Smart Money Questions

Weekly investing and financial planning wisdom seeking to provide answers to your financial questions with your host, Matt Hausman.

Listener Questions - Reverse Mortgages and Helping a Widowed Parent

Posted on November 19th, 2020

 

We’re talking about two important topics today: Are reverse mortgages a bad idea? And how can I help my widowed parent with their finances?

 

Read more and get additional resources here: https://wp.me/p9B077-Me  

 

Learn more about reverse mortgages: https://smartmoneyquestions.com/podcastposts/episode-93-harlan-accola-behind-the-curtain-of-reverse-mortgages/ 

 

What we discuss on this show:

2:56 – Are reverse mortgages a bad idea?

6:35 – Different types of reverse mortgages

9:08 – Can we get kicked out of our home?

13:03 – How to help a widowed parent

14:49 – Look at beneficiaries

16:01 – Do you see any life insurance?

17:46 – Look at parent’s living arrangement

18:36 – Matt talks about is father’s passing

20:04 – Are liabilities joint or just in one parent’s name?

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