Our daily roundup of retirement news your clients may be thinking about.

Rent or buy? Tips for retired house-hunters
While conventional wisdom says that buying a home is generally better than renting, some retirees may find the opposite is true in their situations. It is true that purchasing a home is about 35% cheaper than renting nationally for households with a 30-year, fixed-rate mortgage who move every seven years and can afford a 20% down payment, according to a this article. However, the caveat is that much of those benefits come from the accumulation of equity through long-term ownership, according to an expert. If retirees plan shorter stays, or have no heirs to pass on that equity, they may actually be better off renting, he adds. Plus, owning a home means spending money that retirees could use for recreation and travel, while renting offers perks such as flexibility to move. The Wall Street Journal

Image: Bloomberg
Image: Bloomberg

Millions of Americans regret not saving earlier. Don't let it happen to your clients
A survey by Bankrate found that a majority of Americans have financial regrets, with many of them saying their biggest regret is not saving early for retirement, according to this article on Yahoo Finance. While there are many reasons to put retirement savings on the back burner, clients should still give it a priority, says a professor. “If you’re young and not saving for your retirement, it’s like walking past a $500 bill on the sidewalk – time is on your side, and you’re not taking advantage of what comes free to you." Yahoo Finance

Could annuities be more valuable when rates are low?
Clients will continue to gain from their annuities even in a zero interest rate evironment, writes an expert. The gains also will remain substantial even if the provider gets 15% of the fair annuity value, she explains. "The gains arise because insurance companies pool experience and use assets from deceased annuitants to pay those who survive – producing a 'mortality premium.'" MarketWatch

Here's how clients can make more money in retirement
Retirees who want to earn more income may consider accepting a part-time job, according to the personal finance website Motley Fool. They may also sell some of their personal items they don't need, or donate them to charity to get a tax deduction. Renting out a property is another option to make money, while getting cash-back or rewards credit cards could also help retirees earn more dollars. Motley Fool

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