How To Make Your Home Equity a Retirement Asset

You are receiving this email because you signed up to receive Bob Carlson's free e-letter Retirement Watch Weekly, or you purchased a product or service from its publisher, Eagle Financial Publications. [Carlson's Retirement Watch Weekly] [Retirement Reports](www.retirementwatch.com/retirement-resources/) [Retirement Articles](www.retirementwatch.com/retirement-articles/) Brought to you by Eagle Financial Publications How To Make Your Home Equity a Retirement Asset by Bob Carlson Editor, [Retirement Watch]( 01/14/2024 SPONSORED [Top Stocks and Sectors to Buy Now]( [image]( Hedge Funds are Devouring These Stocks. Which stocks are major institutional investors, including hedge funds buying now? Get MarketBeat's list of 13 stocks Institutional investors are up as quickly as they can. [Download FREE here.]( [CLICK HERE...]( Fellow Investor, [Bob Carlson]The residence usually is one of the most valuable assets retirees own. It also is one of the worst-managed assets. Few people realize the home can be used to increase retirement cash flow or know how to do so efficiently. In the past issues of Retirement Watch, we’ve gone over reverse mortgages and issues related to moving in retirement. Let’s put these topics together to consider how to make the best use of home equity in retirement income. While your house is your home, it also is both one of your most valuable assets and your highest expense. Most people consider their home equity primarily to be left for their children or to be used in a pinch to pay for long-term care or high medical expenses. Instead, consider how it can be used for your financial benefit. The first strategy to consider in making your home equity a retirement asset: is downsizing. Downsizing is moving from your current home to one that costs less and is less expensive to own. To many people, downsizing is moving to a smaller home, but that’s not necessarily the case. If you move to a less expensive area, you can purchase a home that costs less to buy and own without being smaller than the old home. [URGENT WARNING: Millions of Retirements Are At Risk]( [image]( Congress is spurring on the most dangerous retirement threat of the last 50 years. America’s top retirement researcher reveals the deadly truth behind this government move… Plus the ONLY way to fully protect your wealth in the coming months. [Click Here for the Full Story.]( [CLICK HERE...]( Downsizing can have two benefits. First, downsizing creates additional liquid assets. You sell the old home and purchase a new home that is less valuable than the old home. The difference is cash in hand for you that can be invested to generate additional retirement cash flow. Or you can use it to pay debt. Either way, eventually it increases retirement cash flow. The trick is to not overestimate the amount of cash downsizing will create. It costs money to buy and sell homes and move your goods to the new home (or acquire new furnishings and accessories). Many people overestimate the cash they’ll net from selling their old homes. As such, they often “downsize” to a home that’s more expensive than they really should have purchased. The result is a lot of real estate activity without increasing their nest eggs by much. A good rule of thumb in most areas is that the costs of buying, selling, and moving will cost about 10% of the value of your current home. Second, downsizing should decrease your monthly expenses. You’ve moved into a home that’s less expensive to own, so your monthly cash flow available to pay for expenses other than housing should increase. Downsizing also could have nonfinancial benefits by making your life easier and less stressful. You’ll have less home to clean and maintain. It also might be easier for you to move around the home, and the neighborhood might be more suitable to this stage of your life. In next week's issue of Retirement Watch Weekly, we'll discuss more ways to make your home equity more of a retirement asset. To a better retirement, [Bob Carlson] Bob Carlson Editor, Retirement Watch Weekly Editor’s Note: China is nearing the end of its 40-year plan to dominate the world’s economy. Only one obstacle remains: The U.S. dollar. But not for long... because China has enlisted many co-conspirators to sink the dollar: Russia, India, Brazil, Argentina, Germany, and even Canada. And – no surprise – the International Monetary Fund (IMF) wants to jump in to help China win. This means China now has the power to crush the dollar almost overnight... and bankrupt America, along with most of your investments. But there’s still time to protect your money and retirement. [Click here now to find out how... before it’s too late.]( SPONSORED [Ultra-Rich Love These Forecasts Outperforming the S&P]( [image]( Since the late-1980s, VantagePoint has continually perfected its artificial intelligence to help you find market reversals (with up to 87.4% proven accuracy.) [Attend Our Live (free) A.I. Market Training >>]( [CLICK HERE...]( Want More Retirement Advice? Check out my website, [RetirementWatch.com](, where you’ll find hundreds of free articles covering every aspect of retirement planning. Popular Posts: [What Heirs Should Know About IRAs]( [Surprising Tax Havens]( [How to Make Unlimited Tax-Free Gifts]( [How to Avoid Inherited IRA Disasters]( New to the Retirement Watch Community: SeniorResource.com Jeanine from El Paso, TX writes: “I just discovered that my mother, who’s 67, never enrolled in Medicare Part B or D. She was under the impression that if she didn’t go to the doctor, she didn’t need to pay the premium and could enroll later. Unfortunately, she’s just been diagnosed with colon cancer. I called the Social Security Administration to help her enroll in Part B. The agent informed me that she must wait until January 1 to enroll in Medicare Part B. Apparently, she has missed her “window of opportunity” since she didn’t enroll when she turned 65 and will receive a penalty when she enrolls." [Please advise me on what I can do to help her.]( About Bob Carlson: [Bob Carlson]Robert C. Carlson is the author of the books The New Rules of Retirement and Retirement Tax Guide, editor and investment director of the popular retirement newsletter, Retirement Watch, and editor of the free weekly e-letter, Retirement Watch Weekly. Bob is a frequent speaker at investment conferences around the country, and you can also hear Bob as a featured guest on nationally-syndicated radio shows, such as The Retirement Hour, Dateline Washington, Family News in Focus, The Michael Reagan Show, Money Matters and The Stock Doctor. 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