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Retirement Uncertainties: Why Financial Planning is Necessary > Issue 5 > How Much Home Equity Can Be Unlocked?

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For many years now, home-owning Americans had more equity in their homes than they did in their retirement accounts.  In order to afford their retirements, they would have to find a way to unlock that equity, either by selling their homes and renting or moving in with family, or by downsizing to a cheaper home and netting the difference in the sale and purchase prices.  Even for home-owning Americans with healthy retirement accounts, unlocking home equity by downsizing is a common strategy to increase retirement assets.  Unfortunately, with so many baby boomers selling bigger and buying smaller at the same…

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Thoughts from the Investment Team – This is Where Mistakes Are Made

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John Pierpont Morgan was known to have said, “Nothing so undermines your financial judgement as the sight of your neighbor getting rich.” Understanding the bigger picture can help us avoid unrealistic performance extrapolation (both up and down) and stay focused on those things that truly offer the most opportunity for lasting gain. There’s no more important time than now to look forward rather than backward. This year has been particularly dangerous, not because markets have imploded, but because the way they are moving exposes our psychological vulnerabilities as investors. After a strong 2017, U.S. stocks ran up very aggressively in…

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