My parents have a lot of debt, but they also have a mortgage. I’ve got a reverse-mortgage plan for them.
Pay Dirt is Slate’s money advice column. Have a question? Send it to Kristin and Ilyce here. (It’s anonymous!) Dear Pay Dirt, Can you elaborate on reverse mortgages and whether they’re a good idea? My in-laws are in their 80s and on limited social security. My mother-in-law loves to spend, spend, spend and has always…

