Home Value and Retirement

What happens when you reach retirement and suddenly realize you put all of your savings into paying off your mortgage?

I'll give you a hint: It's called real estate...

You live like a pauper and leave a nice estate for someone else to enjoy - or you get a strategy.

Yes, you can sell and jump into a rental or downsize (at which point you may want a consultation on how to invest the proceeds without creating undue taxation or subsidy claw-backs).

But what if you want to stay put in your home?

Here's an option: creative mortgage options like a home equity line of credit. Perhaps this fits as an emergency and long term care fund freeing up your emergency fund to enhance your retirement portfolio. Or with careful planning, you can look at leveraging that equity itself into your portfolio.

Suddenly, you have some more cushion to relax and enjoy your retirement.

If this has you thinking - consider a comprehensive financial plan to fully understand your options and their impact on liquidity, tax, investments, risk, estate and your retirement income.

Why not get a second opinion on one of the most important aspects of your life?

Let's grab coffee and chat about it. Email: [email protected]