Will We Ever Retire?: How to Retire Cheaply--and Well

If your 401(k) has been mauled, don't despair. You can still retire comfortably by taking control of your expenses--especially housing costs. One popular way to tap your home equity is through a reverse mortgage. The bank, in return for a claim on your equity, pays you for as long as you live in your home. Another strategy is to trade down. Swapping a four-bedroom house for a small town house can free up capital to put into investments that will boost your monthly income. You can save even more by moving to a place that's fun and offers a low cost...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!