Episode 148: "Renting vs. Buying/Owning a Home in Retirement"

Are you approaching retirement and wondering if you should own or rent your home? With rising housing costs and financial uncertainty, making the right decision could impact your retirement lifestyle for decades! In this video, Tom breaks down the real costs of renting vs. buying, explores the financial risks of not owning a home, and discusses why many retirees are moving out of state—whether to save money, be closer to family, or improve their lifestyle. We also take a deep dive into reverse mortgages, weighing the pros and cons of this financial strategy. Before you make a decision that could impact your retirement for years to come, watch this video.🔔 Subscribe for more retirement planning tips! #rentingorowninginretirement #RetirementPlanning #FinancialFreedomJump to a segment using the 𝘁𝗶𝗺𝗲𝘀𝘁𝗮𝗺𝗽𝘀 𝗯𝗲𝗹𝗼𝘄! 👇TIMESTAMPS00:00 Renting vs. Buying/Owning a Home in Retirement00:26 To own or not own 01:24 The current costs of renting vs. buying02:43 Consequences of not owning a home03:30 Living out of state: the pursuit of saving money05:15 Living out of state: costs & benefits of following family 09:35 Reverse mortgages13:16 Here are the different people who can provide you adviceHave specific questions for Tom and the team at Mosley Wealth Management? Contact us here https://mosleywealthmanagement.com/contact/ ==============================================If you enjoy this content, please 𝐒𝐔𝐁𝐒𝐂𝐑𝐈𝐁𝐄! https://www.youtube.com/channel/UCPMvD3G1cZA1Kz4CKnwynhA?sub_confirmation=1============================================== ⭐ 𝐂𝐎𝐍𝐍𝐄𝐂𝐓 𝐖𝐈𝐓𝐇 𝐔𝐒 𝐎𝐍 𝐒𝐎𝐂𝐈𝐀𝐋 𝐌𝐄𝐃𝐈𝐀⭐ - Facebook: https://www.facebook.com/mosleyeaseintoretirement- Instagram: https://www.instagram.com/easeintoretirement/- LinkedIn: https://www.linkedin.com/company/mosley-wealth-managementLearn the key components you need to include in your retirement plan, check this video out: https://youtu.be/QkJzvbZ_gDs#ReverseMortages#Buyingahomeinretirement#RetirementMoney#Planningforretirement#RetirementIncome#RetirementPlanning#RetirementStrategy#FinancialEducation#FinancialLiteracy#HowToRetireEarly#RetirementPlanningAt50#RetirementPlanningAt60#HowMuchDoINeedToRetire#HowToRetireEarly#RetirementPlanningTips#FinancialAdvisor#SocialSecurityDISCLOSURE: Investment advisory services offered by duly registered individuals through Mosley Wealth Management, Inc. (“MWM”). MWM and Mosley Insurance and Financial Services are affiliated companies by common ownership. License # 0K76766. Investing involves risk, including the potential loss of principal. Any references to protection, safety, or lifetime income, generally referred to fixed insurance products, never securities or investments. Insurance guarantees are backed by the financial strength claims paying abilities of the issuing carrier. This content is intended for informational & educational purposes only. It is not intended to be used as the sole basis for financial decisions nor should it be construed as advice designed to meet the needs of an individual situation. All hypothetical examples are provided for illustrative purposes only; they do not represent real life scenarios. Mosley Insurance & Financial Services nor its agents or representatives may not give tax or legal advice. Individuals should consult with a qualified professional for guidance before making any investment decisions. Our firm is not affiliated with or endorsed by the US government or any governmental agency. Some of the information provided may be from one or more third parties which we believe to be reliable sources, but accuracy and completeness cannot be guaranteed by Mosley Insurance & Financial Services.For more information go to: www.mosleywealthmanagement.com