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re: IS A REVERSE MORTGAGE A GOOD IDEA? Need Help deciding
Posted on 9/26/23 at 11:06 am to TorchtheFlyingTiger
Posted on 9/26/23 at 11:06 am to TorchtheFlyingTiger
Hard to have an informed opinion with knowing the value of other assets, passive retirement income and debt. That said, I consider the equity in my home to be my long-term care insurance. According to AARP, 70% of people reaching age 65 will require long-term care. Average cost of that care is about $70,000 per year.
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