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Reverse Mortgages Fall Short of Their Potential, Says a New Government Report

July 25, 2012 | Howard Gleckman, Caring for our Parents

Reverse mortgages, which hold great promise as a way for the frail elderly to pay for long-term care costs while living at home, are failing to do the job. Few homeowners ever take out these loans, and those who do, paradoxically, may be putting their financial security in old age at greater risk. According to […]

Sen. Corker: Long-Term Care is “Heading for a National Crisis”

April 18, 2012 | Howard Gleckman, Caring for our Parents

Senator Bob Corker (R-Tenn) warned today that long-term care financing is “a major train wreck” and “heading for a national crisis.” Corker, the senior Republican on the Senate Aging Committee, said he was very worried about the viability of private long-term care insurance and added , “there is no doubt there is a public sector role” […]

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