One critical decision you will make in retirement is whether to sell or stay in your house. This helps determine your expense level in retirement and the amount of money you need to save. If you sell and move to a less expensive place, you have the opportunity to lower your expenses and take equity out of your house to supplement your income. If you decide to stay, you might well pay off your house but may not be able to use the equity in your house to sustain your lifestyle. One planning option is to consider a reverse mortgage. Reverse mortgages allow you to convert equity in your house into income. Peter Bell, President of the National Reverse Mortgage Lenders Association shares his knowledge and provides tips and warnings for those seeking a reverse mortgage. If you are to age-in-place, you might want to age proof you house. As we age things we easily manage can become frustrating. Josh Scharf a product designer shares some age proofing ideas that you can use today to make your house age friendly.

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