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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Health Screenings: The Secret to a Longer Life?
Retirement News, Healthy Living

Health Screenings: The Secret to a Longer Life?

September is an opportune time to focus on your health and wellness. Not only is it Healthy Aging Month, it’s also Ovarian Cancer Awareness Month, Prostate Cancer Awareness Month and National Cholesterol Education Month — three health risks that can increase with age.

Preventive care may be one of your best defenses in mitigating illness and disease. And by making routine health screenings a priority, you can enjoy more years with the people you love.

Know the numbers

If you’ve been skipping yearly check-ins with your doctor, consider the following facts:

  • Nearly 13,000 women will die from ovarian cancer this year. But when detected at its earliest stage, the five-year survival rate is more than 93%.
  • One in seven men will be diagnosed with prostate cancer during his lifetime — the average age of diagnosis around 66. While it’s a serious disease, it’s treatable and highly curable when caught early.
  • About 38% of American adults have high cholesterol, increasing the risk for heart disease and stroke — two leading causes of death in the United States. The only way to know whether you have high cholesterol is to get it checked.

A proactive approach to improve health outcomes

Preventive care includes tests and screenings for these ailments and more — before they have a chance to worsen and spread. Being proactive is also a means to:

  1. Take charge of your body. Knowledge is power. For example, if you don’t know you have high cholesterol, you can’t take steps to lower it.
  2. Increase your chance of survival. Underlying medical conditions may go undetected during regular physical exams. With preventive care screenings, they can be caught and treated at the earliest stages, boosting your chances to live a longer life.
  3. Save money. Older Americans are paying massive out-of-pocket health costs, despite Medicare coverage. In fact, uncovered expenses will consume 52% of the average Social Security check by 2030. While you can’t control every factor that impacts your health, taking preventive measures may help alleviate the financial burden of a long-term illness.
  4. Extend your life. According to the CDC, if everyone in the U.S. received recommended clinical preventive care, over 100,000 lives would be saved each year.

Enjoying good physical health can help you live longer — and that means you also need a plan for financial wellness in retirement. 

Creating a brighter future

Healthy finances are essential to sustaining a comfortable retirement lifestyle. If you’re an older homeowner, consider the benefits of a reverse mortgage loan. This exclusive financial tool from Reverse Mortgage Funding, LLC (RMF) can help you leverage the equity you’ve built up in your home, all while still living in it and retaining ownership. As a borrower, you may access the funds as a lump sum, monthly payments or a line of credit to use at your discretion — to supplement your income, save for a rainy day, take a vacation or cover retirement healthcare costs.

We’re happy to discuss your options and get your questions answered. Call RMF today at (888) 277-1567 to schedule a local appointment with one of our loan specialists.

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 4.5-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.

As with any mortgage, you must meet your loan obligations, keeping current with property taxes, insurance and keeping your home in good condition.

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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.


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