Everyone knows a 401k or a Registered Retirement Savings Plan is a qualified plan, but a home with equity, even if it is paid off, is a qualified plan too.
The reason your home with equity is a qualified plan is that you have to qualify to get to this money.
Even if it’s paid off and appreciated, you will have to qualify for a home equity loan or you have to sell your house to get to that capital, and it may be a good time or a bad time if interest rates are high.
Then if you are going to retire or you are already retired, you need to think through how you can access that capital.
Hopefully, that little play on words helps you to show them even if you do have some equity, you can’t get to it without qualification.
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