Social Security Report

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Be cautious about using your home as a retirement plan

Katie Brockman warns how risky it is to think one’s home can supplement Social Security income in retirement.  According to a recent report from Unison nearly 70% of homeowners believe their home will be worth more by the time they retire than it is now.  Of that group, 64% of people say that the expected value increase is a significant part of their retirement plan.  Brockman advocates not putting all of one’s eggs in one basket when seeking a supplement to Social Security income.  Full piece here.

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