Owning Property While Transitioning Into Retirement Vs. Renting

Nov 8

Today we dive deep into the question of whether it makes sense to own a home as you transition into retirement. As retirement brings various life-changing decisions, the choice between owning and renting a home is a critical one. We'll present both sides of the argument, exploring the advantages and drawbacks.

Discover how owning your home can create financial opportunities, the role of real estate compared to investing in stocks, and the sense of security it can bring. On the flip side, we'll discuss the flexibility and peace of mind that renting can offer, especially during a major life transition like retirement. Consider the financial aspects, insurance costs, and emotional impact as we unravel this debate.

What You’ll Learn:

Why you may want to own a home when transitioning into retirement.
How owning your home can give you opportunities to make some money.
Why you may buy a home rather than putting money into stocks.
When renting may be a better option for you.
How renting can lead to more flexibility in retirement.

Ideas Worth Sharing:

“Retirement is a big emotional transition. So when deciding where you want to live, renting may be a better option.” - Matt Stahl
“It may not economically make sense for some people to own a home but behaviorally, if owning property helps you sleep at night, then by all means stick with that.” - Brad Gotto
“Consider running numbers and doing some thought exercises as to why renting may make more sense for your situation rather than owning a house.” - Brad Gotto