“Too Few People Bought What You Sell: Treasury Economist,” by Allison Bell, ThinkAdvisor

 

“In theory, many older people could cope with their lack of annuities, long-term care insurance and other retirement saving and insurance vehicles by taking out reverse mortgages, to tap their home equity. But, in the real world, only about 50,000 U.S. homeowners take out new reverse mortgages each year, Brown said. The result, he said, is that older, single Americans are doing poorly.”

LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform):

Simple solution: stop exempting up to $858,000 in home equity from long-term care expenses allowing house-rich people to get Medicaid LTC benefits.

Too Few People Bought What You Sell: Treasury Economist

#treasury
#mortgage
#goldencareagent