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Reply to "What happens to people who saved nothing for retirement?"
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[quote=Anonymous][quote=Anonymous]If they have enough equity in their home they can get a reverse mortgage.[/quote] My in-laws are in their 70s, renters, and have negative net worth. They were people that believed in helping others and took jobs that reflected that but paid little. They didn’t think ahead to what that would mean when they could no longer work. They are squeaking by on SS and a small pension, but rent is a killer and we’ve been helping them out. [/quote]
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