I was just reading that many people are spending more on housing now, with rising costs and interest rates, and this is causing them to put less away for retirement. Many people feel it’s a good tradeoff because they can use their home investment in retirement.

Uh… don’t bet on that.

The fact is, homes are not a good retirement investment vehicle. They’re not liquid enough, you can’t count on how much equity you’ll have, and owning your home outright is not nearly as good as having a solid retirement plan in place that covers ALL of your needs.

If you’re not sure how to plan for retirement, or how much is too much to be investing in housing each month, see a good financial planner.