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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New Year, New Retirement-ready YOU!
Retirement News, Retirement Tips

New Year, New Retirement-ready YOU!

It’s a New Year! And It’s Time to Get Your Retirement Finances on Track!

Each new year presents a new opportunity for a fresh perspective. Whether you’re approaching retirement, or your post-working chapter has already begun, it’s a great time to take stock of where are and where you want to be in the future. 

Get started by asking yourself the following: 

  • How healthy is my savings? Take note of all your investments and account balances, as well as how much you’re contributing. Do you have an emergency fund or are you trying to build one? Remember, you can’t figure out how much to save each month unless you know what you already have.
  • How much more do I need? Think about how you want to live in retirement. Do you expect your expenses to go down when you retire, or will you spend as much as you do now? Most experts agree that your retirement income should be about 80% of your pre-retirement annual income. So if leave the workforce making $100,000 a year, you’ll need a minimum of $80,000 annually to have a comfortable retirement lifestyle. 
  • What’s my retirement budget? Outline the monthly and long-term expenses you’ll need to cover once you’re retired. Are these costs covered by your anticipated retirement income or savings? What changes can you make now to increase your budget on a retirement income? 
  • Where will I live in retirement? Is your current home equipped to meet your changing needs as a retiree? Are you looking to relocate entirely? Choosing a retirement location has a big impact on your financial goals.

Making financial wellness a priority 

Whether or not your retirement plans are set, ensure you’re on the right path for financial wellness. If you’re a homeowner age 55 or older in select states*, consider the benefits of a reverse mortgage loan. This financial tool allows you to leverage the funds built up in your home to help create a more financially secure retirement lifestyle. Best of all, you can use the money as needed to make home renovations, pay medical bills, supplement your income, travel and much more. Please don’t hesitate to reach out to Reverse Mortgage Funding (RMF) at (888) 277-1567 to learn more. Happy New Year! 

*Available to borrowers as young as 55 in select states only. Higher minimum age requirements may apply. Visit for details. 


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.

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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

Get Your Free Reverse Mortgage Quote

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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