The classic version of the American dream has all sorts of subtexts and assumptions built into it. For example, we should all want to own a home -- because paying into somebody else’s equity is for chumps. And for true financial security, we should aim to have that home’s mortgage paid off by the time we retire, so that we’re basically living rent-free in our golden years. Sounds smart, except those assumptions aren’t always correct.

To cut through the mist around this myth, and others, Motley Fool Answers hosts Alison Southwick and Robert Brokamp brought in personal finance writer Maurie Backman. In this segment of the podcast, she runs through some reasons why many of us would be well advised to become renters in retirement.
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