Reported about 19 hours ago
Christopher, a 72-year-old retiree dependent solely on Social Security, faces a tough decision as he grapples with $77,000 in credit card debt. He has paid off his home, holding about $350,000 in equity, but struggles to maintain a balanced budget due to mounting medical expenses and ongoing debt obligations. Evaluating his options, Christopher contemplates whether to sell his home to settle his debts and downsize or consider alternatives like a reverse mortgage, all while keeping in mind the implications for his adult children's inheritance.
Source: YAHOO