Maximize Your Home Equity With These Strategies

A meme stock ETF may be on the way

August 31, 2021 The average home seller makes a healthy $94,500 in profits these days, up more than $34,000 since just last year, according to ATTOM Data Solutions. That good news belies a conundrum for those who plan to sell their place and buy another in today's hot housing market: even as you pocket a premium when you sell, you'll turn around and pay a premium when you buy. This can eat into your profits, but it doesn't have to be this way. Today's featured story explores ways to maximize your home equity, like selling and renting or buying a much lower-priced home. If you don't plan to move, a home equity loan could help you finance aging-in-place modifications. Data suggests that home prices may be plateauing, so now's a great time to consider your options. Retire with Money is going on vacation. See you after Labor Day! P.S. If you got this newsletter from a friend, sign up here for email delivery to make sure you don't miss the next issue. Timely Retirement News, Insights and Advice

Baby Boomers Are Uniquely Positioned to Cash in Big on Their Homes U.S. homeowners are sitting on about $8.1 trillion of collective home equity. READ MORE

A Meme Stock ETF Could Soon Be Available to Investors The fund would track an index that includes stocks of companies with elevated levels of social media activity and short interest. READ MORE

How Much a Real-Life Vacation at the 'White Lotus' and 'Nine Perfect Strangers' Resorts Would Cost You Short answer? A lot. READ MORE

Retire With Money Community News This week in our Retire with Money Facebook group, a member shared that he bought a $10,000 I-Bond from Treasury Direct, the web site of the U.S. Treasury. It currently pays 3.54%, a very good yield in today's market. You don't have to buy as much as $10,000 — that's the maximum an individual is allowed per year. Money wrote about I-Bonds earlier this year, and a financial planner we talked to called them "an under-utilized option." Facebook members agreed. Retirement News From Around The Web Ed Asner, Award-Winning Actor Who Played Lou Grant, Dies At 91 He won five Emmys playing the boss Lou Grant on The Mary Tyler Moore Show. NPR An Estate-Planning Checklist If you've named beneficiaries for your retirement account, you've already started the process. Here's how to continue. MORNINGSTAR 'We Hire Old People' A job posting for a software developer sparks a viral conversation about ageism in tech. FAST COMPANY One Thing I Don't Plan to Do Before I Die Is Make a Bucket List "Our lives are unfinished and unfinishable," reflects a 35-year-old diagnosed with late-stage colon cancer. THE NEW YORK TIMES Elizabeth O'Brien is deputy editor at Money. She has covered retirement and health care for nearly a decade. A Brooklyn resident and mom of two boys, she navigates the alphabet soup of Medicare and the New York City subway system with equal ease. You can email her at elizabeth.obrien@money.com and follow her on Twitter at @elizobrien.

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