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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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