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How To Turn a Paid-Off House Into Reliable Retirement Income — Without Downsizing
Yahoo Finance· 2026-01-19 09:14
The greatest source of net worth for most Americans is their home. And many retirees may be sitting on a lot of equity if their home is paid off. While more equity isn’t a “problem” per se, it can create an issue. Seniors need income to make it through retirement, not assets. If most of their net worth is tied up in the home in which they live, it can be a challenge to unlock that wealth. Fortunately, today’s homeowners have multiple ways to leverage a paid-off house that don’t include downsizing and movi ...