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Imagine retiring early while maintaining a comfortable and relaxed lifestyle.
Sounds good, but how do you get there? While early retirement is not an impossible feat, it does require effort. If done properly, you’ll retire with time on your hands and money in your pockets.
Here are four steps you can start taking today:
1. Leverage your home equity for cash
Your home equity is an asset.
If you’ve repaid more than 50% of your loan, you can get a cash-out refinance and use the profits to move closer to retirement. (If you don't have 50% home equity, see tip #2.)
Better will help you get there and offers refinance options without lender fees or commissions.
How to get started: Visit Better and click “refinance” to calculate.
2. Make your mortgage start working for you
Buying your home was a major commitment. Wouldn’t it be nice to get some return on that big investment?
Well, you can. If you’re 62 or older, you’re eligible for a reverse mortgage that will become a source of income during your retirement.
AAG puts it all within reach so you can retire better.
Click here and get a free quote along with an information kit. In just two minutes, you'll know if a reverse mortgage is right for you.
3. Lower expenses to increase savings
Assuming a new attitude toward your finances will help you achieve your retirement goals.
A great strategy to save money is to bundle your home and auto insurance. By buying both policies from the same provider, you’ll save on premiums.
On average, bundling policies may save you 8%.
4. Automate your investments
Retirement should mean less hassle and more convenience.
That’s why automated investments are the way to go for a hands-off investment strategy that will enhance your retirement finances.
It only takes a moment but the benefits will last for years.