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Is There Life After UPS?
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<blockquote data-quote="UpstateNYUPSer(Ret)" data-source="post: 318507" data-attributes="member: 12570"><p>As Lifer said, reverse mortgages are ideal for those who have no one to pass their assets along to. I have not looked in to them in depth as I am only 47 but I do know that the closing costs on them are much higher proportionately than conventional mortgages. I would much rather enjoy my retirement years rather than scrimping and saving only to have spend down all of my assets to pay for my nursing home care. Of course, there is a way around that as well but that is a topic for another thread.</p></blockquote><p></p>
[QUOTE="UpstateNYUPSer(Ret), post: 318507, member: 12570"] As Lifer said, reverse mortgages are ideal for those who have no one to pass their assets along to. I have not looked in to them in depth as I am only 47 but I do know that the closing costs on them are much higher proportionately than conventional mortgages. I would much rather enjoy my retirement years rather than scrimping and saving only to have spend down all of my assets to pay for my nursing home care. Of course, there is a way around that as well but that is a topic for another thread. [/QUOTE]
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