the "reverse" mortage has always struck me as another generational gimmick....it used to be that elders would help the young and pass along a legacy....
now, its spend every penny and waste away every dime order to be an "active" old senior and go to the casino every day...
The only legacy of lasting worth an “elder” can truly pass on to their young, is the intangible but priceless gift of love, and high expectations for their progeny to follow a clear example of how to live a joy filled life.
Money is a nice bonus, but will not “help” the young in the long term.
Are you waiting for someone to die, so you can get your hands on your “inheritance”?
Did you know there are legions of lawyers out there willing to guide dishonest people through “the system” , so all those old people who thought they had provided for themselves in their old age, can be helped to scam “the system” to pay for years of nursing home care?
The AARP can go to straight to hell, as far as I am concerned.
Along with the vast majority of the “baby boomer generation” of which I am technically a member, albeit on the tail end.
We can only pray that “generation Xers” will actively rebel against their blatantly corrupt parents and grandparents.