8 Statistics That Prove Baby Boomers Are a Big Deal
If you ever wonder why the baby boomer segment (those born from 1946 to 1964) is of such interest to marketers of active adult communities, consider some of the following eight statistics. You'll soon see that baby boomers have a lot of pull in today's market.
The Five Stages of Retirement
As people approach retirement age (and that means a lot of different things to different people), there are five distinct stages they go through, according to a new study. Depending on where you are in the homebuying process, you might be in one of them.
When it Comes to Retirement Savings, There's Never a Bad Time to Start
Fox News posted an interesting article today on the depressing outlook regarding the retirement savings plans for many Americans. The article illustrates how many Americans will be caught off guard in retirement by the increase in costs and their lack of retirement savings to offset those costs.
Should You Buy New Homes or Resale Homes in Retirement?
In retirement, there are many advantages to buying a new home but there are also good reasons to buy a resale home. Consider these options to find out what's best for each active adult. Making the right decision will keep you happier in your home for much longer.
Reverse Mortgages: Are They Right for You?
A reverse mortgage allows homeowners aged 62+ to convert the equity in their home into tax-free income without having to give up the title or sell their home. But is it right for you? We discuss the pros and cons here.
Baby Boomers Are Planning 'Retirement Careers'
Why move to a retirement community if you're not retired? Simply put, retirement communities are no longer just for retirees, that's why. Retirement careers are now something many active adults have to consider. Find out more about the notion here.
Are Reverse Mortgages a Good Idea?
Reverse mortgages have come under scrutiny as their popularity grows. From 2005 to 2006, the number of reverse mortgages increased by nearly 76 percent from 48,493 to 85,639. Experts say this number could likely continue to rise as Americans look for new ways to finance longer life expectancy after retirement.
6 Chicago Retirement Communities with Homes for Under $200K
As the average price for a home in the Chicago area approaches $300,000, it may seem like the idea of finding a great retirement home for under $200,000 is next to impossible. However, you may be surprised to learn that there are a number of great housing options for budget-conscious individuals.
55+ Community Housing Trends to Know
There are some definite housing trends the real estate market is seeing when it comes to the preferences of empty nesters, baby boomers, retirees and those ages 55+. Four key trends are emerging. Read on to see what they are and what you can learn.
For Retirees, is 60 Really the New 40?
"60 is the new 40." It's a phrase we hear more often these days. This is due to the fact that many of today's baby boomers are making the choice to be active as they grow older. This new generation of boomers is redefining what it means to "retire."