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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.

• 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.