No more then 20%. Let's assume my home was worth $250k and I was going to retire tomorrow. That'd mean that I'd have $1mil in other assets to live off of in retirement.
But, then again, it all depends on your goals and strategies. If I had a $1million home and $250k in investments and I planned on selling my home and moving to a $250k home then what does it matter? It depends on what you want and what your strategy is.
With that in mind, I think too many people expect to live off of the equity in their homes.
|