Hampton Topics: RETIRE TO THE LAKE
(Hampton Specific)
0 messages
Updated
Lakes Online Forum
83,605 messages
Updated 4/25/2024 9:33:24 PM
Lakes Online Forum
5,193 messages
Updated 4/3/2024 3:47:36 AM
(Hampton Specific)
0 messages
Updated
Lakes Online Forum
4,169 messages
Updated 4/15/2024 11:05:05 PM
Lakes Online Forum
4,260 messages
Updated 3/24/2024 9:24:45 AM
Lakes Online Forum
2,976 messages
Updated 3/20/2024 11:53:43 PM
Lakes Online Forum
98 messages
Updated 4/15/2024 1:00:58 AM
|
|
|
|
Name:
|
HOTROD
- 
|
|
Subject:
|
RETIRE TO THE LAKE
|
|
Date:
|
7/25/2006 7:13:49 AM
|
|
someone with your knowlege of finance could make a great living at the lake by helping people who are alread there stay there.
as many get older they will need longterm care and more cash for meds, travel etc.
if you put together a program that would let couples do reverse mortgages, purchase qualifying annuities, and provide long term care if necessary, and be able to be medicaid qualified immediately, if the need arose, it would permit them to use equity to enhance their lifestyle, travel, maybe rent or purchase a home in a warmer place for the months of dec, jan, feb.
if done properly this would permit these people to retain their lake house and pass it on to their children, or in the alternative to enjoy the equity they have obtained, in their life time. otherwise many will wind up with their home being used to finance their long term nursing home care.
this is already happening in fla and arizona.
|
|
Reply
Back
Search
Hampton Topics Forum
»
New Hampshire Coast
»
Hampton
Login
|
Home
