While a reverse mortgage may be an appropriate tool in some circumstances, the complexity of these financial devices and the rapid growth in the marketing of these products greatly increases the potential for mistakes and abuse. Understanding the actual costs and potential consequences of reverse mortgages and their impact on public benefits is essential in determining their appropriate use. This on-hour presentation will review the pros and cons of reverse mortgages and long term care insurance and their impact on Medi-Cal eligibility.

Presented by Tim Millar, CFP, Millar Financial