Many retirees have built up significant home equity over the years, but surprisingly, they often overlook it in their retirement planning. With the average home equity for homeowners in the U.S. sitting at around $300,000, it’s a valuable asset that can be leveraged to support retirement.
“You can do a couple of different things with your home equity,” says Pam Krueger, founder and CEO of Boston-based Wealthramp, an SEC-registered adviser matching platform. “It all comes down to picturing the funnel. It starts wide at the top, and then, as you start to learn there are costs and rules, the funnel gets skinnier.”
