Here's When It Makes Sense to Rent In Retirement

Many people believe that when you're retired, you need to own your own home, ideally without a mortgage. But there are instances where renting can make more sense, not just financially but for several other reasons. In this episode, James discusses the pros and cons of owning versus renting and when it makes sense to rent instead of own. Questions answered: In what instances does it make more financial sense to rent than own? What other reasons might factor into the decision to rent? ================================ Learn the tips & strategies to get the most out of life with your money. Get started today → https://www.rootfinancialpartners.com/ Subscribe to be notified for future videos:    / @rootfp   Join Community → https://root-collective-58ba64.circle... _ _ For more resources and content, check us out below! 🔔 Subscribe to our channel to learn more about all things portfolio management    / @rootfp   🎧 Listen to our podcast http://readyforretirement.co/ 🧑‍💻 Visit our website https://www.rootfinancialpartners.com to learn more about us 👥 Connect with us on Facebook   / rootfinancialpartners   📷 Connect with us on Instagram   / rootfinancialpartners   🔗 Follow us on LinkedIn   / 18347030   _ _ ⏱Timestamps:⏱ 0:00 Intro 3:33 Cost of rent rising 6:00 Less control 7:22 Equity 9:00 First issue: tax implications 11:49 Second issue: budget 15:08 Lifestyle 18:44 Your health 19:56 Example 23:20 Emotional factors 24:33 Outro Other videos we think you'll like: About Root:    • Financial advisors with heart.   Worried about retirement? Start here:    • Worried About Retirement..Start With a Bla...