Our daily roundup of retirement news your clients may be thinking about.

Remind clients of home equity when planning their retirement A report from the Bipartisan Policy Center indicates that many cash-strapped Americans are unaware that their home equity offers them the opportunity to help secure their golden years. According to the center, Americans have an aggregate $12.5 trillion in home equity, almost equal to the $14 trillion they hold collectively in retirement savings. And many of them make the mistake of tapping that home value in the form of loans for immediate consumption, which can deplete the equity they've saved, which could be used in retirement. The report encourages people instead to preserve their home equity to improve their financial security in retirement, particularly for those workers who have little savings. One way to shore up retirement savings using home equity is to take a reverse mortgage. Clients may also sell their property and move to a less costly house, pay off their mortgage and live rent-free in their home, or earn additional income by renting out a portion of the house. They may also consider their home equity as a resource for their long-term care expenses in the future. --CBS Moneywatch

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