Retirement News with Professor Craig

Retirement News with Professor Craig

The Retirement News blog is dedicated to the financial and physical health and well-being of older Americans. 
Whether you're already in or nearing retirement, you will find important, topical information in the blog to help you make informed decisions on your road to retiring more freely.
As a 25-year veteran in the financial services industry and a certified trainer and teacher, Professor Craig's #1 goal is to help you thrive in retirement with financial peace of mind. 

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Eliminating Home Safety Risks During National Bath Safety Month
Healthy Living, Retirement Tips

Eliminating Home Safety Risks During National Bath Safety Month

Did you know that the bathtub can be one of the most dangerous spaces in your home? More than 230,000 people visit emergency rooms each year due to bathroom-related mishaps, according to the Centers for Disease Control. And nearly 14% of them are hospitalized for their injuries.

January is National Bath Safety Month, and it’s a great time to learn more about what you can do to take precautions and avoid potentially serious injuries:  

Install accommodating equipment. We all lose mobility as we age, and a slippery tub or shower stall is no place to lose your balance. Consider making simple modifications, like installing a shower chair for stability and comfort, or swapping out a fixed shower head for an adjustable one. Don’t rely on towel racks or a sliding glass door to prevent falls. Consider wall-mounted grab bars inside and out of the shower and tub as a smart safety addition.

Be wary of water temperature. Shower and bath water temperatures should be just a degree or two higher than your body temperature. Check the gauge on your hot water heater and make sure it’s not set to a potentially scalding temperature.

Invest in non-slip bath mats and rugs. Non-slip mats are essential for both inside and outside the tub. Thicker options may also provide extra padding in the event of a slip or fall.

Switch to showers. While soaking in a tub may be a comfortable ritual for many people, it also creates a bigger risk for accidental injury. It may be time to nix the idea of baths altogether and stick to taking showers.

Renovate. A bathroom renovation may be the best solution for long-term safety. You can replace your standard tub with a walk-in-tub or a barrier-free shower for an easier entrance and exit. While you’re at it, add a built-in bench or seat to increase comfort and usability. You may also want to invest in a “comfort height” toilet and vanity to eliminate unnecessary bending.

The price of home safety & security

As you and your family members get older, home safety may become more of a priority — but renovations to remove hazards and increase usability can carry sizeable price tags.

That’s where a financial tool like a reverse mortgage can come in handy. Specifically designed for homeowners age 62+, a reverse mortgage offers similar benefits of a traditional line of credit that you can get from a bank but with additional advantages — including a flexible repayment feature*.

Whether you need cash for renovations or want to relocate to a new home that’s more suitable for your family’s needs, a reverse mortgage lets you borrow against your home equity to receive a lump-sum payment, a monthly payment or a line of credit to use when and how you need it, all while retaining ownership of your home*.  

If you’re 62 or older, reach out to Reverse Mortgage Funding at 888-277-1567 to see if a reverse mortgage loan fits your needs. We’ll connect you with a local, experienced loan specialist who’ll sit down one-on-one to review the reverse mortgage loan process and answer your questions.

This content is sponsored by RMF, one of the nation’s leading reverse mortgage lenders. We are dedicated to helping older Americans retire more freely, in the comfort of their own homes. As a result of our commitment to providing an extraordinary and positive customer experience, we have earned a 98% customer satisfaction rating; a 5-star / Excellent score on Trustpilot; 4.8 out of 5 stars on LendingTree; and an A+ rating with the Better Business Bureau. Call 888-277-1567 to speak with a licensed reverse mortgage specialist to learn about our retirement financing products and solutions.


If you have equity in your home and believe you meet the eligibility requirements, a HECM may be the option that could help you retire smart.

Check Eligibility

*As with any mortgage, borrower must meet their loan obligations, keeping current with property taxes, insurance, and maintenance.

Borrowers who elect a fixed rate loan will receive a single disbursement lump sum payment. Other payment options are available only for adjustable rate mortgages.



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A More Flexible Home Equity Loan

If you’re 62 or older, there is a home equity line of credit option that offers greater financial flexibility than a traditional Home Equity Line of Credit (HELOC). It’s called a Home Equity Conversion Mortgage (HECM) line of credit. 
If you have an existing mortgage or home equity loan you could refinance them with a HECM line of credit and get enhanced benefits, including a flexible payment feature and a line of credit that GROWS when left untouched.
As with any mortgage, you must meet your loan obligations, keeping current with property taxes, insurance, and keeping your home in good condition.

Equity Elite Reverse Mortgage

Put Your Home Equity to Work for You

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By clicking "CALCULATE", you are providing your signature and express "written" consent to be contacted by or behalf of Reverse Mortgage Funding LLC, its affiliates and/or its agents (collectively Company) at the telephone, email or mailing address that you have provided for purposes of fulfilling this inquiry about reverse mortgages and/or the Company's products or services, even if you have previously registered on a "do not call" government registry or requested Company to not send marketing information to you by email and/or direct mail. You agree that the Company may use automatic telephone dialing systems and prerecorded voice messaging in connection with calls or texts made to the telephone number you provide even if the telephone number is assigned to a cellular or mobile telephone service or other service for which the called party is charged and are representing that you are the regular user of provided number. You understand that you are not required to consent to receiving autodialed calls or texts as a condition of any reverse mortgage and/or purchasing any Company products or services. If you do not wish to authorize Company to contact you in this manner, you can call 888-277-1567 to complete your request. You understand that you can revoke this consent at any time.

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