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re: Excluding home equity, the median 40-44 year old has a net worth of just $58,000
Posted on 1/8/24 at 7:58 pm to stout
Posted on 1/8/24 at 7:58 pm to stout
quote:Can also sell and downsize while accessing a significant portion of the equity of a paid off asset that has greatly appreciated. However, stripping out home equity can provide useful information.
A reverse mortgage? Sure I guess. I wouldn't care to have to rely on that in my old age.
1
Posted on 1/8/24 at 7:59 pm to WDE24
quote:
Can also sell and downsize while accessing a significant portion of the equity of a paid off asset that has greatly appreciated.
Yes I pointed this out earlier
quote:
However, stripping out home equity can provide useful information.
I agree.
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