Reply to Counting home value in net worth

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I understand that it is part of the definition. But I’m not spending that money during retirement so I don’t count it. The same way I don’t count the 529’s, which are also massive. [/quote]
Our house is paid off. Not having a mortgage does matter for retirement planning.[/quote]

So is ours, what is your point? It’s still not throwing off income the way that investments do. The only way it creates income is buy selling it or borrowing against it, neither of which I’m going to do. Therefore it’s not part of my retirement income plan. [/quote]

But if you need to you can sell it and move to something smaller/cheaper.  Many people are still living in large homes their raised their families in.  They can 100% get something smaller for less if they need to. 
And if you need to sell the home and move to a retirement facility, you can use the home value as you own it.

[/quote]

I could but the whole point is I don’t want to so I’m saving accordingly. If you have to sell your house to afford your life you are overextended. [/quote]

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