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Retirement Planning Tools

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  • NickEMR
    NickEMR Posts: 9 Forumite
    10 Posts Name Dropper
    NickEMR said:
    westv said:
    Just thought of another question. What are the programs assumptions regarding home equity? Does it assume that equity will be released if needed? Up to the 25% or so I've seen mentioned elswhere?
    Yes, EvolveMyRetirement releases home equity, but only if needed. It assumes a maximum of 25% of home value for a 50-year-old, with a sliding scale up to (a conservative) 50% for an 85-year-old or older.
    Correction, that should be 25% for a 55-year-old. Equity release is assumed not to be an option if younger than 55.
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