Reply to What happens to people who saved nothing for retirement?

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[quote=Anonymous]My MIL is in this situation in her early 70s and she is thriving! 
+ She inherited a fully paid off house from her mother in a HCOL area
+ She moved in with her best friend into this 
 house and they split expenses. Her best friend has her own paid off condo in the same HCOL area that they could rent for cashflow, but right now they don't even rent it out. They both enjoy the companionship of living together and frequently hosts friend together etc. 
+ She has a long-time therapy practice that she enjoys and maintains on a very scaled back schedule (10-20 hours a week). I think she gets a decent high five figure income from this (much of it directly in cash) but she doesn't prioritize saving for retirement. 
+ She does not save anything for retirement and plans to work on her current schedule as long as possible by choice but maybe also necessity? 
+ She travels a ton, has a better social life than we do, and seems to have a lot of leisure time. Honestly it seems like a great life despite her having made very different choices than I would. [/quote]

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