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Kiplinger
Kiplinger
Business
Maurie Backman

I'm 50 and My Home Is Worth $5 Million. Can I Retire Now?

(Image credit: Getty Images)

Question: I'm 50 and my home is worth $5 million. Can I retire now?

Answer: It depends on several factors. For many Americans, home equity is a major source of wealth, a huge contributor to net worth and a key component of their retirement planning strategy. Because home values have risen in recent years, many Americans have seen their net worth increase.

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