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Take care of yourself first, not your kids
[FORBES] Bold retirees sport the bumper sticker “I am spending my children’s inheritance”. The sentiment might seem selfish, but it is good financial planning.
Trying to leave a bequest could put older people in a tight spot.
Finance author Chris Farrell once told me about a panicked 83-year-old woman with four children who was on track to run out of money in three years because she was trying to save for their inheritance. She is not atypical.
Australians lobby for lower reverse mortgage rates
COVID-19 caused a recession. So why did the housing market boom?