the majority of retirees, if not the VAST MAJORITY, have significantly more wealth in their home than they do in financial assets.
Retirees in the lowest 3 quintiles of wealth all have more, significantly more, wealth in their homes than any other asset.
In fact, even folks in the 4th wealthiest quinitle, their financial assets just equal their home asset. It's only the richest quintile of retirees who have more financial assets than home equity assets.
Thus, to NOT consider using home equity makes no sense for most households. This does not mean run out there and sign away. But it's important to understand these products and how they can impact, to the positive, your retirement planning.
http://crr.bc.edu/wp-content/uploads/2017/02/IB_17-6.pdf
https://crr.bc.edu/
================================
If you like what you see, a thumbs up helps A LOT. It tells YouTube that people are engaged and so the Youtube algorithm will show the video to others who may be interested in the content. So, give me a thumbs up, please!
Don't forget to SUBSCRIBE by clicking here: https://www.youtube.com/channel/UCSEzy4i9xrKPoaU9z0_XbmA?sub_confirmation=1
My Amazon Product page:
https://www.amazon.com/shop/heritagewealthplanning
Anything you buy there Amazon pays me a commission. Much appreciated!
If you received value from this video and/or channel, and want to say thanks, feel free to send a donation via Paypal. I'm not too proud to ask! https://bit.ly/2Gq1QsE
Contact me: Josh@heritagewealthplanning.com
GET MY BOOKS:
ALL are FREE to Kindle Unlimited Subscribers!
The Tax Bomb In Your Retirement Accounts: How The Roth IRA Can Help You Avoid It
https://amzn.to/2LHwQpt
Strategic Money Planning: 8 Easy Ways To Put Your House In Order
https://amzn.to/2wKGi50
State by State Tax Guide For Retirees:
https://amzn.to/2A1TmkH
GET ALL MY LATEST BLOGPOSTS:
https://heritagewealthplanning.com
PODCAST:
https://itunes.apple.com/us/podcast/josh-scandlen-podcast/id1368065459?mt=2
http://heritagewealthplanning.com/category/podcasts/
LET'S SOCIALIZE!
Facebook: http://Facebook.com/heritagewealthplanning
Linkedin: https://www.linkedin.com/in/joshscandlen/
Quora: https://www.quora.com/profile/Josh-Scandlen
Google +: https://plus.google.com/u/1/108893802372783791910
