You can’t eat your house – now what?

In this episode of The Next Bit Podcast titled "You can’t eat your house – now what?", I dive deep into a pressing issue faced by many retirees: being asset-rich yet cash-poor. As homeowners, many find their wealth tied up in property, leaving them without sufficient cash flow to support their lifestyle. Joined by financial expert Hannah McQueen, we explore five practical strategies to enhance liquidity in retirement. From downsizing and renting to innovative family investments, we discuss how to navigate these choices effectively. This episode aims to empower listeners with insights to maintain their independence and quality of life as they age. Tune in to discover actionable solutions that can make a real difference in your retirement planning.