"My kids want me to get a reverse mortgage, will it ruin their inheritance?” Mailbag episode
You’ve worked your whole life to pay off the mortgage. The house is finally yours. But somehow, the money worries haven’t gone away.
In this Making Cents mailbag episode, a listener in their 70s writes in after becoming mortgage-free, yet still feeling anxious every time they spend a dollar.
Living on the pension with little savings, they want to enjoy retirement but are scared of running out of money.
Their children think a reverse mortgage could be the answer, but will unlocking home equity today destroy their inheritance tomorrow?
Frances Cook talks to Will White, General Manager of Retail…
The skinny
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