- If you get a reverse mortgage, then you can actually take your money in the form of a lifetime annuity or secure a line of credit. So, you get to stay in your home for as long as you live, but the home also provides a reliable income stream.
- You can downsize, cash out some of your home equity and utilize some of the retirement income strategies in this article to create predictable income.
- It might even be possible for you to rent out part of your home and generate income that way.
Consider Home Equity
Consider Home Equity
Consider Home EquityYour home is likely your most valuable asset, not your retirement savings.And, there are actually numerous ways to turn your home equity into retirement income.