If you?re retired (or approaching retirement age) and you?re considering moving, you might be weighing the pros and cons of buying vs. renting a new home. A variety of factors can influence the decision to rent or buy; including your budget, the location you?re moving to, your lifestyle, and your personal preferences.
As we get older, we see that we?re not as strong or flexible as we used to be. Sometimes our homes don?t have room for the wheelchairs and walkers that become necessary in older age.?For these reasons, it?s common for aging individuals to move into retirement communities. Many of us, however, want to continue to live in our own homes as we age.
A majority of Americans say their dream is to travel when they retire. However, if you?re a retiree living on a fixed budget, travel can be costly and unattainable for some. But just because you?re living on a fixed income, it doesn?t mean that you have to forgo your dreams of seeing the world and completing your bucket list.
Ready to retire, but worried that you’ll get bored with all the time in the world and nothing to do? Anyone who’s spent most of their life working would have the same concerns. After you’ve explored all of your options, such as refinancing your home, it’s time to have an adventure?travel the world!