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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Un-retiring Not an Option? Rethink How to Spend Your Time.
Retirement News, Financing Retirement

Un-retiring Not an Option? Rethink How to Spend Your Time.

Regretting that early retirement? You’re not alone. In fact, the number of retired workers re-entering the workforce in February 2022 climbed to around 3% of total retirees — its highest level since March 2020. 

The pandemic forced many older Americans to leave the workforce ahead of schedule. But due to inflation and declining investments, many retirees are looking to get back into the workforce, fearing they’ll deplete their retirement savings too quickly.

Unfortunately, we’re not all in Tom Brady’s shoes with the ability to jump back into a (very!) lucrative career. For most retirees, retirement today is about accepting and embracing a new path away from the office.

Finding a sense of purpose

What are some steps you can take to make your life more fulfilling without a traditional nine-to-five gig?

Redefine yourself. Are you a grandparent, an aunt, a gardener, a talented baker or a volunteer? You’re not defined by what you once did for a living. Contemplate who you are outside of work and who you want to be in this next phase of life.

Update your goals. From getting the big promotion to hitting ambitious sales goals, professional goals are great while you are still working. But what are you aiming to achieve in retirement? Goals can help challenge you, offer direction and give you a sense of purpose. With time on your side, put your dreams first.

Volunteer. Support your community while working toward a cause that’s important to you. Volunteering also aids in reducing isolation, strengthening your ties to the community, expanding your social network and keeping your body and mind active as you age.

Nurture your interests. Hobbies are important at every phase of life, but especially during retirement. How will you fill up your newfound free time? Whether it’s kickboxing at the gym, traveling or enrolling in a class you’ve always want to take (but never had the time), make the most of your free time by doing the things you love.

Work part time. As of January 2022, the average Social Security benefit is $1,657 per month. Even if you have a pension or other income, this might not be enough to afford the necessities of retirement life. Consider semi-retirement — working in some capacity to help conserve your savings, delay claiming your Social Security benefits or simply to give your time more structure.

Funding your dreams

Remember, it’s never too late to start fresh and live out your dreams. But make sure you have the financial peace of mind to do so.

A woman who retires at 55 will have to stretch her retirement savings for almost 29 years! A man who retires at 55 will have to make his money last for 25 years. If you’re not on track and worried about the future, Reverse Mortgage Funding LLC (RMF) can help.

Our mission is help older homeowners live a more comfortable retirement, free of financial worries, with the benefits of a reverse mortgage loan. As a borrower, it allows you to leverage the equity built up in your home, all while continuing to live in it and retain ownership. Funds can be accessed as a lump sum, monthly payments or a line of credit that’s available on standby. It also has a flexible repayment feature: Pay as much (or as little) as you’d like toward the principal and interest each month or defer repayment altogether.

To learn more about this unique opportunity, give us a call today at (888) 277-1567. We look forward to helping you live your retirement to the fullest.

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.

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.

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. In certain states, RMF’s EE loan provides a fixed-rate term payment option.


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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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