Tim Hewitt AEP®, CFP®, Vice President and financial advisor at Wealth Enhancement Group was quoted by GoBankingRates in “Can Millennials Afford To Retire If They Never Own a Home?”
"Although home ownership has been linked to the ‘American dream’ we are seeing some clients forgo home ownership in favor of renting,” he said. “There are plenty of tax benefits to homeownership, but you want to ensure that your lifestyle aligns with this goal. Conversely, there are potential negatives to consider, such as staying in one place for a longer period of time, managing or outsourcing the maintenance and repairs required with homeownership, and choosing a home that will appreciate in value based on the location and amenities."
Read the full article authored by Gabrielle Olya here.
