If you are struggling to financially support your children and a parent at the same time, you are far from alone. 47% of Americans age 40-59 are in the same situation and are now being referred to as the “Sandwich Generation”. According to the Pew Research Center, about 23% of Americans overall have parents age 65 or older and are either raising a young child or have provided financial support to a grown child in the preceding 12 months. Many within this group are providing financial support to both an aging parent and a child. However, if your parents own their home, they may be able to unlock the equity in their home to create a tax-free income stream by means of a Reverse Mortgage, without creating a monthly liability the way a traditional mortgage would. More details here: www.HBReverse.com
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