Midlothian, VA. 804.378.2527

Lifelong Learning Chesterfield


Economics and Finance - Fall 2019

 

Lifelong Learning Institute in Chesterfield                        

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

Home Seller Seminar                                    

Tuesday                                              EF193116            

10:00-11:30                        

Sept 10

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.

                                ______________________________

The Psychology of Smart Investing                                         

Thursday                                            EF193018            

9:00-10:30                          

Sept 19

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!

                                ______________________________

Medicare Part D: Shopping for the Best Plan for You                                      

Tuesday                                              EF193113            

9:00-10:30                          

Oct 1

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!

                                ______________________________

Reverse Mortgages 101: Mechanics, Costs and Considerations                                 

Friday                                  EF193122            

1:30-3:00                             

Oct 4

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.

                                ______________________________

Family and Emergency Preparedness                                    

Tuesday                                              EF193105            

9:00-10:30                          

Oct 15

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.

                                ______________________________

Tips for Avoiding Identity Theft                                

Tuesday                                              EF193117            

10:00-11:00                        

Oct 22

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.

                                ______________________________

Estate Settlement and the Probate Process                                        

Tuesday                                              EF193104            

9:00-11:00                          

Oct 29

Instructor(s): Mark Mikuta, CPA, CFP

Most folks are familiar with estate planning; and while many have heard of the probate process, few really understand the nuts and bolts of the process. What are the steps in the Probate Process? What if there is no will? What does the Executor or the Administrator do? The presentation includes time for questions.

                                ______________________________

Reverse Mortgages 102:  Applications in Retirement Planning                                  

Friday                                  EF193123            

1:30-3:00                             

Nov 1

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.

                                ______________________________

Organizing Your Financial Records                                          

Tuesday                                              EF193118            

9:30-10:30                          

Nov 12

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.

                                ______________________________

Senior Scams and Financial Exploitation                                              

Wednesday                                      EF193106            

2:00-3:30                             

Nov 13

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

According to the Consumer Financial Protection Bureau: “Elder financial exploitation has been called the crime of the 21st century… robbing victims of their resources, dignity and quality of life… and they may never recover from it.” Join us to examine real-life case studies and learn more about risk factors, detection, prevention and how to better protect yourself and others from this type of mistreatment.

                                ______________________________

Reverse Mortgages 103: Use to Finance a Home Purchase                                          

Friday                                  EF193124            

1:30-3:00                             

Nov 22

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.

                                ______________________________

How to Read Your Credit Report and Understand Credit Scores                                

Tuesday                                              EF193125            

9:30-11:00                          

Nov 26

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.

                                ______________________________

Financial Preparedness for Disasters                                     

Wednesday                                      EF193132            

10:00-11:30                        

Dec 18

Instructor(s): Jessica Robison

This course is based off of FEMA's Emergency Financial First Aid Toolkit. Students will learn about the financial impacts of disasters, steps that they can take to increase their financial preparedness and what can be expected after a disaster strikes. Each student will receive a FEMA Emergency Financial First Aid workbook to take home.

                                ______________________________