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

Are You a Habitual or Aspiring Saver?

June 9, 2015 1:39 am

As a large portion of the population nears retirement, the Transamerica Center for Retirement Studies® (TCRS) recently examined the relationship between saving patterns and long-term outcomes. Chief among the findings was the ratio of habitual, occasional, past and aspiring savers, with habitually-saving Americans surpassing global statistics at 52 percent.

These habitual savers, put simply, are consistently setting aside funds for retirement. One-fifth of Americans identified as occasional savers, contributing to a retirement fund from time to time; 12 percent are past savers, who are currently not saving, but have in the past; and 11 percent are aspiring savers, who are not saving enough for retirement, but intend to do so. Just 5 percent are not saving, and have no plans to do so in the future.

The TCRS research also found the average annual income for habitual savers to be $73,000 – significantly higher than that of the rest of the world. Predictably, habitual savers reported having higher incomes than aspiring savers.

Beyond receiving a pay raise, which most aspiring savers say would be helpful, the findings illustrate ways employers and policymakers can play important roles in promoting habitual saving.

Source: TCRS

Published with permission from RISMedia.


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Landscape Investments Drive Home Value

June 9, 2015 1:39 am

Maintaining the landscape on your property creates scenery not only visually appealing – it can enhance value, too, according to the Appraisal Institute.

“If landscaping is properly maintained, the impact on home values can be positive,” says Appraisal Institute President M. Lance Coyle, MAI, SRA. “However, it’s important for homeowners not to exceed neighborhood norms when upgrading.”

Curb appeal is an important factor when selling a home, Coyle adds, noting that it is one of the best ways for property owners to make a positive first impression. A home with landscaping that is dated or not appropriately maintained can be a turn-off to prospective buyers and can have a negative impact on the home’s potential resale value.

Coyle says homeowners should ask themselves the following questions when it comes to their home’s landscaping:

• Is the landscaping nice enough to make the prospective buyer walk through the front door? Keep the design modern and on-par with comparable properties in the neighborhood.

• Could the landscaping help future owners save money? Landscaping that needs minimal, if any, water to maintain could be attractive depending on the geographic area.

• Does the landscaping help with the property’s energy efficiency? For example, it’s a good idea to plant trees in a location where they provide shade in locations with year-round hot climates.

If you’re installing a new landscape or planning to revamp an existing one, the EPA’s Energy Star program advises selecting plants that are appropriate for their climate and using a suitable landscape and irrigation design. Homeowners should also consider landscaping techniques using low-water and drought-resistant grass, plants, shrubs and trees.

Source: Appraisal Institute

Published with permission from RISMedia.


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