"More than half of 65-year-old adults will need some kind of long-term care, according to 2019 data from the U.S. Department of Health and Human Services (HHS)."
"Only 8% of Americans have long-term-care insurance, so most seniors will have to rely on their savings and government assistance to pay for long-term care, Block wrote."
"Senior-held home equity rose to more than $13 trillion in first-quarter 2024, according to data from the National Reverse Mortgage Lenders Association (NRMLA)."
"If you prefer to age in place, you may be able to use a reverse mortgage to pay for in-home care."
[
Collection
]
[
|
...
]