For most
retired people on fixed income, this scenario is a recipe for disaster, and it often results in a lapsed life insurance policy due to non-payment.
Not exact matches
Bob @ Dwindling Debt writes Great Tips for Cutting Expenses in Retirement — The average
retired person already knows how to live
on a
fixed income, especially if they have been
retired for a number of years.
I am a
retired person and is having
income only from interest
on fixed deposit.
Bart advises
people approaching retirement age to work to reduce debt before they
retire, so that they don't have debt payments to worry about when they go
on a
fixed income.
and it certainly is not an inexpensive place for anything, however being a
retired person on a small,
fixed income, I've been taking my dog to the nearby Humane Society for his veterinary needs.
We realize that many
retired persons are
on fixed incomes that may make it financially difficult to care for an older dog.