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Renting versus buying for retirees in 1973
A Minneapolis widow asks how to estimate rent against assets. With $195 monthly Social Security, $21,000 in certificates, and $25,000 from selling a fully paid home, she weighs renting at about $175 monthly. Advisor suggests selling, renting, and redirecting savings to investments, noting risks and benefits like reduced upkeep, safety, and predictable costs.
MENTIONED IN THIS ARTICLE
Minneapolis, Minn
Minneapolis
St. Clair Shores
Mich