Here are three strategies house-rich baby boomers may choose to leverage the value of their homes. The question is what they will do with it—or, more importantly, what they want to do with their accumulated housing wealth.

Should homeowners insurance be the new mortgage payment for retirees? Absolutely not. Yet, that’s the reality many face today. Even worse, those without a mortgage may forego insurance altogether risking a complete and catastrophic loss of what is likely their largest asset. 

Given that each of us amounts to an upside-down bowling pin, our ability to walk, run, and recover from stumbles seems almost magical. To stay upright, our bodies must seamlessly integrate a range of physical systems—including the brain, inner ear, and nervous system.

Until they don’t. As we age, the magic wears off. We topple over, resulting in injuries like broken hips that can lead to immobility. 

But the deterioration is preventable. Seniors can recoup lost balance, and young people can shore up to slow these declines and overall aging. Here’s what to know about balance and how to boost it.

Marie was always careful with her finances, but as she got older, she recognized that much of her money was tied up in her home.

“I overheard a friend talk about how happy she was getting approved for a reverse mortgage and was intrigued,” Marie tells Money Talks News. “I hadn’t heard about reverse mortgages before, but my friend’s situation was similar to mine: widowed, with substantial home equity but limited cash flow.”

So, Marie decided to look into a reverse mortgage for herself.

Time to start your spring home safety and maintenance projects. Here are some important items to check off your to-do list:

Who was Saint Patrick & What is with all the green and all the leprechauns?

The rising cost of living has been a growing challenge for many, especially for those on a fixed income. Inflation impacts everything from groceries to medical bills, making it increasingly difficult to stretch retirement savings. If you own your home, a reverse mortgage might be the financial solution you’ve been seeking to help navigate these economic pressures.

A run-up in housing wealth has left some homeowners reluctant to sell. It can be said that older Americans are a good barometer of the recent shift in the U.S. economy. They’re retiring with fewer assets, struggling with inflation, and living much longer.  But that’s not all. More Americans are retiring with fewer assets, les cash flow, and more debt. Here’s the dirty little secret why many older Americans are carrying debt into retirement.

On this Valentine’s Day, I want to take a moment to remind you just how special you are. This day isn’t just about roses and chocolates—it’s about love in all its beautiful forms, including the love we show ourselves.

America is facing a housing affordability crisis that’s sidelining countless would-be homebuyers. But there’s another affordability crisis—one that threatens millions of older Americans with the loss of their homes, even if they’re fully paid off. This is truly tragic!  

Due to a lack of retirement savings, high interest rates, and stubborn inflation, the wheels have fallen off the proverbial retirement wagon. But all hope isn’t lost for those fortunate enough to own their home

These unexpected expenses can derail your retirement. Here's how to get ahead of them.

There are 5 different types of friendships, and we need all of them: Contact Friends, Common Friends, Confirmed Friends, Community Friends, and Committed Friends. Make a New Friend in only 200 Hours!

The data is in and reveals that Increasingly older Americans are struggling to cover their housing expenses as the cost of everyday goods and services is 20% higher than it was in 2019. While the pace of inflation has slowed the new cost of living is further eroding the ability of older adults to age in place.

No generation has shaped the modern housing market more than baby boomers. Now their reign is coming to an end, and Gen Z is coming for the crown.

3 Reverse Mortgage Strategies Available to homeowners 62+ to take advantage of today.Put Your Hard Earned Home Equity to Work. At CDC Solutions, we help unlock the power of your home to enjoy retirement on your terms with family, friends, and the things you cherish most in life.

As we grow older, our housing needs and preferences often change/evolve. The family home that once fulfilled all our needs and still holds a lifetime of memories may begin to feel impractical or burdensome as our family sizes and physical needs change. This is where downsizing, “rightsizing,” or even a move to a more advantageous location is often the best alternative for many homeowners.

The Purchase Reverse Mortgage program was designed to allow seniors to purchase a new principal residence and obtain a reverse mortgage within a single transaction by eliminating the need for a second closing. The program was also designed to enable senior homeowners to relocate to other geographical areas to be closer to family members or downsize to homes that meet their physical needs, i.e., handrails, one-level properties, ramps, wider doorways, etc.

Yes, I’m talking about the guru of all things fried and fowl who created the restaurant chain Kentucky Fried Chicken (or KFC YUM, 0.90%, as it’s simply known today). You might imagine that the good Colonel had built his fast-food empire over decades to turn it into the powerhouse it became. But the story is quite different.

"At the end of life, what really matters is not what we bought, but what we built. Not what we got, but what we shared. Not our competence, but our character. Not our success, but our significance. Live a life that matters. Live a life of love." ––Unknown