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7-26-24 Should You Tap Your Home Equity for Retirement Income?

Rich & Danny recap Danny's recent accident; Rich's market summary includes a preview of today's PCE release. Markets are awaiting confirmation of a trend. Dealing with the election fallout on your money; markets have already priced-in everything you know. PCE will move markets today; there is still $500-billion in unspent government funds from the Inflation Reduction Act. Dealing with data breaches. Retirees' biggest worry is about income: What is the biggest source of income for most Americans? Their house & home equity...and SS, a forced pension. Benefits of a HELOC--get one early, and don't touch it. The best use of "buffer assets." Thinking of HELOC's and reverse mortgages as "unfreezing" liquidity in the frozen asset of your home. Retiremnent is about depleting assets; you're no longer in savings mode. Strategies for placing a HELOC, and coordinating with other retirement strategies. Commentary on Dave Ramey's Financial Peace University--it's not just for poor folk.

2:59 - Market Summary: Waiting for Confirmation of a Trend
14:08 - Election Fall-out for Your Money; PCE Preview
30:00 - Reverse Mortgage LOC: Get It but Don't Touch It
44:07 - Retirement IS About Depleting Assets

Hosted by RIA Advisors Director of Financial Planning, Richard Rosso, CFP, w Senior Financial Advisor Danny Ratliff, CFP
Produced by Brent Clanton, Executive Producer
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Articles mentioned in this report:
"Interest Rates Are Too High – Blame The Mythical R Star"
https://realinvestmentadvice.com/interest-rates-are-too-high-blame-the-mythical-r-star/
"Irrational Exuberance Then And Now"
https://realinvestmentadvice.com/irrational-exuberance-then-and-now/
"The Bull Market – Could It Just Be Getting Started?"
https://realinvestmentadvice.com/the-bull-market-could-it-just-be-getting-started/
"Can Mega-Capitalization Stocks Continue Their Dominance?"
https://realinvestmentadvice.com/can-mega-capitalization-stocks-continue-their-dominance/
"Russell Explodes Higher As Rotation Takes Hold"
https://realinvestmentadvice.com/newsletter/
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The latest installment of our new feature, Before the Bell, "Will the Correction Reach 5%?" is here:
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Our previous show is here: "How Your Confidence Can Boost or Break the Economy"
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Get more info & commentary:
https://realinvestmentadvice.com/newsletter/
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#HomeEquity #ReverseMortgage #BufferAssets #PCE #FederalReserve #InterestRates #2024Election #FinancialSituation #MarketImpact #Economy #ConsumerSpending #ConsumerSentiment #InvestorSentiment #PortfolioPerformance, #EconomicBehavior #FinancialMarkets #SpendingHabits #MarketDecline #Financial Health #EconomicSentiment #FinancialDecisions #InvestmentConfidence #ConsumerConfidence #MarketSentiment #EconomicImpact #SpendingPatterns #FinancialImpact #Markets #Money #Investing
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Lance Roberts
Finally, financial news that makes sense. Lance Roberts, the host of "StreetTalkLive", has a unique ability to bring the complex world of economics, investing and personal financial wealth building to you in simple, easy and informative ways but also makes it entertaining to listen to at the same time.
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