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.

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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

The complexion of the Reverse Mortgage industry has changed dramatically over the years. The FHA-Insured Reverse Mortgage is no longer considered a rescue device. Our typical borrower today is in their early 60’s, has excellent credit and upper level income. Discover the Benefits of a Reverse Mortgage today:

Interest rates are beginning to sneak back down AND last weeks exciting HUD announcement, "INCREASING THE HECM LOAN LIMIT”, will certainly make for new opportunities!. In addition, if you or someone you know applied for a reverse mortgage last year, the actual numbers may have not been favorable. The changes announced will undoubtedly bring about new benefits and would be worth your time to take a quick look.

While many working Americans live paycheck to paycheck, seniors understand the value of saving. But inflation is chipping away at their nest eggs, a concerning trend as savings rates mirror the lows before the 2008 Financial Crisis.

My wish for YOU, amidst all of the uncertainly, is that you will be able to find “JOY" this Christmas season!

Warmest wishes for a joyful season! May your days be filled with laughter and cheer.

Merry Christmas and a Happy New Year,

Cultural travel adventures offer a unique opportunity to immerse oneself in art, history, and heritage, gaining a deeper understanding of different cultures and civilizations. In this article, we will delve into the joys of cultural travel and how seniors can embark on enriching journeys that leave a lasting impact.

Discover the joy of cooking with these 12 senior-friendly cooking tips to make mealtime a delightful and healthful experience. Cooking and preparing meals can be a source of joy and creativity, especially for seniors. Embracing a healthy aging lifestyle involves nourishing the body with nutritious and delicious meals that promote overall well-being.

Each year, on November 11, we as a nation take a moment to honor the millions of service members who have served in our Armed Forces.
Too often, the stories of our veterans and the lengths to which they went to defend our country are forgotten. In honor of this Veterans Day, here are four stories of veterans’ experiences of their time in the military.

With Americans more likely to not qualify for a traditional mortgage loan, how many older Americans in this cohort would potentially qualify for a Home Equity Conversion Mortgage?
The answer to that pivotal question may be found in an academic study authored by Christopher Mayer, and Stephanie Moulton, entitled The Market or Reverse Mortgages among Older Americans.

In the digital age, technology has become an indispensable tool for seniors, offering a wealth of resources to enhance their quality of life. Among the many benefits technology brings to senior living, the ability to navigate online health resources and access telemedicine services stands out as a game-changer.

It then should come as no surprise that the majority of Americans are essentially broke. Not merely because of a lack of planning or savings but because of the spiraling costs of our day-to-day necessities such as insurance, prescription medication co-pays, or a mortgage payment.