Over time, homes can have accumulated a lot of equity that could be better leveraged to move to an appropriately located or better-sized home that wouldn't cost as much to maintain. Think of how you can use your home to fund your future. Rent out an empty room on VRBO or Airbnb. Take out equity to buy a vacation home, which can generate retirement income. Learn more about reverse mortgages to decide if you truly need one. Creatively use your home as a tool to finance your future.
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An important read on saving and investing for retirement, no matter what your age.
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