Toggle navigation
Toggle navigation
Home
DCUM Forums
Nanny Forums
Events
About DCUM
Advertising
Search
Recent Topics
Hottest Topics
FAQs and Guidelines
Privacy Policy
Your current identity is: Anonymous
Login
Preview
Subject:
Forum Index
»
Money and Finances
Reply to "Where is your retirement money going to come from?"
Subject:
Emoticons
More smilies
Text Color:
Default
Dark Red
Red
Orange
Brown
Yellow
Green
Olive
Cyan
Blue
Dark Blue
Violet
White
Black
Font:
Very Small
Small
Normal
Big
Giant
Close Marks
[quote=Anonymous][quote=Anonymous]I am confused as too why you consider the equity in your home as part of your retirement. You need a home in retirement and most people stay or move to equivalent price point.[/quote] Income needs go down in retirement if you own your own home. Having a paid off mortgage in an area where rent is $2k a month is the equivalent of owning a bond that throws off $24k a year, tax free. Additionally, many people move to lower priced homes in retirement allowing them to liquidate equity for living expenses, also tax free (within limits).[/quote]
Options
Disable HTML in this message
Disable BB Code in this message
Disable smilies in this message
Review message
Search
Recent Topics
Hottest Topics
