3 Reasons Why Renting Can Be Smarter Than Owning a Home in Retirement
If you’re nearing retirement, it’s likely that renting is a distant memory. But if your retirement plan includes making a move, renting might be a sweeter financial and lifestyle fit.
Among households with someone at least 65 years old, 8 in 10 are homeowners, according to Harvard’s Joint Center for Housing Studies. Yet retirement sometimes calls for flexibility, whether that’s the ability to downsize in your current location, relocate to be closer to the kids and grandkids, or chase better weather and/or a lower cost of living in another state. And these moves become harder if they necessitate putting your home on the market.
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