Everyone is familiar with debt. It is the cost associated with taking the next step to reach goals like getting an education, buying a car, or purchasing a house. Debt sticks with people even after those goals have been reached. It’s not uncommon to have debt when you enter retirement. The question is, what do you do about it? Here’s an overview of what to know about having debt in retirement and how to address it. The Retiree Debt Trend Debt often feels isolating. But in reality, debt among retirees is not uncommon. Between 2003 and 2017, the amount of... read more
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What is Equity?
Posted on September 11, 2019Home equity is a term associated with real estate. Over time, homeowners often wonder if there’s anything they can do to leverage the equity that they’ve gained while owning the home. Understanding what home equity is and how to use it is key to making smart decisions about the way to use it when you need it. read more