Home equity is a powerful risk management tool that many higher net-worth individuals and their advisors are starting to explore. Historically, financial professionals ignored home equity in retirement planning for a simple reason – there was no effective way to access it. Not long ago, the only ways to exploit home equity were to sell the home or refinance it and take on a monthly payment obligation.
Originally published by Advisor Perspectives on July 25, 2022. Read full article here.
Contributions to Fiduciary Voices are provided by independent financial advisors and other professionals who are vetted by an editorial team.