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Reply to "Is putting $$ into retirement (not college funds) wise for older parents? "
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[quote=Anonymous]PP here. Thanks, posters. I should also mention that we own two houses (one primary residence, one investment) that are mostly paid off (over 400K in equity in each). If we don't have enough income to put the full $16,000 into regular retirement and $5500/year in a Roth IRA, should we consider refinancing so that we can use the money to max out our retirement? The mostly paid off houses will count in our financial aid calculation, right? [/quote]
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