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Are you excited by the idea of retirement, do yearn for days on end when you control your own time—and have an abundance of it? Do you aspire to have the freedom to travel, have time to bask in the sun, or better still, just sitting by the beach sipping a cup of coffee in one hand and a newspaper on the other? Basically, time to do whatever you want.
Or do you fear retirement, does the thought of questions like;
- Will I outlive my savings?
- Will I end up having to live in my kid’s basement?
- Will I have to work for the rest of my life?
- Will I at some point be homeless and destitute?
- Will my pension be able to sustain me, especially with the rate at which inflation keeps rising?
Scare you or keep you awake at night?
If your answer is yes, to both the excitement and the fear of retirement, don’t be perturbed, for you are not alone. For, there is always the option of finding out how to release equity from your house.
It is no news that real estate is one of the many ways you can cushion the effects of retirement. Why real estate you say? Well for starters, you need something that has the potential for capital gains and at the same time can give you cash flow.
We live in a world where everybody can’t be a real estate investor or have several houses—which is the reality. But it is not uncommon to have a home or an apartment. And if you do own one, then retirement might not be as bad as you think. Here is why! You can always opt for equity release options.