Great article, very clear.
Even those who have no debts at retirement and a reasonable savings need to be careful.
Social Security from two individuals may cover all expenses, but what happens when one dies? Suddenly, like in our case, half of the income is gone, but expenses will not drop 50%.
That means savings accounts must replace the income, sell the house and get a cheaper place, get a partner for financial reasons, or get a part-time job – not easy at age 85.