Home Ownership Key in RetirementOlder home owners who leverage the equity in their home may be better off in funding their retirement, according to a new study by the Urban Institute. “Not only does a house meet the basic needs of shelter, but it’s an asset that typically can be used to build wealth as homeowners pay down their mortgages,” the study’s authors note. “In fact, many retirement security experts argue that the conventional three-legged stool of retirement resources—Social Security, pensions and savings—is incomplete because it ignores the home.”
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