December 1, 2013

Should You Monetize Your Home Equity?

By Bruce Alan Mann

Your home represents a significant portion of your net worth. Your children have grown, and there are rooms you no longer use. Should you sell and buy or rent a smaller place? Should you stay where you are but take some of the equity out of your home and invest it in other assets? These are questions many lawyers face as they approach retirement.

This article will explore the financial planning issues involved in deciding whether to make a move. But first you need to decide whether physically and psychologically a move is right for you.

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