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Peter Ryan
4789 Route 309
Center Valley  PA 18034
 Phone: 610-791-4400 1958
Office Phone: 610-791-4400
Cell: 610-360-0820
Fax: 267-354-6890 
peterryan01@gmail.com
Peter Ryan

My Blog

3 Ways to Jumpstart College Savings

May 5, 2015 12:24 am

When it comes to financing a college education, saving money is easier said than done. Though 90 percent of American parents believe a college education is an important investment in their child’s future, less than half (48 percent) are actively saving, according to a recently released survey by Ipsos and lender Sallie Mae.

What’s more, those who have established a college fund are saving less than they did in past years, with the average annual amount falling to just $10,040.

Increases in the cost of living and unexpected expenses were the most commonly cited reasons for saving less.

Despite these findings, habits are changing for the better. More parents saving for college are using auto-deposit services, designating a portion of each paycheck to a college savings fund, reducing personal and household spending and using cash-back rewards programs tied to college savings accounts.

According to Sallie Mae, a little preparation can mean big savings in the long run. Parents who build a plan to save for college have saved $11,102; parents who do not have plans saved just $7,611.

To boost your saving efforts, Sallie Mae recommends the following:

1. Open a savings account. Set up and designate a savings account as your college fund. Deposit gifts from friends and family, and sign up for free services that let you earn cash back to save for college.

2. Make regular contributions. Set a goal, and create a routine of adding money. Even a little bit adds up over time, and automatic deposits make saving easy.

3. Explore tax-advantaged options. Put your money to work using dedicated college savings programs like Coverdell Education Savings Accounts, prepaid state college savings plans, and 529 college savings plans.

Source: Sallie Mae

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Reducing Portable Generator Risks

May 5, 2015 12:24 am

(Family Features) From weather-related power outages to camping or tailgating, portable generators work overtime in warmer months to provide a flexible means of electricity. When power fails, they provide reassuring light to a storm-darkened house, restore operation to power necessary equipment and allow you to operate climate control devices such as fans and space heaters.

However, portable generators are not free of risks – the greatest of which is carbon monoxide, according to the Portable Generator Manufacturers’ Association (PGMA). The engine exhaust from these devices contains this gas, which you cannot see, taste or smell and can have fatal consequences for people and animals that are exposed to excess levels. Remember to:
  • Never run a portable generator indoors or in partially-enclosed spaces like garages, porches, breezeways or tents, even if using fans or opening doors and windows for ventilation. Carbon monoxide can build up and linger for hours, even after the generator has shut off.
  • Always place a portable generator downwind and point the engine exhaust away from occupied spaces, such as a campsite or tailgate area.
  • Get to fresh air immediately and call 911 for emergency medical attention if you feel sick, dizzy or weak while using your portable generator.
  • Install a battery-operated carbon monoxide alarm according to manufacturer's instructions.
  • Always refer to the generator owner's manual for further information about safe operation and potential hazards.
By learning how to properly operate your portable generator, you and your family can safely avoid the inconvenience of power outages and enjoy hours of fun this summer and beyond.

Source: PGMA

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Kitchen, Bath Remodels Top Homeowner Wish Lists

May 5, 2015 12:24 am

Kitchen and bathroom remodels remain the most popular projects for homeowners, according to a recently released National Association of Home Builders (NAHB) survey. Why remodel? Survey respondents reported homeowners are motivated to remodel in order to upgrade to newer, better features at home.

“As the country’s financial footing improves, clients are better able to realize their home design dreams,” says NAHB Remodelers Chairman Robert Criner. “While remodels prompted by repairs remain common, homeowners have more discretionary funds available for upgrades, so better style, comfort and safety motivate more home improvement projects.”



Both kitchen and bath remodels have increased since 2013, rebounding strongly from historic lows in 2010. Projects during this period ran the gamut of home improvements, ranging from simple upgrades like window and door replacements to complex plans for whole home remodels and basement transformations.

After kitchens and baths, the most popular remodeling projects were window and door replacements, whole house remodels, room additions, property damage repairs and handyman services.

Source: NAHB

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4 Ways to Reduce Your Eco-Footprint

May 4, 2015 2:21 am

Poor air quality affects everyone, but some people are particularly sensitive to air pollutants, including adults and children who are active outdoors and people with respiratory diseases such as asthma, according to the EPA. Poor air quality can be further compounded by smog, which forms from a variety of pollutant sources, including cars, trucks, motorcycles and buses, coal burning at electric generating stations, gasoline stations and print shops, and household products like paints and cleaners.

If you area is experiencing poor air quality, there are ways you can help reduce airborne pollution, including:
  • Using public transportation or walking whenever possible
  • Combining errands and car-pooling to reduce driving time and mileage
  • Using less electricity by turning air conditioning to a higher temperature setting and turning off lights, televisions and computers when they are not being used
  • Avoiding use of small gasoline-powered engines, such as lawn mowers, string trimmers, chain saws, power washers, air compressors and leaf blowers on unhealthy air days
Source: EPA.gov

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Over 65 Million Americans Live in Homeowner, Community Associations

May 4, 2015 2:21 am

According to a recent review by the Community Association Institute (CAI), an estimated 66.7 million Americans live in common-interest communities, including homeowners associations, condominium communities and cooperatives. Between 1970 and 2014, the number of community associations has swelled from 10,000 to 333,600, the CAI reports.

Homeowners associations account for 51 to 55 percent of the 333,600 associations, with condominiums representing 42 to 45 percent and cooperatives 3 to 4 percent. States with the most associations are Florida (47,100), California (43,300), Texas (19,400) and Illinois (18,150).

"Community associations are an increasingly vital segment of the U.S. housing market—and are increasingly desired by smart homebuyers," says CAI Chief Executive Officer Thomas M. Skiba, CAE. "Not only do they provide options, alternatives, facilities and amenities that most Americans could not otherwise enjoy, they protect property values by preserving the nature and character of the communities."

The estimated value of homes in associations is $4.95 trillion. Associations collect an estimated $70 billion in assessments from their homeowners. Assessments fund association services, such as professional management, utilities and maintenance, and a wide variety of amenities, including pools, club houses and social events. About $22 billion of assessment dollars are contributed to association reserve funds for the repair, replacement and enhancement of common property.

An estimated 30 to 40 percent of associations are self-managed, meaning they do not employ a community manager or management company.

An estimated 2.3 million Americans serve on community association boards and committees at any one time. They perform an estimated 78 million hours of service annually; the value of their volunteer time is estimated at $1.6 billion.

Source: CAI

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Buyers Place Higher Value on Fire-Protected Homes

May 4, 2015 2:21 am

Homeowners are more likely to buy a home – and assign it more value – if it’s protected by fire sprinklers, according to a recent Harris Poll survey. Nearly eight in 10 respondents said fire sprinklers provide the ultimate protection for residents.

"It's certainly encouraging to see that 59 percent of homeowners say fire safety is very important to them and that the majority would rather buy a sprinklered home," says Home Fire Safety Coalition (HFSC) President Lorraine Carli. "But we are also reminded of how much awareness work there still is to do. For example, just half the homeowners recognize the increased fire hazards associated with lightweight residential construction to residents and firefighters, and only about a third understand how open design increases the danger of a home fire."

The common myth that all the fire sprinklers spray water at once when a fire breaks out remains a roadblock to homeowner interest. While homeowners often receive information about home safety features from their builder, 93 percent of them said that firefighters are a more trustworthy source for fire safety. Nearly half say they have more confidence in homebuilders who offer sprinklers than those who do not.

Source: HFSC

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Sunny Skies Ahead for Retirees

May 1, 2015 12:12 am

Rebounding from record lows at the height of the recession, more Americans are now confident in their ability to afford retirement, according to a recent Employee Benefit Research Institute (EBRI) survey. This increasing optimism stems from the 67 percent of workers who either have, or have a spouse who has, a retirement plan such as a 401(k), pension or IRA.

The survey found that 35 percent of those with a retirement plan, either personally or through a spouse, have saved at least $100,000, though just 23 percent have calculated retirement needs.

Worker confidence in the affordability of retirement has inched upward in various areas, including basic expenses, medical expenses and long-term care expenses. Workers are also somewhat more confident that they are adequately preparing financially for retirement. Retiree confidence has increased substantially, as well.

Additionally, both workers and retirees are less likely to describe their level of debt as a problem. The types of debt most frequently reported are mortgages, credit card debt and car loans.

Many Americans, however, are not taking the necessary steps to afford retirement, the survey suggests. For workers without a retirement plan, savings remain low and only a minority appears to be taking basic steps needed to prepare for retirement. Sixty-four percent of those without a retirement plan say they have saved less than $1,000.

For half of workers, cost of living and day-to-day expenses are most detrimental to savings. Nevertheless, many workers say they could save a small amount more – 69 percent state they could save $25 a week more than they are currently saving for retirement.

Source: EBRI

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Mortgage Rates Tick Upward

May 1, 2015 12:12 am

A recently released Bankrate.com survey found mortgage rates rose slightly, with the benchmark 30-year fixed mortgage rate rising to 3.86 percent. The average 15-year fixed mortgage stepped up to 3.07 percent, while the larger jumbo 30-year fixed mortgage increased to 3.97 percent. Adjustable rate mortgages were up modestly as well, with the 5-year ARM nosing higher to 3.11 percent and the 7-year ARM now at 3.33 percent.

The increase in mortgage rates came despite evidence of a weak economy at the beginning of this year. As expected, rates moved up ahead of the Federal Reserve meeting. The initial look at first quarter Gross Domestic Product (GDP) didn't elicit much of a response in mortgage rates because it is not only backward looking, but was also widely expected.

One year ago, the average 30-year fixed mortgage rate was 4.44 percent. At that time, a $200,000 loan would have carried a monthly payment of $1,006.25. With the average rate now at 3.86 percent, the monthly payment for the same size loan would be $938.76, a savings of $67 per month for anyone refinancing now.

Source: Bankrate.com

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Perk Up Your Patio with These Plants

May 1, 2015 12:12 am

Nothing brightens up an outdoor space quite like blooming flowers and thriving greenery. Whether you’d like to upgrade your deck, porch or patio, consider planting these florae, recommended by the experts at garden plant grower Monrovia.
  • Hydrangeas – Beloved for their large, colorful blooms, hydrangeas thrive in full sun to part shade and should be planted in moist, rich soil. If you live in a drier climate, water them two or more times each week. 
  • Gardenias – Known for their distinct fragrance, gardenias can be grafted onto hardy rootstock to make them easier to grow and less prone to disease.
  • Peonies – Available in an array of colors, peonies are a popular pick, especially itoh peonies, which are a hybrid of herbaceous and tree varieties. Itoh peonies have an extended bloom season and disease resistance, and are much less expensive than when they were first introduced.
  • Peruvian Lilies – Great for cut flower arrangements, Peruvian lilies will provide fresh flowers to adorn your home’s interior all summer long. To boost growth, start off with a bulb and give them ample space in a container or within a garden.
  • Roses – A welcome gift for many, groundcover roses are pest and disease resistant, and require minimal pruning and no dead-heading.
  • Edible Plants – Fruit-bearing plants like blueberry or raspberry shrubs make great long-lasting gifts. They flower in spring, fruit in summer and display colorful foliage in the fall.
Source: Monrovia

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Americans Give High Marks for Finances

April 30, 2015 2:09 am

A majority of Americans are confident in their most recent big financial decision, such as picking a credit card, buying a car or refinancing a mortgage, and as many as 59 percent say they deserve an “A” or a “B” when it comes to their personal financial knowledge, according to a recent survey by the National Foundation for Credit Counseling.

However, this confidence may be somewhat misguided. Per the survey, 70 percent of Americans are worried about their personal finances, as 60 percent spend without a budget and 21 percent spend more than they did in the previous year.

Additionally, only six percent of Americans feel their student loans were a good investment, and more adults would advise against student loans than would recommend them. Of those who are repaying their own student loans or their children’s loans, 58 percent say they are unable to establish emergency or retirement savings or purchase a car as a result of that financial commitment.

This overconfidence may be the result of progressing success in credit card debt management. Although one in three households carry credit card balances from month to month, the percentage with balances below $2,500 has increased by four percentage points over last year, while the proportion of those with balances of $2,500 or more has decreased by the same amount. This may suggest that people who carry credit card debt are doing so with lower balances than they had in the past.

Source: NFCC

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