
#001 - How much money do I need to retire?
Retirement Planning Education, with Andy Panko
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Reverse Mortgages - How to Unlock and Use Equity in Your House While You're 62 or Older
If you're 62 or older, there are ways to unlock and use some of the equity in your house while you're alive. If that's important to you, if you want to leave the home unencumbered to heirs, then by all means, do that. But don't bank on those, at least not to the same extent as social security pensions or annuities. How much money do you need to support a forty thousand dollar per year withdrawal? And assuments going to have to go up overtime as inflation happens.
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