Adapting your home for a vacation rental — whether your whole house, a basement apartment or a room — could be a real help in retirement. America has a retirement cash flow problem, and there is no obvious solution for financially strapped U.S. retirees. So, it's worth running the numbers to see if this type of rental could add the cash cushion you need in your retirement plan.
According to a recent Employee Benefit Research Institute (EBRI) study, 68% of the nation’s retirees reported having outstanding credit card debt. At the same time, approximately half of US seniors said they have “saved less” than they needed for retirement.
