You’ve reached retirement, now it’s time to settle into the life of relaxation you deserve — but is renting or owning better when deciding on your retirement destination?

As mentioned by Rodney Brooks of US News, there are many considerations to make. It really comes down to a retiree’s lifestyle and goals for this period of their life.

Renting can be best for those who love to travel and make multiple moves. Though renters may see rising rent costs, these can be less than the interest and other fees associated with owning.

While some people may like the idea of owning their home in retirement, others downsize in their later years. This can make a smaller rental more suitable than a house big enough for a whole family. Do you prefer renting or owning as a retiree?

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