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« Paid in home care and assisted living benefit options for Veterans | Main | Be wise on your demise – an estate planning checkup »

June 20, 2007

Comments

Corey Matelli

Thank you for writing this tremendous article. Clearly, you are very well informed with a genuine interest in a senior's best interest at heart. In my experience, I have seen that this generation of seniors feel a moral obligation to leave something behind for their children. While this is the natural order of life, and commendable, it shouldn't be done at the expense of the parents' quality of life. It is not selfish or wrong to take care of yourself. The ideas and solutions you have given here are great "work arounds" for that very concern. Take care of yourself, *while* protecting and providing for the ones who will survive you.

Thank you for sharing this invaluable information, and serving this precious segment of our society.

Corey Matelli

me.yahoo.com/a/OvGGaE88u9JXmBso6dyr.vafpFsW6mho4C5tZ_gY_ww-

Excuse me, but isn’t the whole reason for working hard to have something built up that you can leave to your kids??? I am a senior and I wouldn’t dream of depriving my children of their heritage just so I could take more vacations to Vegas. How selfish can you get? If a senior is in a bad financial situation, that’s one thing and kids should help out a parent in those situations, but many reverse mortgages are written to steal home equity from hard-working families. Just stop and think about it for a minute…we’re talking about someone’s legacy here! This whole thing smacks of carpetbaggers riding into town to buy Tara for a cents on the dollar. No, this is just another way for the banks (or the government!) to get their hands on our property. Housing values are dropping and will continue to drop. If a senior is lucky enough to own his/her own home outright, hang onto it! It might be the only way you’ll survive the coming crisis.

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