My retired parents live on $2,400 a month and still owe $100k on their home – should they sell and move somewhere cheaper?

My retired parents live on $2,400 a month and still owe $100k on their home – should they sell and move somewhere cheaper?

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Key Points A Reddit poster is worried about his retired parents who have no savings. The parents are trying to live off Social Security alone, which will provide $2,400 per month. The parents will likely need to cash in their home equity and relocate to a lower cost of living…

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