If you own a home, chances are your net worth has shot up in the last year. According to a new report, skyrocketing home prices caused by a pandemic-fueled real estate frenzy have led to a scenario where homeowners in the U.S. are sitting on a record $22.7 trillion worth of home equity (2021 Home Equity Report, Real Estate Equity Exchange, Inc.). Seeing the estimated value of your home increase on real estate sites can be exciting, especially if you’re counting on that money to one day help fund your lifestyle in retirement. But it’s important to remember that real estate is a more complicated asset than cash. Keep these factors in mind as you consider how the value of your home may be used to bankroll your retirement.Keeping these factors in mind, it’s important to maintain a proper perspective about the value of your home in the context of your overall financial picture. Be careful not to overestimate a home’s contribution to your retirement security based on its current valuation, because those numbers can change. Even as your home is appreciating in value, remain diligent about saving for retirement in other ways, such as through a workplace savings plan or an IRA. Talk with a financial advisor about your plans for retirement and your home’s potential value in your overall portfolio. A qualified financial advisor can recommend strategies for generating income in retirement and provide guidance on how to build equity regardless of your home’s value. Then, any funds you generate from your home will be an added retirement bonus. Ellie Tobin Stubbs is a Financial Advisor with Ameriprise Financial Services, Inc., in Barre, Vermont. She specializes in fee-based financial planning and asset management strategies and has been in practice for 19 years. To contact her, ameripriseadvisors.com/ellie.stubbs. 802-622-8060. 14 North Main Street, Suite 2001, Barre, VT 05641. This article is distributed by Ameriprise Financial Services, LLC., a registered investment adviser. © 2021 Ameriprise.