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Downsizing in Retirement, Is It Better to Rent or to Own?

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Where you live in retirement, in contrast to your working years, is not determined by where your office is located or by what schools you want your children to attend. This flexibility is one reason why two-thirds of retirees surveyed in August 2014 by Merrill Lynch in partnership with Age Wave, a firm that studies the implications of population aging, said they had already moved or were likely to move at least once during retirement.