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Free Up The Value In Your Home For Retirement Spending

Posted by AlexC August - 1 - 2012 - Wednesday ADD COMMENTS

As a person approaches retirement, they usually have some great plans of ways they can relax and take life a bit easier, especially if they’ve been had a busy working life that has left little time for hobbies and activities. Whatever your plans for retirement, you’ll also need the funds to make it possible to live comfortably when you stop earning.

retired couple home Free Up The Value In Your Home For Retirement Spending
Photo: foxnews.com

However, the pension pot doesn’t always stretch that far, so more and more retirees have been turning to equity release plans in recent years so they can benefit from some of the value stored in their homes. This is understandable given the general rise in house prices over the last couple of decades. If you live in a home you bought twenty or thirty years ago, there’s bound to have been an increase in the equity you hold in that property.

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