Turn home equity into your retirement dream fund
Utilizing home equity can provide several advantages for retirees:
- **Supplementing Retirement Income:** By accessing your home equity, you can create an additional income stream to cover living expenses, healthcare costs, or travel plans, enhancing your quality of life during retirement.
- **Tax Advantages:** In many cases, the interest paid on home equity loans or lines of credit may be tax-deductible, offering potential savings4.
- **Retain Home Ownership:** Unlike selling your home, tapping into home equity allows you to remain in your home while still benefiting financially.