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Seniors

in2herbs

(3,709 posts)

3. I am sorry. Your stress level must be through the roof. A suggestion I will share: talk to

Reply to Paper Roses (Original post)

Fri Jun 10, 2022, 11:15 AM

Jun 2022

a financial planner or tax expert about selling your house and most of your belongings and paying off the RM, and then investing what is left over into a low risk investment, then, along with SS or a pension (??) using a portion of the profit and interest each month to help offset the expense of a new residence. I would put your name on a waiting list for senior housing in the meantime.

Change is hard and scary, but perhaps moving to a cheaper state/area would be helpful. Do all states have a 7 year wait list for senior housing?

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Highlight:

Dear friends, can we talk about Reverse Mortgages and how awful they are? [View all] Paper Roses Jun 2022 OP

Our neighbor OLDMDDEM Jun 2022 #1

My mom and I were considering it for her in Florida exboyfil Jun 2022 #2

I am sorry. Your stress level must be through the roof. A suggestion I will share: talk to in2herbs Jun 2022 #3

Good advice wryter2000 Jun 2022 #5

I'm so sorry wryter2000 Jun 2022 #4

Reverse mortgages are bad news all around. Wednesdays Jun 2022 #6

My neighbor took out a reverse mortgage after his wife died kimbutgar Jun 2022 #7

Selleck is an addhole. trof Jul 2022 #8