Financial Answer Center
The Role of Your Home in Retirement
- Introduction
- Price Trade-Down in Your Residence
- Retirement Income from Your Home
- Reverse Mortgage
- Sale and Leaseback of Your Home
Retirement Income from Your Home
Many people have paid off their home mortgages before retirement. Your home can be a source of retirement income, but these techniques must be approached with caution. There are two ways your home can help you generate income in retirement:
IMPORTANT NOTE: Both of these techniques are typically used when people can't make ends meet with their other retirement funds.
Share Article:
Securities and insurance products are offered through Osaic Institutions, INC., Member FINRA/SIPC. Osaic Institutions, INC. and FB Wealth Management, a division of First Bank, are not affiliated. We do not provide tax advice. Consult your tax advisor.