7 Reasons You Should Rent a Home in Retirement

1. Gain access to your home equity

senior elder Indian asian business woman money saving
By espies / Shutterstock.com

It often makes sense to sell a home so you can use the proceeds to create a better life in retirement. If there are things you’ve always wanted to do but haven’t, now is the time to do them.

Some people worry that selling their home would leave them with less wealth to pass on to heirs. However, adult children often support their parents’ decision to tap into home equity to make their retirement more comfortable.

So, talk to the kids and consider “7 Unexpected Benefits of Downsizing in Retirement.”

Popular Articles

Never Use a Debit Card to Buy These 9 Things
Never Use a Debit Card to Buy These 9 Things

Use your debit card for one of these expenses, and you could risk your bank account balance, your credit score or even identity fraud.

Why Your Cable TV Package Is More Expensive Than Ever
Why Your Cable TV Package Is More Expensive Than Ever

Due to this trend, Americans who still maintain pay-TV service are paying through the nose.

16 of the Most Outrageously Overpriced Products
16 of the Most Outrageously Overpriced Products

Retailers mark up products by hundreds of times their cost — but you don’t have to pay the premium.

View this page without ads

Help us produce more money-saving articles and videos by subscribing to a membership.

Get Started

Comments