A step-by-step guide to turning real estate into the retirement you want
Baby boomers preparing to retire, as well as those who have already retired, have five times more money in home equity than in stocks and bonds. Focusing on both retirement and real estate, Retire on the House is designed for readers who want to use their home equity to finance their retirement years. Filled with in-depth insight and practical advice, this unique guide illustrates a number of ways this can be done, including: selling the house and investing the proceeds in stocks and bonds; selling and investing in more real estate; staying put and taking in tenants; taking out a reverse mortgage or home equity line of credit; and much more. Many of today's homes have tremendous value. With Retire on the House as their guide, readers will discover how to use this value to create a prosperous retirement.
Gillette Edmunds (Oakland, CA), a leading expert on investing during retirement, has more than tripled his net worth during his own retirement. He served as the SmartMoney expert on early retirement for the weekly SmartMoney primetime chat room on AOL and has been a guest on many local radio programs. He currently writes a regular column for SimpleLiving.com. James L. Keene, CFA, CFP (San Francisco, CA), was most recently with Bingham, Osborn & Scarborough, LLC, a comprehensive wealth management firm in San Francisco, where he managed $200 million in high-net-worth client investment assets. Keene also teaches CFA review classes and is a faculty practitioner at the University of San Francisco.