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For those that are worried about their future today, there are ways that you can take advantage of money you have now to invest it in your future retirement. One of the greatest resources for these types of funds is in home equity. If you have owned your home for some time and it has appreciated as most do over time, you could probably set up a solid retirement plan using only the funds from a home equity line of credit.
A home equity line of credit is a fast, easy, low cost way to get a large amount of money for any reason. Most advisers would tell you that a home equity line of credit should only be used to consolidate other debts or to re-invest. Retirement is one of the best ways for you to re-invest this capital.
If you are wondering what the best form of retirement planning would be for you, there are many financial advisers who would love to discuss your options with you. Most of them can help you draw out your home equity line of credit and re-invest it immediately. It can be so seamless that you almost never can tell that the money was moved. Speak with a financial adviser about the possible retirement planning options that you could take advantage of with you home equity line of credit. Money only works when it is working for you and there are always ways to make it work better and faster.
|Jennifer Mathes, Ph.D.|