OK 150k no increase draw down at 2k a month will last 75 months which is 6 years 3 months. If she is 78 that gets her to 85. I would hold off the reverse mortgage idea. The likelihood of her still wanting to and being able to stay in home at 85 is low. At like 83/84 time you consider selling house and moving in a senior place.
Reverse mortgage is an idea of last resort and she is far from that
Reverse mortgage is an idea of last resort and she is far from that
Statistics: Posted by CaptainT — Sat Mar 15, 2025 5:39 am — Replies 6 — Views 368
