My parents have no savings, live paycheck to paycheck, and own a home with $400k in equity - should they cash out and rent instead?

My parents have no savings, live paycheck to paycheck, and own a home with $400k in equity - should they cash out and rent instead?

There is just something wonderful about growing up, knowing that your parents worked hard and will finally get a chance to rest and relax. At least that is the plan but as is the case with many different things, the best plans don’t always happen as we want them to.  Key Points This is an unfortunate story as the Redditor’s parents are broke and want to retire. This is a challenging situation, and the Redditor is trying to avoid becoming thei…