Is owning or renting a home best for retirees?

Dear Chuck, My parents are retired and have a very low interest rate on a small amount of remaining mortgage. They told me they want to sell their home and rent, thinking they will save money. I am gathering information to help them. Would you suggest they rent or keep owning their home? Retired: Rent or Buy?Dear Retired: Rent or Buy?It depends. I don’t have the full financial picture of your parents, so I don’t want to give advice based on false assumptions. Let me disclose a few assumptions from your question:They are feeling financially insecure.Their home value is...