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

3 Money-Smart Tips for Millennials

March 11, 2016 2:15 am

From witnessing the plight of their parents to navigating a barren employment landscape, most millennials experienced the effects of the economic downturn in one form or another. As a result, they’re cognizant of the importance of monetary well-being, yet unsure how to best manage their finances.

In reality, there are many routes to take on the path to a secure financial future. The specialists at Northwestern Mutual recommend starting with the following money-wise tasks:

1. Set goals. Currently, just over half of millennials have set financial goals. If you haven’t yet defined your goals, take time to create money milestones that align with your future plans. Ask yourself where you want to be at this time next year. If you’ve already set goals, now is a good time to review your plan, assess how you're doing and make updates if needed.

2. Review your 401(k). Approximately three-quarters of millennials expect to work past age 65 because Social Security won't take care of their needs. This finding stresses the importance of a strong 401(k). Are you contributing to your employer's plan? Can you afford to contribute more? Spending even a few minutes analyzing your retirement savings can pay off big down the road.

3. Meet with a financial professional. About one in three millennials say a lack of planning is their greatest obstacle to achieving financial security. The best way to make sure you're making the most of your money is to create a plan with a financial professional.

Says Emily Holbrook, young personal market director for Northwestern Mutual: "Regardless of where millennials are on their financial journeys, completing even one small task today can have a big impact on their financial futures.”

Source: Northwestern Mutual

Published with permission from RISMedia.


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The Top 10 Downtowns of 2016

March 11, 2016 2:15 am

Things will be great when you’re downtown!

Livability.com recently released its ranking of the top 10 best downtowns across America, underscoring resurgence in downtowns in mid- and small-size towns. The downtowns included in the ranking offer expanded housing options, diversity and around-the-clock entertainment.

“Having a great downtown is about more than just great stores and great restaurants,” says Matt Carmichael, editor of Livability.com.  “A great downtown needs people. Great cities need great spaces to gather. These cities and towns are wonderful places to get out and engage with your friends, family and other residents.”

The ranking is as follows:

1. Alexandria, Va.
2. Santa Monica, Calif.
3. Greenville, S.C.
4. Bellevue, Wash.
5. Pittsburgh, Pa.
6. Boise, Idaho
7. Tempe, Ariz.
8. Plano, Texas
9. Colorado Springs, Colo.
10. Evanston, Ill.

To determine the ranking, Livability.com evaluated data from various sources, including the U.S. Census Bureau, the U.S. Department of Agriculture and the mapping platform Esri, to pinpoint areas experiencing an influx in population, new development and low vacancy rates. Livability.com also factored in Walk Score and affordability, among other indicators, and included a population parameter to identify downtowns that extend beyond Main Street.

Source: Livability.com

Published with permission from RISMedia.


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