Renting in Retirement
Callum Sutherland - Jun 24, 2021
We even have a burgeoning home-equity loan industry to help the home-rich but cash-poor stay in their houses after retiring. But as Paul Brent reports, home ownership doesn’t always make sense for retirees.
A very common question that I get is "should I rent in retirement or stay in my home?" I hear many people say that the value of their home is a part of their retirement plan. There's often a missing step in the plan, and that's how to access the equity in your home without moving.
Here's an article that takes the perspective that renting may be a better option for some people. Remember, this is not a "one-size-fits-all" solution. Seek professional advice before making a decision. Read more.