take-a-huge/) [Suze Orman](https://sms4smile.com/quotes/author/suze-orman/) > [A reverse mortgage is available to anyone who is at least 62 years old and owns a home outright, or has a small mortgage…](https://sms4smile.com/quotes/suze-orman/a-reverse-mortgage-is-available-to-anyone-who-is-at-least-62-years/) [Suze Orman](https://sms4smile.com/quotes/author/suze-orman/) > [We're trying to make sure that financial advisers act like lawyers and doctors. When you go to a lawyer or doctor, they have an…](https://sms4smile.com/quotes/tom-perez/we-re-trying-to-make-sure-that-financial-advisers-act-like-lawyers/) [Tom Perez](https://sms4smile.com/quotes/author/tom-perez/) > [“Teamconcurs is one of the most leading professional investment advisory firms providing the best financial planning services to investors. We have top financial advisers…](https://sms4smile.com/quotes/teamconcurs/teamconcurs-is-one-of-the-most-leading-professional-investment/) Teamconcurs ## More by Charles Duhigg > [“If you want to stop smoking, ask yourself, do you do it because you love nicotine, or because it provides a burst of stimulation,…](https://sms4smile.com/quotes/charles-duhigg/if-you-want-to-stop-smoking-ask-yourself-do-you-do-it-because-you/) [Charles Duhigg](https://sms4smile.com/quotes/author/charles-duhigg/) > [“What matters are five key norms,” he told the audience. Teams need to believe that their work is important. Teams need to feel their…](https://sms4smile.com/quotes/charles-duhigg/what-matters-are-five-key-norms-he-told-the-audience-teams-need-to/) [Charles Duhigg](https://sms4smile.com/quotes/author/charles-duhigg/) > [America has always had an apocalyptic strain. Yet it also seems to believe that if, or when, The End comes, it will still come…](https://sms4smile.com/quotes/charles-duhigg/america-has-always-had-an-apocalyptic-strain-yet-it-also-seems-to/) [Charles Duhigg](https://sms4smile.com/quotes/author/charles-duhigg/) > [Bromates are regulated by the Safe Drinking Water Act, but officials are required to test for them only when water leaves a treatment plant.](https://sms4smile.com/quotes/charles-duhigg/bromates-are-regulated-by-the-safe-drinking-water-act-but-officials/) [Charles Duhigg](https://sms4smile.com/quotes/author/charles-duhigg/) > [America is the Saudi Arabia of coal.](https://sms4smile.com/quotes/charles-duhigg/america-is-the-saudi-arabia-of-coal/) [Charles Duhigg](https://sms4smile.com/quotes/author/charles-duhigg/) > [“Habits, scientists say, emerge because the brain is constantly looking for ways to save effort. Left”](https://sms4smile.com/quotes/charles-duhigg/habits-scientists-say-emerge-because-the-brain-is-constantly-looking/) [Charles Duhigg](https://sms4smile.com/quotes/author/charles-duhigg/) > [Between calculated risk and reckless decision-making lies the dividing line between profit and loss.](https://sms4smile.com/quotes/charles-duhigg/between-calculated-risk-and-reckless-decision-making-lies-the/) [Charles Duhigg](https://sms4smile.com/quotes/author/charles-duhigg/) > [Older Americans are perfect telemarketing customers, analysts say, because they are often at home, rely on delivery services, and are lonely for the companionship…](https://sms4smile.com/quotes/charles-duhigg/older-americans-are-perfect-telemarketing-customers-analysts-say/) [Charles Duhigg](https://sms4smile.com/quotes/author/charles-duhigg/) > [“All our life, so far as it has definite form, is but a mass of habits - practical, emotional, and intellectual - systematically organized…](https://sms4smile.com/quotes/charles-duhigg/all-our-life-so-far-as-it-has-definite-form-is-but-a-mass-of-habits/) [Charles Duhigg](https://sms4smile.com/quotes/author/charles-duhigg/) > [“Someday soon, say predictive analytics experts, it will be possible for companies to know our tastes and predict our habits better than we know…](https://sms4smile.com/quotes/charles-duhigg/someday-soon-say-predictive-analytics-experts-it-will-be-possible-for/) [Charles Duhigg](https://sms4smile.com/quotes/author/charles-duhigg/) > [“I love Paul O'Neill, but you could not pay me enough to work for him again" one official told me. "the man has never…](https://sms4smile.com/quotes/charles-duhigg/i-love-paul-o-neill-but-you-could-not-pay-me-enough-to-work-for-him/) [Charles Duhigg](https://sms4smile.com/quotes/author/charles-duhigg/) > [“THE FRAMEWORK: • Identify the routine • Experiment with rewards • Isolate the cue • Have a plan”](https://sms4smile.com/quotes/charles-duhigg/the-framework-identify-the-routine-experiment-with-rewards-isolate/) [Charles Duhigg](https://sms4smile.com/quotes/author/charles-duhigg/) > [Barium, which is commonly found in power plant waste and scrubber wastewater, has been linked to heart problems and diseases in other organs.](https://sms4smile.com/quotes/charles-duhigg/barium-which-is-commonly-found-in-power-plant-waste-and-scrubber/) [Charles Duhigg](https://sms4smile.com/quotes/author/charles-duhigg/) > [A movement starts because of the social habits of friendship and the strong ties between close acquaintances. It grows because of the habits of…](https://sms4smile.com/quotes/charles-duhigg/a-movement-starts-because-of-the-social-habits-of-friendship-and-the/) [Charles Duhigg](https://sms4smile.com/quotes/author/charles-duhigg/) > [“In some sense, he said, a community was a giant collection of habits occurring among thousands of people that, depending on how they’re influenced,…](https://sms4smile.com/quotes/charles-duhigg/in-some-sense-he-said-a-community-was-a-giant-collection-of-habits/) [Charles Duhigg](https://sms4smile.com/quotes/author/charles-duhigg/) [Explore all 293 Charles Duhigg quotes ](https://sms4smile.com/quotes/author/charles-duhigg/) ## More Adviser quotes > [In 1949 there was a new thing called Television, to which my agency and advisers opposed as a performance medium.](https://sms4smile.com/quotes/loretta-young/in-1949-there-was-a-new-thing-called-television-to-which-my-agency/) [Loretta Young](https://sms4smile.com/quotes/author/loretta-young/) > [President Bush deliberately did not apologize for things and that’s because advisers around him, including those there, felt that the press corps would jump…](https://sms4smile.com/quotes/david-gregory/president-bush-deliberately-did-not-apologize-for-things-and-that-s/) [David Gregory](https://sms4smile.com/quotes/author/david-gregory/) > [The best adviser is God, the good listener is heart but the mind of person always confused.](https://sms4smile.com/quotes/meicee/the-best-adviser-is-god-the-good-listener-is-heart-but-the-mind-of/) Meicee > [No adviser to a president is going to get his way all of the time, but at a minimum, that adviser should be able…](https://sms4smile.com/quotes/bret-stephens/no-adviser-to-a-president-is-going-to-get-his-way-all-of-the-time-but/) [Bret Stephens](https://sms4smile.com/quotes/author/bret-stephens/) > [Men tend to leave their financial adviser at a single-digit-percent rate in any given year. And women leave their husband and their joint financial…](https://sms4smile.com/quotes/sallie-krawcheck/men-tend-to-leave-their-financial-adviser-at-a-single-digit-percent/) [Sallie Krawcheck](https://sms4smile.com/quotes/author/sallie-krawcheck/) > [Steve Bannon, too, needs to be a unifier, doesn't he, as the senior adviser.](https://sms4smile.com/quotes/megyn-kelly/steve-bannon-too-needs-to-be-a-unifier-doesn-t-he-as-the-senior/) [Megyn Kelly](https://sms4smile.com/quotes/author/megyn-kelly/) > [Asking for advice is an act of humility… The act alone says, "I need you." The decision maker and the adviser are pushed into…](https://sms4smile.com/quotes/dennis-bakke/asking-for-advice-is-an-act-of-humility-the-act-alone-says-i-need-you/) [Dennis Bakke](https://sms4smile.com/quotes/author/dennis-bakke/) > [It is the lawyers who run our civilization for us -- our governments, our business, our private lives. Most legislators are lawyers; they make…](https://sms4smile.com/quotes/fred-rodell/it-is-the-lawyers-who-run-our-civilization-for-us-our-governments-our/) [Fred Rodell](https://sms4smile.com/quotes/author/fred-rodell/) > [The truth then is, that the Russian Comintern is still confessedly engaged in endeavoring to foment war in order to facilitate revolution, and that…](https://sms4smile.com/quotes/denis-fahey/the-truth-then-is-that-the-russian-comintern-is-still-confessedly/) [Denis Fahey](https://sms4smile.com/quotes/author/denis-fahey/) > [French troops arrived in Afghanistan last week, and not a minute too soon. The French are acting as advisers to the Taliban, to teach…](https://sms4smile.com/quotes/jay-leno/french-troops-arrived-in-afghanistan-last-week-and-not-a-minute-too/) [Jay Leno](https://sms4smile.com/quotes/author/jay-leno/) > [Republicans want to punish work and reward wealth; hence the high payroll tax and the low dividend tax. Said one Bush economic adviser, if…](https://sms4smile.com/quotes/paul-begala/republicans-want-to-punish-work-and-reward-wealth-hence-the-high/) [Paul Begala](https://sms4smile.com/quotes/author/paul-begala/) > [As for Vietnam, what matters is that Kennedy successfully resisted pressure to send anything more than military advisers, a stance that was a likely…](https://sms4smile.com/quotes/robert-dallek/as-for-vietnam-what-matters-is-that-kennedy-successfully-resisted/) [Robert Dallek](https://sms4smile.com/quotes/author/robert-dallek/) > [If economists were good at business, they would be rich men instead of advisers to rich men.](https://sms4smile.com/quotes/kirk-kerkorian/if-economists-were-good-at-business-they-would-be-rich-men-instead-of/) [Kirk Kerkorian](https://sms4smile.com/quotes/author/kirk-kerkorian/) > [I am deeply worried about Donald Trump on matters of national security. He doesn't know anything himself about it, and he has appointed a…](https://sms4smile.com/quotes/tim-kaine/i-am-deeply-worried-about-donald-trump-on-matters-of-national/) [Tim Kaine](https://sms4smile.com/quotes/author/tim-kaine/) > [For all the popularity of spiritual advisers in South Korea, it still shocks to see the leaders of huge public companies relying on fortune-tellers.…](https://sms4smile.com/quotes/kim-young-ha/for-all-the-popularity-of-spiritual-advisers-in-south-korea-it-still/) [Kim Young-ha](https://sms4smile.com/quotes/author/kim-young-ha/) Browse all 208 Adviser quotes ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Quotation", "text": "Some financial advisers say anyone who may move in less than seven years should not take out a reverse mortgage.", "creator": { "@type": "Person", "name": "Charles Duhigg" }, "isPartOf": { "@id": "https://sms4smile.com/quotes/#website" }, "url": "https://sms4smile.com/quotes/charles-duhigg/some-financial-advisers-say-anyone-who-may-move-in-less-than-seven/", "about": { "@type": "Thing", "name": "Adviser" }, "@id": "https://sms4smile.com/quotes/charles-duhigg/some-financial-advisers-say-anyone-who-may-move-in-less-than-seven/#quotation", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/9c8/charles-duhigg-1088_adviser_some-financial-advisers-say-anyone-who-m_1394977.png", "contentUrl": "https://sms4smile.com/quotes/i/9c8/charles-duhigg-1088_adviser_some-financial-advisers-say-anyone-who-m_1394977.png", "url": "https://sms4smile.com/quotes/i/9c8/charles-duhigg-1088_adviser_some-financial-advisers-say-anyone-who-m_1394977.png", "width": 1080, "height": 1080, "caption": "“Some financial advisers say anyone who may move in less than seven years should not take out a reverse…” — Charles Duhigg", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } }, { "@type": "BreadcrumbList", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://sms4smile.com/" }, { "@type": "ListItem", "position": 2, "name": "Quotes", "item": "https://sms4smile.com/quotes/" }, { "@type": "ListItem", "position": 3, "name": "Charles Duhigg", "item": "https://sms4smile.com/quotes/author/charles-duhigg/" }, { "@type": "ListItem", "position": 4, "name": "Some financial advisers say anyone who...", "item": "https://sms4smile.com/quotes/charles-duhigg/some-financial-advisers-say-anyone-who-may-move-in-less-than-seven/" } ], "@id": "https://sms4smile.com/quotes/charles-duhigg/some-financial-advisers-say-anyone-who-may-move-in-less-than-seven/#breadcrumb" }, { "@type": "WebSite", "@id": "https://sms4smile.com/quotes/#website", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "publisher": { "@id": "https://sms4smile.com/quotes/#organization" } }, { "@type": "Organization", "@id": "https://sms4smile.com/quotes/#organization", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "logo": { "@type": "ImageObject", "url": "https://sms4smile.com/quotes/wp-content/themes/sq/assets/icons/icon-512.png", "width": 512, "height": 512 } } ] } ```