I see quite a few retirees taking on mortgages and moving up to much larger houses in retirement. They don't have the cash for it in the least. I think it is quite common these days for people expect to pay their mortgages forever.
(I personally cringe at that, but just had to throw in I see much of what Ima sees, though I see more of the big picture. Ugh).
I agree though - the elderly rely more on pensions. (& those nearing retirement). The younger of us will have to rely much more on savings.
Last edited by MonkeyMama : 05-28-2008 at 01:20 PM.
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