Senior homeowners who have little savings face some difficult choices: either downgrade their lifestyle to get by on government payments or tap their remaining asset – the family home – to cover their expenses.
Selling the family home does free up funds, but it is rarely a first choice.
Smooth Retirement’s Co-Founder and CEO Scott Phillips explains how using home equity to fund retirement is a sensible solution for many asset rich, cash poor retirees.
Read the full report in smstrusteenews
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