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Ecology of Money

4 Common Real Estate Mistakes Retirees Make

Thinking of your home as a piggy bank, moving strictly to free up cash, and not understanding your home-equity options can cost you in retirement, says contributor John Wasik.

When it comes to real estate, making the right decision becomes more complicated when you retire. Many difficult questions arise: Should you downsize? Should you consider a reverse mortgage? Can you make real-estate decisions that save you money and free up some cash?

Each one of these questions requires careful thought. And there's no "right" answer for everyone.

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