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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Reverse Mortgage Funding LLC (RMF) Offers Consumer and Financial Professional Guides on the Largest Social Security COLA Adjustment in 40 Years
RMF Newsroom, RMF News Release

Reverse Mortgage Funding LLC (RMF) Offers Consumer and Financial Professional Guides on the Largest Social Security COLA Adjustment in 40 Years

RMF releases twin (consumer-facing and business-oriented) guides-available for free to the public-offering broad policy information and strategies for maximizing Social Security benefits

BLOOMFIELD, NJ / ACCESSWIRE / January 26, 2022 / Today, Reverse Mortgage Funding, LLC (RMF) released two free guides to consumers and financial professionals on how to maximize Social Security benefits. The Social Security Administration recently announced a 5.9% cost-of-living adjustment (COLA) for 2022, increasing the average monthly payments by almost $100. The 2022 COLA adjustment is the largest increase in Social Security checks in 40 years and may affect over 60 million Americans per month.

Many seniors preparing for retirement are woefully unprepared to maximize their retirement benefits. 68% of workers aged 50+ are unaware of their full retirement age, and of them, 62% believe they are eligible for full Social Security benefits earlier than they actually are, which can lead to claiming benefits earlier than necessary, permanently reducing check totals by up to 30%.

"The 2022 COLA adjustment is a significant announcement affecting everyone who is collecting or will soon be collecting Social Security benefits," said Kurt Czarnowski, former Regional Communications Director for the Social Security Administration (SSA) in New England and expert Social Security consultant for RMF. "The cost-of-living adjustment will likely raise many questions retirees have on whether the increased benefit will support their long-term retirement plan. It's more important than ever for seniors to know how they can maximize their benefits."

Consumers can download the digital guide at Financial professionals can download their free digital guide through's free online educational platform for advisors and planners.

"I highly encourage all seniors and financial professionals to learn how to maximize their Social Security benefits by reading RMF's comprehensive, free to the public guides to better plan for a successful retirement," adds Czarnowski. "Most retirees don't know all the factors that determine their maximum benefit, which could cost them. The most common mistakes include following non-professional advice, claiming benefits earlier than necessary, checking anticipated tax rates according to benefit amount and supplemental income, not checking your annual Social Security earnings statements for accuracy, not planning as couples, and more."

RMF is committed to guiding older Americans in making their imagined retirement lifestyle a reality and in the comfort of their own home. In line with the company's dedication to providing exceptional customer support, straightforward guidance and ensuring an exceptional customer experience, RMF recently announced it has lowered the minimum age requirement to 55+ in certain states* for its proprietary reverse mortgage product Equity Elite®. These lowered age restrictions now qualify an additional 2.7 million households for a reverse mortgage,† granting the ability to have a larger cash flow, especially for those who were unable to save enough for a successful retirement.

To learn more about Reverse Mortgage Funding, please visit

About Reverse Mortgage Funding LLC

Established in 2012, Reverse Mortgage Funding LLC (NMLS ID #1019941) is one of the nation's largest GNMA issuers of reverse mortgages and a recognized industry thought leader. RMF focuses on originating, acquiring, investing in, and managing reverse mortgage loans and securities backed by reverse mortgage loans. The company is headquartered in New Jersey, with corporate offices in New York and California and field offices throughout the U.S. RMF is a wholly owned subsidiary of Reverse Mortgage Investment Trust Inc. (RMIT), a specialty finance company in the reverse mortgage sector. RMIT is an affiliate of Starwood Capital Group, a global private investment firm and an innovator in non-agency mortgages. The relationship with Starwood Capital affords RMF the unique ability to develop new product lines and create strategic partnerships within the Starwood Capital family of companies.

RMF is proud to continually earn high praise from their customers-receiving a 98% customer satisfaction1 rating; a4.7-star / Excellent score on Trustpilot;24.8 out of 5 stars on LendingTree;3 and anA+ rating with the Better Business Bureau4.

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

†Reverse Market Insight Research Data, June 2021.

1Source: RMF Customer satisfaction survey, December 2021

2Source: Trustpilot, as of January 2022

3Source: LendingTree Ratings and Reviews, as of January 2022

4Source: Better Business Bureau as of January 2022

This material has not been reviewed, approved or issued by HUD, FHA or any government agency. The company is not affiliated with or acting on behalf of or at the direction of HUD/FHA or any other government agency.

NOT FOR CONSUMER USE. ©2022 Reverse Mortgage Funding LLC, 1455 Broad Street, 2nd Floor, Bloomfield, NJ 07003, 1-888-494-0882. Company NMLS ID: #1019941. For licensing information, go to: Arizona Mortgage Banker License #0927682; Licensed by the Department of Financial Protection and Innovation under the California Residential Mortgage Lending Act; Loans made or arranged pursuant to a California Financing Law license; Georgia Mortgage Lender Licensee #36793; Massachusetts Mortgage Lender License #ML1019941; Licensed by the New Jersey Department of Banking & Insurance; Licensed Mortgage Banker-NYS Department of Financial Services -in-state branch address 700 Corporate Blvd, Newburgh, NY 12550; Rhode Island Licensed Lender. For California consumers: For information about our privacy practices, please visit Not all products and options are available in all states. Terms subject to change without notice. Certain conditions and fees apply. This is not a loan commitment. All loans subject to approval. L4330-Exp012023

Media Contact:
Jean Noble, (631) 270-3214 or

SOURCE: Reverse Mortgage Funding, LLC


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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

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