Why Financial Advisors Are Telling Retirees Over 65 to Stop Sitting on Home Equity

Why Financial Advisors Are Telling Retirees Over 65 to Stop Sitting on Home Equity

The post Why Financial Advisors Are Telling Retirees Over 65 to Stop Sitting on Home Equity appeared first on 24/7 Wall St..The median homeowner over 65 is sitting on $250,000 in home equity, a figure that is 47% higher than it was before the pandemic, according to a Harvard analysis of federal survey data. Most of that equity will sit untouched until a home is sold or passed to heirs. Financial advisors are increasingly pushing back on that def…