- by C.C.
8. Get help from your home
If you own a home, the equity may well be your biggest source of wealth. Two common ways to tap it are taking a reverse mortgage or selling the home and downsizing, investing the profit in a retirement account.
Maybe you don’t want to sell or take on debt. There are other ways to use your home as a retirement asset.
For example, you could rent a room to a boarder or get a housemate, occasionally rent part of the home to vacation travelers or rent it out while you travel. Or you could move to a cheaper location.