In Your Corner: My house is my retirement plan. Am I doomed?
If you’re a homeowner planning for retirement, you may be hoping to cash in on your house to support yourself in your golden years. But is that a wise move?
Adam Fisch, an advice-only financial planner at Stewart and Kett Financial Advisors, agrees it’s a huge risk to have a large percentage of your retirement funds tied up in one asset. The market could crash just as you close in on retirement.