I know of a senior couple where the husband recently retired after forty years of working in a professional field. They live in a house worth over $750k that is paid off. They have three new or late-model vehicles. Both the husband and wife could, if necessary, work for an income.
They also collect Old Age, Survivors, and Disability Insurance checks after enrolling for them. The common name for this is Social Security.
Why the hell are they able to collect on that? They have the ability to work and assets that could readily be made liquid to fund living expenses.
I know of a senior couple where the husband recently retired after forty years of working in a professional field. They live in a house worth over $750k that is paid off. They have three new or late-model vehicles. Both the husband and wife could, if necessary, work for an income.
They also collect Old Age, Survivors, and Disability Insurance checks after enrolling for them. The common name for this is Social Security.
Why the hell are they able to collect on that? They have the ability to work and assets that could readily be made liquid to fund living expenses.