You're ready to retire and your home is all paid off. But then you realize... you need to move!
Maybe it's because your house is simply too big or your income levels have changed and you need to downsize. Or perhaps you simply want to move into your dream vacation home and be closer to loved ones.
Whatever your reason is, you're probably considering the all-important question: Should you rent or buy a home in retirement age?
The answer isn't as clear as it might seem. There are certainly pros and cons to each choice that you should consider before making your final decision.