Owning a home is seen as one of the greatest achievements of an adult’s life. It signifies stability while also increasing a person’s net worth, both are sought after by Americans across the U.S.
Retirees, however, might benefit from saying goodbye to their homes in favor of renting. By doing so you’ll be relieving yourself of at least four financial burdens, paying property taxes, paying for a homeowner’s insurance, mortgage, and ongoing maintenance.
Once you strip these numbers out of the equation you’ll see just how much ‘fun’ money you’ll be left with, not to mention the chunk you’ll get from selling your property.
But apart from the financial gains, the move comes with several other benefits. Here are 7 reasons you should consider renting during retirement!
For this topic, it's worth quoting Benjamin Franklin who once said: "In this world, there…
If you're about to retire, then you probably want to be sure you'll never be…
There is a research center at George Mason University called the Mercatus Center, which has…
Social Security is definitely a safety net for lots of Americans. You might not even…
We go grocery shopping throughout our whole lives, and that's a fact. Given the fact…
When it comes to retirement, things like income, taxes and retirement plans are always prioritized.…