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

Retirement Fears Boil Down to Debt

March 16, 2015 2:09 am

A recent poll from Bankrate.com focuses on Americans' retirement fears. Interestingly enough, “too much debt” was not in the top three fears cited in the survey, says Gary Herman, president of Consolidated Credit. It may seem like debt isn't a big concern compared to medical bills, lack of savings or not being able to pay daily expenses, but those fears stem from debt, he says.

Herman notes that mortgage debt may be another worry. "Too many Americans don't consider mortgages when they think of the word debt. While mortgages are often considered a 'good' form of debt, you still need to factor it into your retirement plans," he says.

In May 2014, the Consumer Financial Protection Bureau reported that consumers age 65 and older owed larger balances on their mortgages than their 65 and older age cohorts did a decade ago. The median amount owed on mortgages increased 82 percent, from approximately $43,400 to $79,000. Older consumers also owe more on their mortgages in relation to the value of their home than a decade ago.

Source: Consolidated Credit

Published with permission from RISMedia.


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Making Your Master Closet Work for You

March 16, 2015 2:09 am

(Family Features) Whether you plan on building a home from the ground up, purchasing new construction or adding value to your current residence, there are many opportunities for upgrades at home.

In a recent ClosetMaid® study, 45 percent of existing homebuyers noted that they have made changes to their master bedroom closet since moving in. In addition, 61 percent of new-home buyers said they are considering renovating or upgrading their master closet within 18 months. When considering where to make investments in your home, don't close the door on the closet! You can create the closet of your dreams with a few simple tips.

1. Add paint and update the lighting – Bring bedroom paint into the closet. This makes the space feel like a true extension of your bedroom, not a forgotten area behind closed doors. Great lighting is also important in a closet – it helps you to see everything clearly.

2. Utilize more space – Most master bedroom closets come standard with only a single shelf and rod. Since most closets have little need for so much long hanging space, professional organizer Lorie Marrero, author of "The Clutter Diet," suggests improving your closet with the addition of double hang space. A good rule of thumb is 84 inches for the top shelf and 42 inches for the lower shelf.

3. Consider accessories – If you plan to update your closet with a wire system, there are a multitude of accessories you may want to include, such as a tie and belt rack or shoe shelves. You may also consider installing a laminate or wood system with drawers, doors, decorative molding and more to transform your closet into a personal haven.

Investing in a functional closet organizing system can help you save time now by reducing the stress of finding items when you need them, and benefit you in the future by adding extra value to your home.

Source: ClosetMaid

Published with permission from RISMedia.


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