7 upvotes, 0 direct replies (showing 0)
View submission: Living with no Retirement money
My mom lived on $1700 a month social security and had Medicare. The only way she was able to do this was by having a paid off house. She did have a little over $100k in her retirements but only took out the yearly required minimum distribution once she was old enough. The biggest issue with her approach was she had trouble keeping the maintenance up on the house. We had to do a lot of that for her. Ultimately she sold the house and had to move in to assisted living. The house equity has helped her afford that ever since but is slowly running out.
There's nothing here!