Home Sweet Home Your Castle or Your Retirement Plan? If you’re like most Baby Boomers, your home is your castle. Thirty years of faithfully making mortgage payments is proof of that. However, for some it’s also a strategic piece of their retirement planning puzzle - offering a steady stream of guaranteed lifetime income as well as other cash and income options. For Boomers, home equity represents their largest financial asset, about two-thirds of their total wealth according to Jamie Hopkins, director of retirement income and professor of taxation at the American College of Financial Services. He says, “Home equity is often ignored as a financial asset and potential income source…” When you retire, your home can serve at least five different functions.
So, castle or retirement plan, it makes no difference. Either way, having the option to milk your cash cow could be a valuable financial strategy to keep tucked away in your hip pocket – just in case. To find out more about how you can energize your retirement income with accumulated home equity, just click on the Retirement Income and Income Stretchers and Strategies sections. Have a great retirement! The Saltwater Geezer
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Ready to take the Retirement Leap? Ready to leap into retirement? Whether you’ve already taken the retirement leap or you’re a soon-to-be-senior standing on the dock, you still need to get your ducks in a row - so to speak - to assure retirement happiness. For Boomers, “living the retirement dream" can mean a lot of different things. For some, it's a life spent kicking back on the beach with an endless supply of Mai Tais. For others, world travel, meeting new people and experiencing other cultures is high on their list. Some just want to age in place, eat at some great restaurants, play a little golf and volunteer in the community. Regardless of how you define retirement, there are two things that will determine your happiness in one of your last leaps of faith:
Supercharge Your Income The money part means having enough guaranteed, sustainable, lifetime income to do whatever you want to do, whenever you want to do it. This means supercharging both your existing and new sources of retirement income. It also means ducking foolish financial blunders with your nest egg that can put the rest of your retirement lifestyle in jeopardy. This website is jam-packed with ideas, tools and techniques to help you boost your retirement income to the max. Retirement Reincarnation For most of your adult life, the work that you did, the relationships you forged and the satisfaction of a job well done helped define who you were as a person. All that changes the day you take the retirement plunge. Rear view mirror memories will only sustain you a short time when every day is Saturday. So before you can start living your dreams, you’ll have to discover your dreams. And then, have the grit to follow them. Retirement Happiness Studies published by AARP and several universities all point to three strategies for finding happiness in retirement:
You've come to the right place to find Retirement Happiness in Lower, Slower Delaware. Browse through my website. Let me know if you have questions. And, Have a great retirement! The Saltwater Geezer |
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