The current economic downturn has been hard on people thinking about starting over.
Job losses have hit people over 40 particularly hard. Some of us have had to tap into savings because of extended unemployment. All of us have seen our retirement portfolios shrink to the point we can barely see them without our reading glasses. And let’s not even talk about the value of our homes.
Actually, I’d like to reconsider that. Maybe we should talk about the value of our homes.
For many of us, our homes represent our single most important investment. Year after year, we’ve sent in our monthly mortgage payments and paid those crazy property tax bills, comfortable in the knowledge that we were building equity and a nice little nest egg.
Whoops.
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