June is National Home Ownership Month. We at The Seniors Center wanted to take a moment to discuss how owning a home can impact your retirement planning options.
A mortgage-free home can significantly reduce living expenses in retirement. It can also provide financial stability when income may be fixed or limited. Beyond the financial benefits, owning your home offers a sense of security and independence, key factors in a comfortable retirement. It’s not just a place to live; it’s a long-term investment in your future.
Homeowners build equity over time. You can tap into this through downsizing, renting, or leveraging home equity lines of credit. The number of retirement-age homeowners with mortgage debt rose by 13 percent over the last generation. For those without enough retirement assets to cover mortgage debt, they may want to reconsider their options, especially if they don’t need the extra space now that they have an empty nest.
Help The Seniors Center Protect the Future of Social Security
The Seniors Center is committed to finding solutions to strengthen and protect the Social Security Trust Fund. Social Security is a contract between citizens and the government. Money deposited in the Trust Fund should only be used to pay benefits to eligible recipients.
The Seniors Center is demanding Congress finally put a stop to the careless borrowing and spending by greedy politicians that has put our Trust Fund and our secure retirement in jeopardy.
At The Seniors Center, our goal is to help seniors, and we’re doing that by protecting the future of Social Security. Retirees shouldn’t have to worry about losing their hard-earned benefits to taxes or the agendas of greedy politicians. If you agree, we invite you to sign our petition today! And follow The Seniors Center on Twitter and Facebook for more updates!
