RE/MAX 440
John F. O'Hara

John F. O'Hara
731 W Skippack Pike  Blue Bell  PA 19422
Phone:  610-277-4060
Office:  215-643-3200
Cell:  267-481-1786
Fax:  267-354-6973

My Blog

With Age Comes…Nevermind: Millennial Outlook 'Positive,' but 'Realistic'

September 8, 2016 1:15 am


Millennials expect healthy financial prospects, but hold no illusions for the long-term—a “positive,” “realistic” outlook atypical of their age, according to the recently released Northwestern Mutual Planning & Progress Study. The majority of millennials in the study were confident they will achieve their financial goals, though some expressed concern about retirement.

“It’s encouraging to see that millennials are striking a balance between being realistic about the implications of extended longevity and remaining positive about building a solid financial future,” says Rebekah Barsch, vice president of Planning for Northwestern Mutual.

Notably, the millennials in the study were more likely than any other generation to recognize a lack of planning as a hindrance to security in retirement, and many believed the availability of Social Security is “not at all likely.”

Most considered themselves “highly disciplined” financial planners, even though slim wages and student loan debt were causes for concern. The former, the study found, has a negative impact on their career goals.

“The early stages of a career can be rewarding in many ways, but not necessarily financially,” says Barsch. “With the right financial plan in place, millennials can alleviate some of the pressure and feel confident about pursuing their career aspirations, rather than just a paycheck.”

Just one in five of the millennials included in the study had a financial advisor.

The takeaway? Millennials maintain a financial disposition that belies their years: a rosy outlook tempered by faith in the economy, and foresight.

Source: Northwestern Mutual
 

Published with permission from RISMedia.


Tags:

The Best Time for Deals on Patio Gear Is…Now!

September 8, 2016 1:15 am


We’re all familiar with annual end-of-season sales on patio equipment and furniture—but when, really, is the best window for savings?

For the answer, I turned to coupon clearinghouse LOZO.com, which finds reliable grocery coupons from hundreds of trustworthy brands and websites. (You may have seen reporting on them on Good Morning America, The Dr. Oz Show or TLC's Extreme Couponing.)

LOZO.com points out that with fall and the holiday season approaching, the closer retailers get to their seasonal inventory change-over, the greater the discounts—that's why you can count on end-of-season sales for just about every seasonal item.

Brick-and-mortar retailers are particularly eager to move patio furniture, because it’s big, bulky, and takes up valuable store space. Unlike some seasonal items that gradually progress through sales (25 percent off, 40 percent off, 50 percent off, and so on), patio furniture quickly discounts.

According to LOZO.com, the best course of action is to carefully track the store(s) you might buy from and check stock and discounts. Don’t hesitate to ask a salesperson for details on how much inventory is still available, when it will be discounted, and for how much. Check back regularly to see if the sales have gotten any sweeter—LOZO.com recommends springing for the patio purchase when it reaches 75 percent off or more.

For more guidance on savings for your household, visit LOZO.com.
 

Published with permission from RISMedia.


Tags: