My home is a big part of my retirement income planning as it is a two family and the lower unit produces $1200/month rent. If I moved downstairs and rented out my unit that would increase to $1800/month.
If I need capital rather than income I can always turn the house into 2 condos and sell one. The lower unit should bring $275k and the upper $375k.
It's also been a reasonable investment as it's value has compounded at 4.4% a year over the last 17 years.
OCCUPY ER, <=>
"The needs of the many outweigh the needs of the few, or the one." - Spock
Retired Mar 2014 at age 52
Target AA: 70% equity funds / 28% TIAA-Traditional/ 2% cash
Target WR: 0.0%,
Income from pension, rent, and eventually SS