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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Thanksgiving Dinner with a Side of Family Stories
Retirement News

Thanksgiving Dinner with a Side of Family Stories

November is Family Stories Month, and Thanksgiving is the perfect time to celebrate! Start a new tradition by sharing family stories around the table to learn, connect, reminisce and make new memories with your loved ones. 

So instead of discussing the weather, or worse — politics — at your feast, bring everyone closer with some family stories, wisdom and legacies.

A little preparation goes a long way

Instead of jumping into a discussion cold turkey (no pun intended), consider prompts or questions to help ease the process and get the conversation going.

  • Where did grandma meet grandpa?
  • What were mom and dad like as kids?
  • Who was your brother’s childhood hero?
  • What was your great uncle’s first job?
  • Where was your most memorable vacation?
  • Growing up, what was best part of everyone’s Thanksgiving?

Some relatives may talk their way through dessert. But others may be more reserved, giving only brief answers. Encourage the conversation with follow-up questions.

Hold onto the memories

As you’re storytelling this holiday, be sure to capture them for yourselves and future generations. Here are some ideas:

  • Write them down. Assign someone at the table to record the old-fashioned way — with a pen and paper.
  • Take photos for a scrap book/memory book. Images can be a treasure to accompany handwritten family stories.
  • Make an audio recording. Pull out your iPhone or other recording device to document the conversation.
  • Take a video. Set up any visual recording device to relive the memories of your new tradition.

If you’re connecting with some family members virtually, record those gatherings too, via platforms like Zoom or Skype.

However you choose to preserve them, sharing family stories can help make Thanksgiving Day more memorable and meaningful for years to come.

Writing your next chapter

The joys of life don’t end when you retire — it’s only the beginning. For older homeowners and homebuyers, there’s a financial tool that can offer you the funds to live your best years yet. A reverse mortgage allows you to leverage your home equity as a lump sum, monthly payments or a line of credit that’s available if and when you need it. As a borrower, you can use the funds however see fit to enjoy a more comfortable retirement as long as you stay current with loan obligations including taxes, insurance and maintenance.

Reach out to the loan specialists at Reverse Mortgage Funding LLC (RMF) to learn more. Call us at (888) 277-1567 to explore the possibilities.

This content is sponsored by RMF, one of the nation’s leading reverse mortgage lenders. We are dedicated to helping older Americans live the retirement lifestyles that they imagined and deserve, 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; 4.5 out of 5 stars on LendingTree; and an A+ rating with the Better Business Bureau. Call (888) 277-1567 to speak with one of our experienced reverse mortgage specialists to learn about our retirement financing products and solutions.

†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.


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