La Jolla Real Estate, Del Mar real estate, Rancho Santa Fe Homes, Carmel Valley Real Estate, University City and
Downtown San Diego real estate, homes and condos for sale in California - Ruth Mills & the Mills Team, REALTOR.






Search the San Diego MLS
(includes all areas in San Diego County)



 November 06, 2007

Strategies for using your Home's Value for Retirement
In light of the recent decreases in Home prices, the actual value of a single-family home in the United States has increased more than 100%. In some areas it has tripled, according to the Standard & Poor's Case-Shiller index.
Many homeowners that are approaching the retirement years are contemplating ways to utilize the value of their home to assist them with their futures. Here are a few pointers to consider.

You have to live somewhere. People that want to move to a new location for their retirement years should first map out where they want to move to. Getting this accomplished first will help make the downsizing process easier to when they are looking forward to getting to their new location.

Downsizing early can reap big rewards. Retirees can open up a lot of extra retirement money by selling earlier rather than later. The cash that is raised can provide cash to live on early on in the retirement years leaving IRAs and other retirement accounts untouched giving the nest egg additional time to grow; while providing flexibility in dodging tax bills.

Run the numbers first. Persons considering retirement should take the time to figure out how much money is available without unlocking cash from their home. If it turns out that there is ample funds available, then proceeds from the sale of the house is just the icing on the cake.

Back to Real Estate News

Search San Diego Real Estate