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...

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