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Buying a home is generally less risky than renting in retirement, since the cost of rent can be more volatile than home ownership. But it’s not without risk, especially if you don’t have the ...
Jean said her husband prefers to move to a “friendlier senior state” and buy a home, while she prefers downsizing to a “luxury senior community apartment.” Here’s the advice Orman doled ...
The question of whether to rent vs. buy after relocating isn't so simple, because there may be a different answer in the short term vs. the long term. The short-term answer is that it makes good ...
This can be much cheaper than moving to a retirement home. Living in an independent living community can cost from $1,500 to $4,000 a month, and seniors residing in assisted living facilities have ...
If you're getting close to retirement, figuring out your living situation can be a big decision. Should you buy a house before retiring? Or should you continue saving with the intention of renting...
Average monthly rent: $1,483. Homeowner monthly cost of living: $3,368. Renter monthly cost of living: $3,389. Cheaper option: Buying. Buying a home is only slightly more affordable than renting ...
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