Senior Renters Are On the Rise, But Is Forgoing a Mortgage Always Wise?

Although renting an apartment is seen as a young person’s rite of passage, recent data reveals that it’s actually our nation’s oldest residents who are embracing the rental market. In an effort to downsize and to get rid of the financial burden associated with regular mortgage payments, many senior citizens are opting to rent instead of own. But is it always a smart decision?

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Don’t Let A Late In Life Divorce Ruin Your Retirement Plans

When you say “I do,” the premise is that you’re making a lifetime commitment to your spouse. But in some cases, happily ever after doesn’t last quite as long as you’d hoped. Sadly, anywhere from 40-50% of marriages in the U.S. end in divorce. Even more startling is the fact that Baby Boomers are getting divorced at record rates. In fact, the divorce rate among those aged 50 and older has doubled since the 1990s. But if you get divorced when you’re older, you’ll have more to worry about than custody battles and co-parenting.

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