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Author: BigLon One star, 50 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 19371  
Subject: Re: Tight retirement Date: 11/29/2001 2:02 PM
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Definetly pay off the med bills and credit card debt with the life insurance proceeds. Questions?? How big is her house? Does she live alone? Does she need as much space as she now has.? How old is she? How is her health? Could the house be sold and buy a smaller less expensive property or less expensive monthly housing. Her present income will not support her current housing situation whether the mortgage is paid off or not. With $1,500 monthly income and income from the approx. $154,000 net cash after sale of home and paying off debts she has many more options.Many times,single seniors try to maintain too big a home, and the property taxes and upkeep just eats away their income.

Lon
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