T
TromboneAl
Guest
Nice forum you have here.
My question: When doing your SWR calculation, should you factor in the equity in your home?
My feeling is that since my wife and I feel no need to leave anything to our heirs, and that we could get a reverse mortgage at some point if necessary, that the home equity should be factored in.
I know nothing about reverse mortgages -- perhaps there are some disadvantages that I don't know about.
What are your thoughts?
BTW -- what does "FIRE" stand for (I hope this won't offend anyone, but all I could come up with is: "F*** it, retire early!")?
Thanks!
My question: When doing your SWR calculation, should you factor in the equity in your home?
My feeling is that since my wife and I feel no need to leave anything to our heirs, and that we could get a reverse mortgage at some point if necessary, that the home equity should be factored in.
I know nothing about reverse mortgages -- perhaps there are some disadvantages that I don't know about.
What are your thoughts?
BTW -- what does "FIRE" stand for (I hope this won't offend anyone, but all I could come up with is: "F*** it, retire early!")?
Thanks!