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November 14, 2019

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Baby_boomster

Originally, paying off a house was the plan until 2008 happened. Now, there are a whole bunch of us renting.

Carol Cassara

I realize how out of touch I am with the situation. Thanks for sharing.

Melissa Alan

The financial market is changing. The structure of household income and expenditure has changed recently. People are looking for other opportunities to earn and invest their finances. In recent years, the demand for cryptocurrency has increased. On the website forex broker tenkofx https://tenkofx.co.za/ you can study the dynamics of the growth of the cryptocurrency market. In recent years, you can also see the growth of the forex market and the number of brokers.

azure

Unless you're in TX or FL, if you end up filing for Chap. 7 bankruptcy because of say, medical debt, then you'll lose your home even if it's paid off--because the homestead exemption in so many states isn't enough to cover the (inflated) value of many homes.
Which reality may encourage older people to take out rip off reverse mortgages to pay off medical debt . . . .

Rita

Hi azure,

I agree. Reverse mortgages are usually problems.

Rita

Rita

Hi Rebecca,

Yes, the 2008 Recession changed a lot of things for boomers. For example the number of boomers ill prepared for retirement increased from 33 percent to 43 percent.

Rita

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