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This Element is an excerpt from Your Money Milestones: A Guide to Making the 9 Most Important Financial Decisions of Your Life (9780137029105) by Moshe A. Milevsky, Ph.D. Available in print and digital formats.
Why millions of people should rent, not buy--and keep renting as long as possible!
Many individuals should not own a house--or they should at least delay the purchase as long as possible. Anyone that followed this advice in the United States over the last few years, possibly the last few decades, would be much better off today. This is not just me dispensing hindsight. If you consider the spreading of resources over time, you can arrive at the same conclusion. But the reason is not as simple as you might think.
|Series:||FTPress Executive Briefs|
|Sold by:||Barnes & Noble|
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About the Author
Moshe A. Milevsky, Ph.D. is one of the most sought-after speakers in North America on issues related to investment management, retirement planning, and longevity annuities. Dr. Milevsky is the Executive Director of the Individual Finance and Insurance Decision (IFID) Centre and is an Associate Professor of Finance at York University in Toronto, Canada. He is also the CEO and President of the QWeMA Group, a software company that develops proprietary retirement income analytics. In addition to being an award-winning teacher and author, he has served as a consultant and advisor for a variety of financial services companies and pension funds. He has published six books and more than 50 peer-reviewed articles, and has been interviewed and quoted in BusinessWeek, The Wall Street Journal, Money magazine, and other leading publications.