376 | The Four Backstops to the Four Percent Rule | Sean Mullaney
ChooseFI
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Your Blue Print of Financial Independence
The next back stop is your own primary residence, right? Most early retirs have either significant equity in it or fully own it outright. If the stock market really declines, and all of a sudden your financial assets are depleting, what you could do is move into a smaller condo,. Or rent an apartment, or move to a lower cost of living area. The last one is a reverse mortgage, where you take equity out of your primary residence and stay in it. It's not the best option for all people, but it too, is just another tool in the tool box Where your primary residence can help finance your retirement and help make sure that you are financially successful.
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