Anonymous wrote:Have you done a budget and are you sure she can't do it on $1600 a month? I know it's not a lot, but the carrying costs on her paid off house can't be that much (taxes, insurance and utilities). And, for one person, food isn't that expensive. My MIL is doing it on less right now.
Anonymous wrote:Don't mistake gross rent for net rent. There are costs to renting out a house.
I would sell the house and buy a one bedroom apartment, and invest the savings in a single premium annuity when I had to stop working.