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Renting is a better fit than owning for many retirees. Here’s how it can pay off nicely for some. Perfect Wave / Shutterstock.com
Owning a home is a great way to build wealth over time, but some retirees find that becoming renters better suits their lifestyle and bank account. Homeownership carries many financial responsibilities. In addition to paying off a mortgage, you have to maintain homeowners insurance, pay property taxes and budget for ongoing maintenance. Renting relieves you of those burdens. Your only concern is…
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