Real Estate

Why moving in retirement can earn you an extra $100,000 — or more

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Moving in retirement can unlock a big pot of money to help fund those post-work years.

In 2019, the typical homeowner age 60 or older who sold their home and relocated to a cheaper housing market accessed nearly $100,000 in home equity, according to new research published by Vanguard Group.

The typical person at the top 10th percentile made even more money — $347,000 — by using the “retire and relocate” strategy, Vanguard found.

A quarter of all U.S. retirees have “the potential to shore up their retirement funding” by moving to a cheaper market, the report estimates.

More from The New Road to Retirement:

Here’s a look at more retirement news.

While the maneuver isn’t right for everyone,…



Source cnbc.com

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