The Role of Your Home in Retirement

Sale and Leaseback of Your Home

Another way to use your home for retirement is a sale and leaseback arrangement. Under this arrangement, you sell your home and transfer title to the buyer. You continue to live in the home and pay a monthly rental to the new owner. This enables you to get cash out of your home and still live in your home.

IMPORTANT NOTE: Both a sale/leaseback and reverse mortgage should be approached with caution. Consult with a trusted independent professional, such as your accountant or attorney, before undertaking these techniques. Neither of these options should be your first choice in funding retirement.

IMPORTANT NOTE: Since title to your home transfers under a sale/leaseback arrangement, all future appreciation of the home belongs to the new owner.

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*Non-deposit investment products and services are offered through CUSO Financial Services, L.P. ("CFS"), a Registered Broker-dealer (Member FINRA/SIPC) and SEC-registered Investment Advisor. Products offered through CFS: are not NCUA/NCUSIF or otherwise federally insured, are not guarantees or obligations of the credit union, and may involve investment risk including possible loss of principal. Investment Representatives are registered through CFS. General Electric Credit Union has contracted with CFS to make non-deposit investment products and services available to credit union members.