Are you approaching retirement and wondering if you should own or rent your home? With rising housing costs and financial uncertainty, making the right decision could impact your retirement lifestyle for decades! In this video, Tom breaks down the real costs of renting vs. buying, explores the financial risks of not owning a home, and discusses why many retirees are moving out of state—whether to save money, be closer to family, or improve their lifestyle. We also take a deep dive into reverse mortgages, weighing the pros and cons of this financial strategy. Before you make a decision that could impact your retirement for years to come, watch this video.
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TIMESTAMPS00:00 Renting vs. Buying/Owning a Home in Retirement00:26 To own or not own 01:24 The current costs of renting vs. buying02:43 Consequences of not owning a home03:30 Living out of state: the pursuit of saving money05:15 Living out of state: costs & benefits of following family 09:35 Reverse mortgages13:16 Here are the different people who can provide you advice
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Learn the key components you need to include in your retirement plan, check this video out: https://youtu.be/QkJzvbZ_gDs
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