Quote:
Originally Posted by tc-sacto
It really can be a viable planning tool. Best for people over age 70 with little other assets.(imho)
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Yeah,
Wish my father had been more communicative re his financial needs.
At 70 and in poor health he floated a 2nd w/out mortality ins and passed away 2 years later so now I have a huge nut on the house and can't get it sold in todays market.
Had he done a reverse the financial situation would have been drastically different.
The exposure would easily have been a 1/4 of what it actually is today.