How exactly is she screwed? She owns an apartment building. She can likely liquidate for multiple millions even in a down market and live in luxury for the remainder of her life AND pass on a ton of money to her heirs.
I'm sorry but most Americans retirement portfolio isn't an apartment complex in the most expensive city in the country. I'll find a bit more sympathy for them.
When it comes to human interest stories “most“ doesn’t matter. It’s all about the individual.
A retirement portfolio should be more diversified. It would be like investing all your 401k on company stock.