REAL ESTATE, Uncategorized

BOOMERS’ STUDENT DEBT and other interesting stuff…

Boomers having fun

Boomers having fun

Baby Boomers and student loans and Bankruptcy: Baby Boomers, Seniors are struggling with student loans, most incurred on behalf of their children or grandchildren. What a great people we are. Our parents and grandparents love their children and grandchildren so much that they would incur debt to insure their progeny get an education that may secure good jobs. But what happens if Boomers and Seniors find themselves in financial trouble in their golden years?

Relief from student loans is limited. They are no longer dischargeable in a bankruptcy but many courts including courts in New Jersey may allow the loan to be discharged as a result of undue hardship. If you are carrying student loan and are facing bankruptcy consult a bankruptcy attorney as soon as possible to find out what your options are.

Reverse Mortgages: Are you 62 or older and find yourself falling short of funds? Are you afraid you will not be able to keep your home? Do you just need a little more money to age in place comfortably? Then a reverse mortgage may be for you. Generally, if you are in good health and intend on staying put for several years the costs associated with obtaining a reverse mortgage may be worth it. There are some misconceptions about reverse mortgages. Before you decide on a reverse mortgage consult with an expert, know your pay-out options (e.g. Line of Credit, Monthly Payout, Lump Sum, Standard, Saver, HECM for purchase of a new home). You will be required to go to housing counseling before you decide on a federally insured reverse mortgage which in my opinion is a great idea. Visit HUD’s website or call 1-800-569-4287.

Just some headlines from Senior Journal that I found of interest:
Spanish Study of Sex Life of Elderly Finds Men Much More Active Than Women

Sexual Satisfaction for Older Women Increases with Age into 80s

Older Adults Using the Internet are More Likely to Engage in Cancer Prevention Behavior

More than Half of Senior Citizens – Age 65 or Older – are Finally Online

Obama Administration Proposes 1.9 Percent Cut in Medicare Advantage Payments
Check out some valuable information for Boomers and Seniors at:



ImageSageing rather than aging.  This is the new mindset of people entering the next stage of life.  The BOOMERS.  What a great generation.  What a great club to belong to.  I personally love the idea and the characterization of the new lifestyle of Boomers.  Although I am considered a Gen X, I am on the cusp of being a Boomer having been born in 1965 and quite honestly I think of myself more as a Boomer.  I relate to the Boomers well and fancy myself a Late Boomer (pun intended).

We always looked up to our elders when we were kids.  Sometimes the elder was our 30 year old school teacher or 50 year old President or our 40 year old dad or mom.  They were wise.  They were our sages.  Recent movies have various Sages be it a Yoda character, a Marlon Brando Godfather figure full of wise advice for his children, a religious figure or even our children or grandchildren can at times come out with “sage advice”.  But we, the Boomers have risen to that next level.  We are the sages of this generation and that is why I love the recently coined term Sageing.  Sageing not aging.  A sage is wise and introspective.

Sageing is introspection simply put.  It is utilizing our years of experience and doing something for ourselves.  Opening a business we always wanted to open perhaps or taking up a hobby we never had time for or sharing our wisdom with kids in a classroom setting or via a webinar or YouTube.  It might be writing a novel or cookbook.  Playing golf or just watching the grass grow.  It will be whatever you want it to be.  After all we are Sageing not aging.

Live life to its fullest the best way you can. My dad always says “knowledge is the key to success and power”, that is sage advice.  I am offering resource information free of charge to anyone interested.  No charge.  No catch.  Please feel free to email me and request my list of “Boomer Websites” or one or all of the following Certified Senior Advisors Guides:

“Information for Life Kit” with attached forms to fill in providing you and your family members with vital information on finances, medications, asset lists, medical advance directives and so much more.  This booklet has been invaluable to me and my family. 

“BASICS” – things you need to know about Social Security, Medicare Supplements, Medicare, Medicaid, In Home care, Long Term Care Insurance and Senior Housing; and for our Vets –

“Understanding Veterans Benefits” a resource for Seniors. 

I am not selling anything. These resources from CSA are provided free to you.  Knowledge is a powerful thing.

I am a licensed REALTOR® Associate with Exit Prestige Realty in Freehold.  I serve the people of Monmouth and Ocean Counties.  If you are planning on buying and/or selling a home contact me for a free Comparative Market Analysis and consultation.  You may contact me by phone, my cell is 732-492-7126 or e-mail me at or visiting my web site at


Have a great weekend and love life – it is good.



ImagePRESS RELEASE: Howell, New Jersey

February 22, 2014 – Edward Monti, REALTOR® Associate with Exit Prestige Realty serving home sellers and buyers in Monmouth and Ocean Counties, has been awarded the Seniors Real Estate Specialist (SRES) designation by the Seniors Real Estate Specialist Council of the National Association of REALTORS (NAR), REALTOR® University. 

This designation is only given to agents that successfully complete a comprehensive course in understanding the needs, considerations and goals of real estate sellers and buyers age 55 and older.  The SRES course, designed and conferred by the National Association of REALTORS®, addresses topics such as distinguishing characteristics and trends related to the 55 and older population, housing, finance and retirement income considerations of those consumers; outreach methods for building 55 and older clientele; and counseling strategies to help clients and customers (and their family and friends) plan ahead for life transitions.

Ed has over 11 years in the real estate industry working as a paralegal, buying and selling homes and in real estate speculation.  Additionally, Ed has worked in the financial sector for over 17 years and as an entrepreneur for more than four years.  Ed enjoys serving the people in his community and beyond and has reciprocal relationships with industry experts and REALTORS® throughout New York and New Jersey.  He looks forward to helping the people of Monmouth and Ocean Counties realize their real estate dreams.  Ed resides in Howell, NJ.  You may contact Ed by cell at 732-492-7126, e-mail at  or by visiting his web site at