Archives for February 2012

Making the Move Easy On the Kids

Most often, a move represents an important step forward for the adults in the family because of a new job, promotion, transfer to a different office, or financial success has allowed them to buy a more comfortable house in a different neighborhood.

Moving from one house to another is seldom easy and enjoyable for adults (who chose to move), and can be especially troubling for children (who prefer to stay where they are). But if parents are mindful of their children’s concerns and needs, they can minimize distress and discomfort.

A Move Affects Children and Adults Differently

People typically live in a house for about five years and then move on as their jobs and incomes allow. Five years is a small percentage of an adult’s life, but it’s half the lifetime of a 10-year old: It includes almost all the years he or she can remember. It may be the only home the child’s ever known, and the place s/he feels most safe and comfortable.

A house is much more than a place to live to children. It’s the center of their world, associated with familiar activities, sights, and sounds. A move threatens a child’s security and leaves something unknown in its place. Their friends, and the familiar streets, schools, shops, trees and parks are gone. The new neighborhood is someone else’s world.

The impact of a move on a child starts about the time he or she first hears about it, and often continues until the new house becomes home. It’s not necessary to tell young children about this big change immediately, although they must hear about it from their parents before someone else tells them.

Expect that your children may be even more distressed after the move. The new house will not be comfortable or beautiful the night the moving van leaves, or for months after. The furniture won’t fit the rooms, and the floor will be covered with half-unpacked boxes. The children won’t know anyone at school and, if you move during the summer, they may have little opportunity to meet others their age. They’ll need your help: Plan ahead to support and comfort them and ease the stress of the move.

Easing the Stress of the Move

Young Children Have Special Needs

Describe the move in a truthful, positive way. Tell upbeat stories about the benefits of the new house and location. Plan together to make the new setting feel like home:

  • Ask about their favorite activities (e.g., soccer), and plan to investigate youth programs in the new community.
  • Ask what they like best about the present house (e.g., the swimming pool) and assure them that you’ll find a place for them to swim in the new town.
  • Ask what they like best about the neighborhood (e.g., their friends), and make plans to invite the children on the block to a Welcome To the Neighborhood Party once you’ve settled in.
  • Ask what they like the most about their school (e.g., their teacher), and let them know that you’ll request a tour of their new school and a chance to meet their teacher beforehand.
  • Ask what they like most about their community (e.g., the video game parlor), and assure them that those activities will be available in the new location.
  • Use children’s literature. Books can help children prepare for and understand difficult situations. Story characters who model successful coping strategies are an excellent resource for children.
  • If the new home is too far away for the entire family to visit, show the children pictures of the house, yard, and neighborhood. Videotape it if you can. Include pictures of each child’s new room.
  • Ask the children to name the house with an inviting description, like “Oak Hill,” for the big trees and sloping lawn.

Young children need protection from fear of the unknown. Listen carefully to their concerns and respond quickly to relieve their apprehensions. It’s normal, for instance, for a young child to worry that his or her toy box and shelf of stuffed animals might be left behind. Uncover those anxieties by actively involving your children in the process.

  • Don’t just promise to let them decorate their own rooms – take them to the paint store and let them bring home color swatches. Shop together for bedspreads and towels and carpets.
  • They must leave old friends behind. Plan a going-away party and let them invite their own guests to bring closure to that parting.
  • Take pictures of everyone and make a photo album. If a child is old enough, send him or her out with a roll of film in the camera and the assignment to photograph the scenes he’ll want to remember.
  • Give each of them a long-distance telephone call allowance so they can keep in touch with people who are important to them.
  • Buy a stack of picture postcards that show positive views of your new community and encourage them to write messages to the friends and relatives they left behind.
  • Try to pack children’s things last and include them in the packing process.
  • Keep security objects such as a favorite teddy bear or blanket close by. Keep your routine as normal as possible. Regular eating and nap times are important.

Encourage children to get outside and get to know the people and the neighborhood. Encourage older children to distribute fliers for babysitting, lawn care, or car washing. Encourage them to participate in school activities that appeal to them. Get them on sports teams and into clubs. Throw a housewarming party for yourselves and invite all the adults and children on the block.

Teenagers

Most teenagers see themselves as adult members of the family, and may feel disrespected if they don’t hear about the move early in the process. Also, they’ll need time to work through the ordeal of leaving their friends. Ending relationships and saying goodbyes takes time, and is best done before the move. Some relationships will be extremely difficult to bring to an end, and these will require thoughtful, personalized planning. How, for instance, do you move a 17-year-old a thousand miles from her steady boyfriend?

Even though teens seem more advanced in their social skills, they may worry a lot about making friends and fitting in. Visit their new school and check out local activities and employment opportunities for young people.

Communities have their own culture and way of doing things, and this is often reflected in the way teens dress. How they look is really important to teens. Before spending money on a new school wardrobe, your teen may want to observe what’s “in.” Purchasing a few new outfits can often help a teen feel more comfortable.

It’s particularly important to let teens known that you want to hear about, and respect, their concerns. Blanket assurances may seem to your teen like you’re dismissing his or her feelings. It may help to explain that the move is a type of rehearsal for future changes, like college or a new job.

At any age, get help if emotional problems arise. Ask a teacher for assistance. Consider professional counseling. Don’t let a serious problem slide.

Eventually, the strangeness and temporary discomforts should diminish. New friends will become good friends. The new house may become the family gathering place that your grandchildren will visit on holidays. In the long run, everything will work out fine.

an exerpt from By Referral Only

Is a Reverse Mortgage Right for You Or Someone You Know?

An economics professor once said, “Capitalism works best in an economy of creeping inflation.” If you’ve ever wondered why prices keep rising, well, that’s capitalism doing its job. But that’s not what this report is all about – it’s about reverse mortgages.

So what do the two have in common? I probably don’t have to tell you that prices are constantly on the rise, and if you’re on a fixed income, such as retirement earnings, you just can’t keep up. You start looking for other sources of income. Do you go back to work? Do you borrow money? Do you cut back on the things you love to do?

Or…what if you didn’t have a house payment at all? Instead, what if your house was paying you!

This is where a reverse mortgage comes into play – and it might be right for you or someone you know. Basically, a reverse mortgage pays you money based upon how much equity you have in your house. It’s a way to convert some of that hard-earned equity you have into cash you can use every month. The safety of a reverse mortgage means you will never owe more than what your house is worth and the appreciation of your house will offset most of what you owe.

A reverse mortgage lets you stay in control of your money. You decide if you want a lump sum, monthly payments, an equity line, or a combination of these payment methods. Better yet, your income from this is still considered tax free.

The great thing about a reverse mortgage is that your age qualifies you, not your income or credit. The borrower and co-borrower must be 62 years of age or older, and must receive consumer education from an approved counselor before the loan will fund. This last point is very important because it offers you some protection against the people out there who will try to sell you something you don’t need or want. There are additional requirements, but those are a place to start.

Something else to think about is how much the property is worth and your remaining balance. When you get a reverse mortgage, you have to pay off the balance of the loan before you do anything else. For example, if you owe $100,000 on your home and the reverse mortgage would pay you $125,000, why get the loan? Even though your net gain would only be $25,000, minus any closing costs…you will never have to make a mortgage payment again – that’s an incredible plus to your lifestyle!

Because this is your money, once you’ve paid off the existing mortgage, you may spend it any way you wish. You can pay off debts. You can add to your monthly income with a guaranteed payment for life. You can pay for maintenance and repairs on your home or buy a new car. You can create an emergency cash fund or work with your financial advisor to enhance your financial plan. You can help family members or loved ones by setting up a college fund or helping them buy a new home, or you can use the money for travel, to pursue a hobby, or maybe buy a recreational vehicle – it’s ENTIRELY up to you…and remember, because this is money you already have, you will never have to repay a penny as long as one of you continues to live in your home.

Most reverse mortgage professionals will meet with you personally in your home or at their office to go over the details with you, your family or your advisors, and they will help you complete the paperwork quickly and without pressure.

There are some other things to consider. Reverse mortgages take time and patience, and it’s best if everyone in your family remains informed. You may encounter resistance from your children or other inheritors, because using the equity from your home will reduce their inheritance when you pass on. When they understand that you will improve the quality of your life, that you will never lose your home, that you will never have to make another mortgage payment, and they’ll have the option of purchasing the property when the time comes, they’ll probably support your decision for a reverse mortgage.

If you or someone you know is entertaining the thought of getting a reverse mortgage, your first step is to speak with your trusted mortgage consultant, and from there, with a counselor. The two of them will help you understand all the facts so you can decide whether a reverse mortgage is right for you.

                                                                                                                                                                                     an exerpt from By Referral Only