Quote:
Originally Posted by motion
That's what I was getting at with my original post. I wonder what instruments are in place to allow this to happen.
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Well if you are running out of money then a person should spend less. Cut your coat according to your cloth. The thought of living on the street should be a deterrent and those that live on the street are retired already.
It's a crapshoot. If somebody asked me how much money do you need to retire? I would say you don't know.
A couple of desperate steps that can be taken towards the end of one's life. Get a reverse mortgage. Or sell the house and rent a place. Or move into an old folks home and rent your house out(that is what my mother did).
Just a bit more complexity to my eclectic post. In the future water will be scarce. Have a panic cabin(like a panic room) next to a lake with fresh water.
Guy