What’s Best in Retirement: Owning or Renting?

To transfer the deed or keep the deed? That is the question. And it tends to come up when retirement age approaches.

This phase of life often involves downsizing — to lower the household tax, insurance, and maintenance costs.

Paying off the home mortgage can net longtime owners enough to unlock some great options. Rent a nice space at a 55+ apartment property? Downsize? Explore life-plan properties? Or just stay home?

Let’s sort out some basic issues and questions related to each of these alternatives. 

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