Does Your Financial Plan Include “Retirement Insurance”?

Does your financial plan include “retirement insurance”? I’m guessing you’ve never heard of such a thing, right? The term is sometimes used to refer to Social Security or insurance products that target retirees, but that’s not what I’m referring to here. There is no insurance product called “retirement insurance”, but there is a strategy that can serve as a “retirement insurance” of sorts. When used prudently as part of a broader retirement plan, this strategy can significantly reduce the risk of draining your retirement assets faster than expected. The financial tool I have in mind is called the home equity…