Midlothian, VA. 804.378.2527

Lifelong Learning Chesterfield


Economics and Finance - Fall 2018   

 

Lifelong Learning Institute in Chesterfield                        

                                                                                      Not an LLI member? Join here now. It's easy! 

The Psychology of Smart Investing                                         

Wednesday                                      EF183018            

2:00-3:30                             

Sept 12

Instructor(s): James E. Davidson, Jr., CFP®

We are hard-wired to be poor investors… emotional beings who tend to avoid pain and seek pleasure. Being aware of our innate biases and tendencies is an important step toward avoiding them. Gain deeper insight into the world of investing, and learn how to avoid common mistakes by joining us to discuss these and other issues in our open-dialogue and Q&A format. No investment experience necessary!

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Estate and Long-Term Care Planning: the Important Issues                                         

Friday                                  EF183115            

1:00-2:00                             

Sept 14

Instructor(s): Paula Peaden

An experienced estate and elder law attorney will review the advantages of a living trust over a will, durable powers of attorney, and advance medical directives. The federal and state estate tax system will be explained. Students will also learn how to plan for potential long term care and how the current Medicaid system works. The course will also educate students on how to plan for any children who have special needs and how to plan an estate that does not leave a legacy of hate among family members. Questions will be welcome.

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Home Seller Seminar                                   

Tuesday                                              EF183116            

9:00-10:30                          

Sept 18

Instructor(s): Sylvia Watford and Danita Jackson

Wondering how to get the best price for your home in the shortest amount of time? Participants will learn about the home selling process with a Virginia Credit Union representative who will offer practical tips and share common pitfalls to avoid when selling a house.

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Medicare Part D: Shopping for the Best Plan for You                                     

Wednesday                                      EF183113            

2:00-3:30                             

Sept 19

Instructor(s): Kendalle Stock

During Fall Open Enrollment, Medicare beneficiaries need to reexamine their Part D plans. Prescription drugs may have changed, the insurance company formulary may have changed, and the pharmacy participation may have changed. What may have been the best plan last year may NOT be the best this year. The government has provided a great tool to help Medicare beneficiaries find the best plan, but it can be confusing. This course is designed to help students make sure they are getting the best bang for their buck. Bring paper and pen to take notes!

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Tips for Avoiding Identity Theft                                               

Tuesday                                              EF183117            

11:00-12:00                        

Sept 25

Instructor(s): Sylvia Watford

A Virginia Credit Union representative will offer practical tips for guarding against identity theft. Participants will learn how to minimize their risk and what to do if they should ever become a victim.

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Reverse Mortgages 101: Mechanics, Costs and Considerations                                 

Friday                                  EF183122            

1:00-2:30                             

Sept 28

Instructor(s): Jim Warns

This course will explore how the federally-insured Home Equity Conversion Mortgage (HECM) program actually works. Students will learn how it has been changed recently to further protect borrowers and enhance its rapidly expanding role in improving the retirement prospects of senior homeowners. Both the advantages and disadvantages of using a reverse mortgage as a financial tool to age in home will be discussed. The presentation is not a “sales pitch” for any particular loan program or lender, and the course will be interactive with questions being encouraged. There will be time for additional Q&A at the end.

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Family and Emergency Preparedness                                    

Thursday                                            EF183105            

2:00-3:30                             

Oct 11

Instructor(s): James E. Davidson, Jr., CFP®

Many people fail to prepare adequately for life’s major events, emergencies and inevitable ending specifically in not ensuring that people trusted to handle your affairs have the essential information they need to be able to help. This course is divided into distinct “Phases” to help students improve their preparedness by completing a comprehensive checklist for them and their family.

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County Taxes and Tax Relief                                      

Friday                                  EF183130            

11:30-12:30                        

Oct 12

Instructor(s): Jenefer Hughes, MBA ACA

This course will review the work done by the Commissioner of the Revenue's office, explore property taxes and explain the tax relief programs available to help seniors. The requirements for operating a business in the County will also be reviewed. This is intended to be an interactive session, and citizens will have the chance to ask questions and provide feedback to help improve the Commissioner of the Revenue’s service to the Chesterfield County community.

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Reverse Mortgages 102:  Applications in Retirement Planning                                  

Friday                                  EF183123            

1:00-2:30                             

Oct 12

Instructor(s): Jim Warns

Reverse mortgages have been known for years as a financial strategy of "last resort". Recent Ph.D. level academic studies have shown that the highest and best use of the program is to improve, not rescue, a retirement plan. A reduction in closing costs has further increased the use of the reverse mortgage by financial advisors as a pro-active planning tool. This course will review some of those studies as well as recent changes by HUD in the program itself which actually LIMIT its usefulness as a "last resort" while enhancing its benefits for meeting the challenge of financing today's longer retirements. Students are encouraged to bring their questions to the session. Attendance at Reverse Mortgages 101: Mechanics, Costs and Considerations class would be beneficial but is not required.

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Organizing Your Financial Records                                          

Tuesday                                              EF183118            

11:30-12:30                        

Oct 30

Instructor(s): Sylvia Watford

A Virginia Credit Union representative will share the benefits of keeping your personal financial records organized and offer practical recommendations on what records to keep, what to keep handy in the event of a natural disaster and tips on how to take a home inventory.

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Demystifying Long Term Care                                   

Wednesday                                      EF183120            

9:00-10:30                          

Nov 7

Instructor(s): James E. Davidson, Jr., CFP®

Join us to learn all about Long Term Care… topics include: what is a chronic illness and why medical insurance won’t pay for it, common LTC policy features, current insurance options available, the Virginia Partnership Program, and underwriting… what matters and what doesn’t.

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Reverse Mortgages 103: Use to Finance a Home Purchase                                          

Friday                                  EF183124            

1:00-2:30                             

Nov 9

Instructor(s): Jim Warns

This course will explore how one can use the "HECM for Purchase" program to buy a home while conserving cash and still having no mortgage payment. One no longer has to pay all cash to avoid a mortgage payment. This financing technique can allow one to sell their home for less and still have the necessary cash to buy their desired new home; to sell their home and "move up" to a significantly more expensive home or better neighborhood; or to have the money to add options to a newly constructed home or renovate/redecorate an existing new home without exceeding their original budget. Anyone considering purchasing a new home in the future should be aware of this financing alternative and how it works. Attendance at Reverse Mortgages 101: Mechanics, Costs and Considerations class would be beneficial but is not required.

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Drive Away Happy                                         

Tuesday                                              EF183119            

11:00-12:00                        

Nov 27

Instructor(s): Sylvia Watford

A Virginia Credit Union representative will offer advice on how to make smart car-buying decisions and give tips on negotiating the purchase of a new or used car.

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How to Read Your Credit Report and Understand Credit Scores                                               

Tuesday                                              EF183125            

10:30-11:30                        

Dec 11

Instructor(s): Sylvia Watford

Learn how to access a free copy of your credit report and the importance of reviewing and understanding the report. The components of a sample credit report will be provided and discussed. Also, students will learn how to build, manage and maintain a great credit score.

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