Lifestyles over 50 Finance & Money
“In almost 40 years in real estate one of the most important things that I have learned is to have clear communication with clients and not to assume that we are all speaking the same language.” Below are the five real estate terms that Elissa reviews with her clients to ensure clear communication and the best possible outcome:
A reverse mortgage may help you pay off debt and provide breathing room John and Carol love getting their grandchildren off the bus, volunteering at church, and going for long walks together at Trexler Park in Allentown. They worked hard all their life but still have a small mortgage remaining on their home. Although retired they are in good health and very active. “I keep busy doing the things I enjoy and being with people that I love,” says John of his golden years. To make extra money John works part-time at a hardware store. Both are in their early 70s and receive social security as well as a small pension from John.
The real estate pundits are predicting another good year for sellers in 2018. Prices are expected to rise as there is reportedly an inventory shortage. Although its cold out there right now, things will be heating up quickly. If you want to sell your home in 2018, even if its not until later in the year, then its time to prepare now. Below are easy tips to start transitioning your home to put it on the market.
The idea of selling your house and moving to a new location looks OVERWHELMING and MONUMENTAL! Living there for years surrounded by mementos and memories, the thought of leaving is more than you can bear. Your home is so familiar, so comfortable, and so much a part of you and your family’s life thinking of leaving leaves you with dread and loss.
Consequently, retirees often don’t want to make any big changes like this. But for most the times comes when staying in their current home is simply no longer safe or wise.
There are big changes coming to your Medicare card next year. Starting in April of 2018, people with Medicare will begin to receive NEW Medicare cards with one major difference – your Medicare number, which is your Social Security number, will not be on the card. Because of increased concerns about identity theft and other safety reasons, your Social Security number will be replaced by a random 11-digit number that is unique to you with no identifying information. This change is being made to protect the security of your information, and your identity.
Medicare Open Enrollment for 2018 starts October 15 and remains open until December 7. During this annual enrollment period (AEP) you can make changes to various aspects of your coverage. You can switch from Original Medicare to Medicare Advantage, or vice versa. You can also switch from one Medicare Advantage plan to another, or from one Medicare Part D (prescription drug) plan to another.
Consumer Trust Mortgage wants you to know at least six important facts about Reverse Mortgages. Since 1995, Consumer Trust Mortgage has been helping residents in the Lehigh Valley and beyond to purchase and/or refinance their homes. Now, we are helping people 62 years of age and older to continue to enjoy their homes without the financial burdens of a mortgage payment.
Lehigh Valley Aging in Place Coalition (LVAIP). The mission of LVAIP is to provide an ongoing forum for professionals from private, public, non-profit and business sectors to inform, educate and help older adults age in place. We provide information and solutions to older adults and their families to be proactive in planning for their future needs. lvaginginplace.org.