The woman said she was still working because her retirement fund doesn't pay for basic expenses.
TV preacher Pat Robertson on Tuesday advised a senior citizen who was a paying member of his 700 Club teleministry that a reverse mortgage was a “good deal” if she was having trouble making ends meet.
“I have been a 700 Club partner for many years,” a woman named Maria explained in an email. “I am 67 years old and still working because retirement money does not cover our basic expenses.”
“I was thinking about a reverse mortgage but have my doubts,” Maria wrote. “What do you think?”
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5 comments:
Hey Pat, how about telling her to cut back on unnecessary expenses like your 700 Club.
All about money with these guys, they prey on the uneducated.
The second worst person she could have asked, next to her heroin addicted nephew.
60% of the value of your home.
Just another great American rip off. These only serve to place seniors back into debt long after they need to be. Plus set them up for confiscation of their holdings if they outlive the annuity. FARCE. Don't take out reverse mtg for any reason! Ask Dave Ramsey!
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