Summary
The article explains how retirees can tap their home to boost retirement income and cash flow. With Americans holding record home equity, older homeowners have several options. They can sell their house to fund living expenses or downsize to lower costs. Renting part of the property—through long-term tenants or short-term rentals—can generate steady income. Home equity products, such as loans, lines of credit, or reverse mortgages, let retirees access cash without moving. Each choice involves trade-offs, such as fees, risks, and lifestyle impacts, so homeowners should weigh how each option fits their retirement goals and financial needs.
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