4 Ways to Slash Your Housing Costs in Retirement
Retirement brings an end to work for a lot of seniors, but expenses last a lifetime, and housing is most people's biggest monthly expense.
A lucky few may have paid off mortgages by retirement so they only have to be concerned with property taxes, maintenance, insurance, and utilities. Others have all of that plus a monthly mortgage payment that could cost thousands of dollars. Some people wind up renting, giving them flexibility as to where they live and taking maintenance costs and property taxes off their plates in exchange for continued rent payments.
There's no clear best approach when it comes to reducing retirement housing expenses, though doing so could make your retirement much more comfortable. Here are four options for you to weigh.
Source Fool.com
