I have a client that is barely scraping by on SS and has about 70k in an IRA. She owns a home with a fresh 30 year mortgage and she’s 66. She told me she wants to sell her home because she’s desperate for money.
I asked her why she wasn’t working. I see a lot of people over 70 bagging groceries, as cashiers etc. She’s perfectly able. She whines that no one will hire her. Some people just beg for misery.
How does one end up with a new 30 year mortgage at age 66?