EPISODE · Jul 4, 2023 · 25 MIN
Here's When It Makes Sense to Rent In Retirement
from Ready For Retirement · host James Conole, CFP®
Many people believe that when you're retired, you need to own your own home, ideally without a mortgage. But there are instances where renting can make more sense, not just financially but for several other reasons. In this episode, James discusses the pros and cons of owning versus renting and when it makes sense to rent instead of own.Questions answered:In what instances does it make more financial sense to rent than own?What other reasons might factor into the decision to rent?Timestamps:0:00 Intro3:33 Cost of rent rising6:00 Less control7:22 Equity9:00 First issue: tax implications11:49 Second issue: budget15:08 Lifestyle18:44 Your health19:56 Example23:20 Emotional factors24:33 OutroCreate Your Custom Strategy ⬇️Get Started Here.Join the new Root Collective HERE!
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What this episode covers
Many people believe that when you're retired, you need to own your own home, ideally without a mortgage. But there are instances where renting can make more sense, not just financially but for several other reasons. In this episode, James discusses the pros and cons of owning versus renting and when it makes sense to rent instead of own. Questions answered: In what instances does it make more financial sense to rent than own? What other reasons might factor into the decision to rent? ...
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Here's When It Makes Sense to Rent In Retirement
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