|  | |  |  | re Your buddy.   I'm not understanding some points  here.   Is it you who's concerned with his financial situation and he is too? 
 I understand everything changed for him when his wife died.  I believe death of a wife is much more difficult for a husband to cope with than the other way.   Old guys do better when their wives are around to take care of them.   Well, my opinion.
 
 "He says when he runs out of money for the month, he just stays home and watches TV. What a retirement."
 
 This is so bad?      It's what most people do.   Well,  I do.   Not run out of money maybe,  but stay home and watch TV.
 
 What's he do when/if he has money?  Lonely widower?  Bar habitué?
 
 Have no facts,  seems though this guy might now live the same lifestyle as people here --
 
 live for many years in their same house
 drive old cars or trucks
 live modest lifestyle
 have inexpensive hobbies
 travel(?) mainly (?) to see kids (?)
 
 I could see where the guy would like and appreciate a little more money, and be worried about the future -- inflation, health care costs,etc.  Still,  for his lifestyle and given he has a house as an asset,  I suspect -- hope anyway -- that he'll be okay.
 
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 Yes,  agree, he made several significant financial mistakes (and apparently lifestyle choices) that cost him.   Cost him dearly.
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 All jmo.
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