[quote=sdrealtor]
Another example. My 80 yr old uncle will show about $20K on his tax return this year. He and my aunt are in assisted living and everything is paid for by long term care insurance. There are no minimum distributions on his IRA’s this year which would be well into 6 figures. He would have a hard time getting a $200K loan for a condo. He could pay cash for the whole complex.[/quote]
Shouldn’t they have at least 40K in social security income?
