{"id":9493,"date":"2018-08-13T21:31:17","date_gmt":"2018-08-13T21:31:17","guid":{"rendered":"\/?p=9493"},"modified":"2020-09-02T11:02:02","modified_gmt":"2020-09-02T11:02:02","slug":"experts-suggest-using-your-home-to-fund-retirement-plans-2","status":"publish","type":"post","link":"https:\/\/financeguidetoday.com\/insurance\/life-insurance\/experts-suggest-using-your-home-to-fund-retirement-plans-2\/","title":{"rendered":"Experts Suggest Using Your Home to Fund Retirement Plans"},"content":{"rendered":"
For many retirees, the idea of giving up their family home is a tough proposition to accept. But according to Steven Sass, a research economist at the Center for Retirement Research at Boston College, that\u2019s exactly what\u2019s needed for many individuals to afford retirement.<\/p>\n
“People have a serious behavioral resistance to touching their savings or home equity in retirement,” Sass told CNBC. \u201cWe think a lot more retirees need to think about using their house for income.\u201d<\/p>\n
According to the latest University of Michigan Health and Retirement study \u2013 conducted in 2010 \u2013 the average household entering retirement has a net worth of just over $300,000, including their home.<\/p>\n