Karen Perry

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November 25, 2012
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Karen Perry: Can elders afford to retire in America?

Social Security, nest eggs, home equity, reverse mortgages, pensions and robbing a bank might make living in America possible during your golden years.

Fifteen years ago my folks purchased a patio home in Arizona for $60,000 and invested another $20,000 to remodel and create a comfy home for their retirement years. Between the Social Security monthly checks and a small pension they were able to make ends meet and keep a small nest egg. During the big boom in real estate they realized their little oasis sprung a golden stream of equity so they decided to enter into a reverse …

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The Nevada Appeal Updated Nov 25, 2012 12:43AM Published Nov 25, 2012 12:41AM Copyright 2012 The Nevada Appeal. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.