9 Ways to Not Run Out of Money in Retirement

4) Get Your Home in Order

You don’ t want to use your retirement funds to pay off your mortgage. Instead of doing that, make sure your home is paid off before you retire. That way, your biggest asset during your retirement years could be a home that is completely paid for and remodeled so you can live comfortably. If you don’t have a mortgage to pay, you can withdraw smaller amounts from your retirement accounts. If needed, you could use the equity in your home for retirement in the form of a reverse mortgage later. If a move is planned for your retirement, make sure you spend some time in the community you plan live in so you can properly acclimate and understand what your living expenses will be. You want to be comfortable and feel at home wherever you decide to live.