Posted by VADAVE on July 25, 2013 at 03:19:52 from (149.32.192.34):
In Reply to: OT Rant. posted by LOU from Wi. on July 24, 2013 at 23:48:39:
No reverse mortgages are not a good thing for the homeowner. But on the other hand neither is allowing someone else (like your kids) to own your home. Just this week my wife had a wake-up call from a very good friend--they had signed their home over to one of their sons and he had sold it while they were on vacation in Florida. She and her husband now had no place to live, except the motor home. I responded "that's why we're looking at a trust". Not 100% sure that the right thing to do right now but it is where we are looking. We've managed to build a pretty good retirement account, given these bankrupting government elements stay in buisness, so that's not the concern. It's trying to pass what we've worked so hard to build to the next generation rather then the banks, the medical industry or the government in the form of fees or estate taxes.
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Today's Featured Article - The Day Mom Drove the 8N - by Brian Browning. My Dad was wanting to put in a garden but couldn't operate the 8N and handle the old horse drawn plow he had found and rigged up to use with the tractor. Well, he decided to go get Mom out of the house and have her drive the tractor while he walked behind the plow. You got to understand that while my Mom is a hard worker who will always help whenever she can... she had never operated farm machinery before that day. Dad got her out there, explained how the clutch was the same as in our o
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