[disneysteve]

I heard on the news this morning that Ed McMahon, long-time co-host of the Tonight Show, is facing foreclosure of his multimillion dollar mansion. It really goes to show that financial problems and poor money management plague people of all incomes. Here's a guy whose career spans 6 or 7 decades and has probably earned tens or hundreds of millions over his lifetime who is now in his 80s and can't make his mortgage payments. The report blamed it on the fact that he got injured last year and has been unable to work. So what? What happened to all of his money? Does he have no savings? Has he no disability insurance? Why does a guy in his 80s still have a mortgage anyway?