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Turning bricks and mortar into retirement income - Realtor.com
The baby boomer generation currently makes up most of the American retirees, and they are sitting on a record $19 trillion in real estate wealth. For some, home equity accounts for one-third of retirees’ financial assets, whereas traditional retirement savings only make up around a quarter, according to the National Institute of Retirement Security. Allaire Conte, writing for Realtor.com, explains how home equity is playing a bigger role in retirement as savings are falling painfully short. Read Ms. Conte’s article here…
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