Logan Martin Lake Topics: RETIRE TO THE LAKE
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Name:
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HOTROD
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Subject:
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RETIRE TO THE LAKE
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Date:
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7/25/2006 7:13:49 AM
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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.
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