Rule #1: Don't Bet the Pension

Mr. Kluge also agreed to pay her close to $1 million a year for life, those people said. But as the banks closed in, she sold off the rights to future payments for just $5 million,

Link, chronicling the bankruptcy of Patricia Kluge, widow of the late zillionaire.  H/T, Rebekah, and count no man fortunate until he is dead.