Mara Cruwys

this is a question that only you can answer. if this is the only money you have, keeping the money in the bank would give you flexibility in case you decided to move elsewhere or were forced through unfortunate circumstances to have to move elsewhere. at this point in your lives do you really want to be responsible for the upkeep and maintenance of a house never mind the unexpected costs?
there is possibly another solution which would be to buy a home and take out a reverse mortgage which would give you either a line of credit, a monthly annuity until death or a monthly income for a fixed number of years. this is especially attractive if you are not concerned with leaving anyone anything substantial when you pass(which will hopefully be many, many,many years from now!)
good luck - Sat Apr 11 2009, 12:10