Reported about 2 months ago
Vanguard suggests that retirees can significantly enhance their financial position by selling their homes in high-value markets and relocating to more affordable ones. This strategy has enabled many to unlock substantial home equity, with median gains around $99,000 and up to $347,000 for top homeowners. While this approach can increase retirement funds, potential risks include market volatility and the necessity of relocation, making it crucial for retirees to consider their options and possibly seek professional financial advice.
Source: YAHOO