At the risk of coming across as insensitive, I really wonder what happened in this guy’s life leading up to this. He lived through the “easy times” where boomers were buying houses on a single income, in fact he had a 10 year head start on them. The article says he only receives $1,100 from social security - so does he have $0 savings / investments at 90 years old? Genuinely curious, not taking a shit on him - this will be me at 90 too, if I last that long.

$233,000 is not retirement money.

That’s just over $6k/year in interest at a modest 5%.

Or at his age he can take an extra ~$20k+/yr for a while of straight cash. Might be the better choice.