Reverse Mortgage Can Help With Planning for Aging Parents
By William Piotrowski, Just Call William 630-881-8655
(Diamond Residential Mortgage Corporation )
Reverse Mortgage Can Help With Planning for Aging Parents Aging parents can be a major retirement risk even to those who are seemingly on track in preparing for their later years. The care for aging parents can be an additional consideration to supporting children, and can come with new burdens, both financial and emotional, Forbes columnist Jamie Hopkins writes this week.Among major challenges associated with aging parents are time, cost, work and health, Hopkins writes. Caregiving can be time consuming and expensive. Plus, work-life balance can be difficult, or impossible, and the health of the caregiver is a major factor that many families are not prepared for.One of the potential solutions addressed by the column: a reverse mortgage.“Your financial wellbeing and retirement security...
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