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.
“So we beat on, boats against the current, borne back ceaselessly into the past.”
Current AA: 75% Equity Funds / 15% Bonds / 5% Stable Value /2% Cash / 3% TIAA Traditional
Retired Mar 2014 at age 52, target WR: 0.0%,
Income from pension and rent