I think part of the confusion is that people equate retirement liquidity with retirement savings in total. They are two very different things. I can be retirement rich with a house that has appreciated $100Ks but still be cash poor month to month having no actual cash liquidity to buy things or pay bills (until I sell the house). This how seniors oftentimes get caught in reverse mortgage traps. They sell off their best asset for ready cash flow. It works fine until they realize they live too long and the debt comes calling for payment (i.e. liquidation of the house).
I think part of the confusion is that people equate retirement liquidity with retirement savings in total. They are two very different things. I can be retirement rich with a house that has appreciated $100Ks but still be cash poor month to month having no actual cash liquidity to buy things or pay bills (until I sell the house). This how seniors oftentimes get caught in reverse mortgage traps. They sell off their best asset for ready cash flow. It works fine until they realize they live too long and the debt comes calling for payment (i.e. liquidation of the house).