Comments
yourfanat wrote: I am using another tool for Oracle developers - dbForge Studio for Oracle. This IDE has lots of usefull features, among them: oracle designer, code competion and formatter, query builder, debugger, profiler, erxport/import, reports and many others. The latest version supports Oracle 12C. More information here.
Cloud Expo on Google News

2008 West
DIAMOND SPONSOR:
Data Direct
SOA, WOA and Cloud Computing: The New Frontier for Data Services
PLATINUM SPONSORS:
Red Hat
The Opening of Virtualization
GOLD SPONSORS:
Appsense
User Environment Management – The Third Layer of the Desktop
Cordys
Cloud Computing for Business Agility
EMC
CMIS: A Multi-Vendor Proposal for a Service-Based Content Management Interoperability Standard
Freedom OSS
Practical SOA” Max Yankelevich
Intel
Architecting an Enterprise Service Router (ESR) – A Cost-Effective Way to Scale SOA Across the Enterprise
Sensedia
Return on Assests: Bringing Visibility to your SOA Strategy
Symantec
Managing Hybrid Endpoint Environments
VMWare
Game-Changing Technology for Enterprise Clouds and Applications
Click For 2008 West
Event Webcasts

2008 West
PLATINUM SPONSORS:
Appcelerator
Get ‘Rich’ Quick: Rapid Prototyping for RIA with ZERO Server Code
Keynote Systems
Designing for and Managing Performance in the New Frontier of Rich Internet Applications
GOLD SPONSORS:
ICEsoft
How Can AJAX Improve Homeland Security?
Isomorphic
Beyond Widgets: What a RIA Platform Should Offer
Oracle
REAs: Rich Enterprise Applications
Click For 2008 Event Webcasts
SYS-CON.TV
Top Links You Must Click On


Is It Possible to Retire Without a Mortgage to Worry About?
Is it even possible to retire without a mortgage in today's day and age?

LOS ANGELES, Nov. 5, 2012 /PRNewswire-iReach/ -- It's one thing to commit to a 15- or 30-year mortgage when you're in your 20's or 30's and have a (relatively) stable income. But what about when you're in your 50's and 60's and thinking about retiring?  Suddenly, those once-manageable monthly mortgage payments can seem like a massive hurdle. But do you even need to worry about that right now? After all, you may not even have a mortgage by then! Wait… what?

(Photo: http://photos.prnewswire.com/prnh/20121105/CG05712 )

Is it even possible to retire without a mortgage in today's day and age?
Right now, it's a little less possible than it was a few years ago. Before the recession, Baby Boomers were sitting pretty on homes that were just about paid off – and skyrocketing in value. It was like getting a visit from the "Equity Fairy". As a result, many of those Baby Boomers used all of that value to their advantage – like taking out second mortgages to help the kids pay for college, or getting home equity loans to pay for brand new gourmet kitchens and spa-like master bathrooms. They figured they could more than make up the cost when they sold their homes down the road. Unfortunately, the housing bubble burst before many of them got a chance to do that. In the end, those Baby Boomers got closer and closer to retirement age – only now, they were saddled with extra debt.  Their houses were of no help to them in pay it off now, though. In fact, the average American lost 40% of his net worth during the recession, and those Baby Boomers were no different.  As a result, many of them will be unable to have that carefree, mortgage-free retirement they dreamed of.

But what about younger Americans?
Even though they have more time to plan, the investment options are slimmer than they were a few years ago – meaning there's not as many opportunities to "close the gaps" on mortgages as there were before. For example, back in the mid-2000's, flipping houses was all the rage.  If you had enough for the initial investment, you could make massive sums of money, and relatively quickly, to boot! Today, flipping has started to rise from the ashes, but it's not nearly as popular as it once was.  And, until the housing market gets back on its feet, it won't be the quick source of money that it once was. So, what are your options in today's economy if you want to enjoy your golden years without a mortgage hanging over your head?

1.  Increase your monthly payments now
By paying a little more now, you can get your home loan paid off sooner.  If you don't think you have extra money to pay now, think again. Remember, mortgage rates are at all-time lows. Take the money you're saving on interest, and put it towards higher monthly payments. That way, you won't necessarily need to spend more money than you had originally budgeted.

2.  Cool it with additional debt
Just because banks are starting to write more second mortgages and home equity loans again doesn't mean you have to take advantage of them. Instead, find ways to pay for things without taking out a loan. Even if it means cutting back on "fun" spending now, you'll thank yourself later!

3.  Don't forget about your retirement savings
Even if it feels like retirement is still a long way away, it's not. If you don't put money towards your retirement savings now, you're going to regret it later. In fact, make your retirement fund part of your monthly budget – just like your car payment or your grocery bills. That way, it will get the attention it deserves!

As long as you learn to work WITH the current economic landscape (and adjust your finances accordingly), you may not have to be tied to mortgage payments all through your retirement!



Media Contact: Daniel Torelli RealtyPin.com, 514-836-1432, daniel@realtypin.com

News distributed by PR Newswire iReach: https://ireach.prnewswire.com

 

SOURCE RealtyPin

About PR Newswire
Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Enterprise Open Source Magazine Latest Stories . . .
We often get asked “Should I use GridFS for file storage with MongoDB”. As with most things, the answer is a staunch “it depends”. GridFS looks like a great idea on paper - a virtual filesystem held within MongoDB which allows for larger than 16MB files to be held, synced and replicat...
The supply chain is evolving, and buyers need to analyze and predict, but also to manage risk. When Capgemini's business information management (BIM) practices unit needed to provide big data capabilities to its insurance company customers, it needed to deliver the right information t...
Some people believe good or bad things always happen in threes. I believe you will always be able to find three (and probably more) things that are good or bad and somewhat related, but sometimes I get surprised by the apparent coincidental appearance of several closely related “things...
This article defines long polling and presents a few techniques on how long polling could be used in Spring MVC web applications. Discussion covers both the AJAX and the server part of the solution as well as outlines a few possible options for implementation. The article compares perf...
Red Hat, Inc., on Wednesday announced that it has signed a definitive agreement to acquire eNovance, a provider of open source cloud computing services. Combined with Red Hat’s existing leadership in OpenStack, the addition of eNovance’s systems integration capabilities and engineering...
Hear from Red Hat leaders and industry experts on Tuesday, June 10, 2014, at 11am and see how Red Hat Enterprise Linux continues to deliver unmatched customer value, increased efficiency, and true strategic advantage for global customers across every industry. Attendees will learn mor...
Subscribe to the World's Most Powerful Newsletters
Subscribe to Our Rss Feeds & Get Your SYS-CON News Live!
Click to Add our RSS Feeds to the Service of Your Choice:
Google Reader or Homepage Add to My Yahoo! Subscribe with Bloglines Subscribe in NewsGator Online
myFeedster Add to My AOL Subscribe in Rojo Add 'Hugg' to Newsburst from CNET News.com Kinja Digest View Additional SYS-CON Feeds
Publish Your Article! Please send it to editorial(at)sys-con.com!

Advertise on this site! Contact advertising(at)sys-con.com! 201 802-3021




SYS-CON Featured Whitepapers
ADS BY GOOGLE