Long-term care is unquestionably expensive; if you require it, it will likely be your largest retirement bill. The DHHS (United States Department of Health and Human Services) estimates that eldercare recipients will spend $138,000 on average this year. And the likelihood of requiring some type of long-term care is greater than many believe.
Tag: reverse mortgages
Should You Use Your Home Equity to Combat Inflation?
Image by Shutterstock.com These days, seniors and retirees face a double whammy: inflation is fast approaching 10%, and stock and bond markets have declined by 10% to 20%. Meanwhile, home equity might…
