As Americans, we’re accustomed to having options. There’s always another answer, another solution, another way to lick a problem. (Sometimes, though, I think that’s how we got ourselves into the mess we’re in right now. Don’t have the money? Charge it. Can’t afford the bigger house? Leverage yourself beyond sanity.)
But what if you’re retired—not “almost retired” or “newly retired,” but actually well into retirement—and the market downturn has depleted your retirement savings? What are your options?