Abstract

Covid-19 affected all aspects of life from health to the economy, housing, remote working and work-life balance. We investigate the impact of Covid-19 on using home equity to fund retirement income. We show that financial planners believe that Covid-19 positively influenced their clients’ willingness to utilize home equity products to fund retirement income, in particular, sell and downsize and HELOC options. Covid-19 had a significant impact (positive and negative) on retirement income, retirement planning and living standard. Further, financial planners experienced an increase in meeting frequency with clients.

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