As older people increasingly express their preference to age in place in their own homes, family members will oftentimes be required to provide some semblance of care for their loved ones in later life. Caregiving challenges can be compounded if there’s only one child in the family, but a reverse mortgage could offer a solution, according to a column published by Reuters.

Michael Hausknost, a financial planner living in Long Beach, California, is spearheading care for his 90-year-old mother as an only child. One of the pieces of advice for only children who will care for their details ⇒

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