Can you afford to rent in retirement?

When you’re planning your retirement, one of the key decisions you’ll need to make is what your residential status will be: especially, will you live in your own home throughout your golden years, or spend your retirement renting?The latter is not a cheap option. Renting in retirement will now cost an average of £419,000 as rents are expected to more than double in the next 20 years, according to new research from retirement specialist Standard Life.While data from the Office f