Renting vs. Owning in Retirement

Deciding between renting or owning a home in retirement depends on personal preferences and circumstances. Renting can provide flexibility for those who may want to explore different locations or who do not wish to handle maintenance responsibilities. Conversely, owning a home could offer stability and predictability in housing costs for those who plan to stay put for several years. It's also important to consider factors such as financial obligations, lifestyle preferences, and long-term goals when making this decision.