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Mark Miller: Rebooting Retirement

The Long View

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Retirees Should Tap Their Home Equity

Jeffrey Toobin: I'm with Alan Roth the planner on this who argues vociferously that if you have the resources that makes sense to not enter retirement with a mortgage. One factor of course is that fewer people are itemizing their deductions hence the mortgage interest, you know subsidy is available in fewer cases. Do you think more retiree should tap their home equity in some fashion either by downsizing or staying put and using a home equity line of credit or reverse mortgage for that matter? Jeffery Toobin: Generally speaking, I'm for it for people can do it. And home equity is the largest financial asset for many retiree households.

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