Is home equity an underutilized retirement asset?

Sass, Steven A. “Is home equity an underutilized retirement asset?”. Issue in Brief 17-6, Chestnut Hill, Mass.: Center for Retirement Research at Boston College, March 2017. http://hdl.handle.net/2345/bc-ir:107323.
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Abstract

The brief's key findings are: (1) Home equity, the largest asset for most households entering retirement, can be tapped by downsizing or by taking a reverse mortgage. (2) Few households currently use either option due to behavioral and informational barriers, a preference to stay in one's home, and high transaction costs. (3) To the extent that behavioral and informational barriers impede downsizing or reverse mortgages, home equity is an underutilized retirement asset. (4) An open question is whether more retirees will overcome these impediments and tap home equity in response to growing financial pressures.

Title
Is home equity an underutilized retirement asset?
Author
Sass, Steven A.
Center
Center for Retirement Research
Genre
report
Date Issued
March 2017
Publisher
Center for Retirement Research at Boston College
Series Title
Issue in Brief
Series Number
17-6
Persistent Link
http://hdl.handle.net/2345/bc-ir:107323
Use Restrictions
These materials are made available for use in research, teaching and private study, pursuant to U.S. Copyright Law. The user must assume full responsibility for any use of the materials, including but not limited to, infringement of copyright and publication rights of reproduced materials. Any materials used for academic research or otherwise should be fully credited with the source. The publisher or original authors may retain copyright to the materials.
Subject
Financing Retirement

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