In the News

Title

Retirees Are Opting to Rent Homes Likes Millennials

Document Type

Article

Publication Date

4-27-2016

Abstract

A larger number of retirees are opting to forgo homeownership and instead prefer renting to give themselves additional mobility and disposable income.

Renting has emerged as a viable option, because it allows retirees to have more money to fund other retirement expenses, said Robert Johnson, president of the American College of Financial Services in Bryn Mawr, Pa.