Mom Is 73 and Wants to Sell the $1.4 Million House, Rent an Apartment and Live on 5% Treasury Interest. Is It a Crazy Idea?
Selling a paid-off $1.4 million house to rent and live on Treasury interest sounds freeing, but one quiet flaw in the math could leave an 73-year-old scrambling for cash in her 80s. A 73-year-old mother has a paid-off house worth $1.4 million. She…