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URL:  http://boards.fool.com/exactlyphil-and-ill-add-an-example-im-30347055.aspx

Subject:  Re: A scary fact Date:  10/29/2012  7:02 AM
Author:  billjam Number:  18041 of 19741

Exactly,Phil. And I'll add an example I'm personally familiar with from a few years ago. Husband was receiving a little more than $1,100 SS and wife about $800. Neither had a pension. They owned their modest two story home and their car. The home was old and required a fair amount of maintenance. Even with special provisions for seniors property taxes were pretty high in the area. Add to that insuance and utilities and you had a good sized nut that didn't drop a penney when he died. She got his $1,10