Reverse Mortgages…..

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For reasons that aren’t particularly important, the subject of reverse mortgages have been recently discussed among my friends. When I wrote, Your Room at the End: Thoughts About Aging We’d Rather Avoid, I touched briefly on the topic. At that time, reverse mortgages were fairly new and there were some issues that seem to have since been smoothed out. As with any major financial decision, consulting an expert is strongly advised. In general, a reverse mortgage is good for certain categories of individuals and not suitable for others. In a nutshell, a reverse mortgage is sort of what it sounds like. A financial institution “mortgages” your home for a percentage of the appraised value (usually a pretty high percentage). You can take the money of that value in multiple ways which I’ll get to in a moment. You do not repay the mortgage until you move from the home. In the event all individuals who signed the reverse mortgage pass away, the estate is to repay the mortgage. That would ordinarily mean the house is sold by the estate and like any other sale, if the value is greater than the amount owed, the estate keeps the balance. If the market is weak and the property cannot be sold for the amount owed, the financial institution cannot go after any source of payment except the estate. In other words, if you have heirs who don’t want to pay off the mortgage to own the house, they do not assume that debt.

Okay, getting money from the reverse mortgage usually comes with four options; a lump sum for the entire allowed amount; a monthly payment spread out over an agreed-upon time; a line of credit, or a combination of options. It’s important to remember this money is not taxable. Which option suits you will depend on your circumstances. The point to a reverse mortgage though is to allow you to remain in your home and the requirement is you must keep the home maintained, carry insurance and pay your property taxes. So, when deciding how to take the money, you have to make sure you can fund those items.

There are usually three areas that trip people up. There will be some costs to taking out the reverse mortgage just as with any other type of mortgage and this amount is usually subtracting from the final amount allowed. Your home may not be worth what you think it is, and therefore, the final amount may be less than you anticipated. As you age, in all likelihood, you will require more assistance in maintaining the house, and that usually incurs costs. Depending on your age, you could easily remain in your home for 20-30 years. Another important point is the bank cannot “call” the mortgage as long as you maintain the house, insurance and pay your property taxes.So, let us say whatever amount of money you received is spent and you are still in your house. That’s okay as far as not repaying the mortgage goes. If, on the other hand, you have not set aside adequate money for the minimum upkeep, insurances and taxes, the bank can foreclose. When people take the lump sum or even have a multi-year payout, they don’t always apply the money in such a way to ensure they can cover these costs.

All of this is a general overview and everyone’s situation has unique aspects, but if you have no one to leave your house to, a reverse mortgage could be a useful financial tool. The specifics and rules do change, but it might be something worth exploring.

 

A Pleasant Show…..

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Not everyone enjoys home improvement shows although they have certainly gained in popularity over the years. A friend got me started on Fixer Upper (HGTV). Joanna and Chip Gaines are a couple in Waco, TX who live on a farm with their four children. Farm as in animals and acreage, not crops. Cows, chickens, goats, dogs and cats around and I’m not sure what else.

They do all different size projects and unlike some shows there is no attempt to create drama. The backstory piece is their own family life which is filled with such a strong sense of family. In some cases, the clients’ story has extra meaning as in one episode I recently watched. An older couple had spent a lot of time in either missionary or just humanitarian work in some remote places. As is common with people who do these things, they were not wealthy and their house budget was limited. They wanted a small place they could settle in and picked what was not much more than a cottage with a detached garage. They were headed back out for however many months to Uganda where they lived in less than 200 square feet as they helped the village residents. They left the coordination and most decisions for the remodel in the hands of their adult children. The work was progressing well with the decision made to convert the detached garage into a separate sitting/reading room. The completely heart-warming part was a number of their friends came together when they heard of the plan and donated money and materials to add a nice master to the cottage. They were able to keep this and the conversion of the garage as a surprise and instead of the one-bedroom home the couple expected, it was a charming two-bedroom with the additional bonus space. Needless to say, they were overwhelmed with the generosity.

 

Little Weird Things in Life…….

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Those of us who live in warm climates quickly adapt to wearing sandals pretty much all the time. In my case, it has a dual benefit because I wear a 4.5 in closed toe shoes. I’ve posted before about how difficult it is to find shoes and with sandals, I can often wear a 5. Not that the selection in that size is extensive, but it’s certainly better than with the 4.5. Anyway, several weeks ago, I managed to somehow smack my uncovered big toe against a door jam. The momentary pain got my attention and then I realized the little sucker was bleeding a fair amount. I took care of that and as expected, it was mildly sore for a couple of days. Not too surprisingly considering the amount of blood involved, the nail then turned that blue-black color although it was no longer sore.

I didn’t think much about it and as it was healing, there was a bit of extra thickness to the nail. Again, it wasn’t drastic and I wasn’t paying much notice to it. A couple of days ago, I slid my feet into sandals and felt something odd – not pain – just odd. That was because my old toe nail popped off. It was very much like something molting and I have to admit I was startled. I gently pressed the new nail, but if felt fine. At least the half of it that had grown. I looked closer. Apparently, the nail grew to a certain length and the skin that isn’t currently covered toughened as well. I guess the rest of the toenail will grow eventually. I suppose this is all normal since I’ve never had anything like this happen before.

The Scientific Method….

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Serious content alert. If I had been good at math (an interesting aspect of my youth I will perhaps address in a future post), I would probably not have followed my sister’s fascination with science and leaned more toward engineering. However, because she not only fixed on science at a young age and had a wonderful female mentor (rather unusual at the time) and she married a scientist, and I went into the military where science and engineering are more prominent than people often realize, I’ve been exposed to quite a bit of science during my life. Generally speaking, in the scientific method, you develop a hypothesis, determine how to test the hypothesis, conduct the tests, gather results, analyze results, either prove or disprove your hypothesis, or determine your testing wasn’t adequate and you “go back to the drawing board”. Another important element is the ability to duplicate results by independent means. If you, as a scientist, “prove” something, any other scientist following what you did should arrive at the same or very similar results. When you have credentialed scientists who give opposite expert opinion about the same matter, a very large “Huh?” should be raised.

Hubby with his background of applied physics and nuclear engineering and I have a standing joke about cold fusion which made quite a splash a number of years ago. It was such an appealing idea, it was written into numerous novels and movie scripts. Since as the TV show “Mythbusters” often demonstrated, “Hollywood physics” are not required to hold up to reality. The cold fusion “success” did not hold up to replication and the joke between Hubby and I is, “Just because it wasn’t true doesn’t mean it can’t ever be true. After all, the laws of physics as we know them might have other secrets waiting to be discovered. (My point, not his).

So, when there are opposing scientific views, the old adage of, “Follow the money”, may very well be appropriate. If sizeable sums from either government or corporate sources are involved in a particular desired outcome, well, how one interprets data may not be entirely objective. As for “soft science”, that is indeed another subject.

The Thing About Scuba…..

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Like many adventure sports, scuba is not for everyone. From a physical perspective, there are few conditions that prevent one from diving. Since Hubby entered into working with “adaptive” scuba for those with situations such as paraplegic, amputees, etc., he has in fact gained an even greater understanding of the physiological aspect of scuba in addition to already understanding the physics. An example of something that had never occurred to either of us if is you have an individual who is paraplegic, there may be the associated inability of the individual to assess hydration. When you are on the water in the heat, hydrating is quite important. Therefore, in a situation such as this, you have to keep watch and perhaps remind the individual to consume water or other appropriate beverages. In actuality there are only a few physical barriers such as someone who has ear issues and therefore can’t manage the pressure involved with diving. Exercise-induced asthma is another one that in general is  risky to try to manage. Severe claustrophobia is another because the mask causes too much of an issue.

Aside from physical, however, there are individuals who have either had a bad experience or a high level of anxiety for whatever reason. Interestingly, when Hubby started teaching younger students (they lowered the minimum age from twelve to ten), he discovered there were times when he had to approach training from a slightly different angle. In some cases, the student was quite open about a particular fear and in others, it would come out in conversation. By more or less coincidence, Hubby adapted this technique to adults who seemed to be extra anxious about diving. Mostly, these individuals fall into the broad categories of a) doing this for the sake of a diving companion or b) was always intrigued, but couldn’t define actual anxiety. While there may be similarities, every individual is different and often quietly working through the anxiety enables the individual to identify the root cause. Although it isn’t always successful, he has had mostly success.

When people who have never been diving ask me, I suggest the one-day “Discover” course (it’s called different names) as the best approach. It does add an extra layer of cost if the individual goes on through full certification, but it also adds an extra layer of confidence because one of the most difficult aspects of learning to dive has already been accomplished. That, by the way, is taking the first breath underwater. Intellectually, our brains might cognitively understand it’s okay, but another part says, “Whoa, what do you think you’re doing?” It happened to me and it was the strangest sensation. It’s a very common reaction and instructors are fully prepared for it with a new student. And as much as I love to dive, I realize not everyone feels the same way. For some people, snorkeling is the answer as a means to enjoy beautiful reefs and fascinating marine life. For others, going to a nice aquarium is the answer.

 

 

This May Sound Really Odd….

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Okay, as I have explained in previous posts, I’m cautious when writing my novels to make everything as realistic as possible when crafting different scenes and plot points. The Internet is a terrific asset, and as I bookmark different sites, my “Favorites” list has some very odd combinations. Lord knows if I’m being monitored, I’m probably on a watch list or two. With that said, for reasons that will become apparent when I publish Shades of Deception (scheduled for the fall), I was researching retention of organs after autopsy. I ran across http://www.sciencecare.com that addresses body and organ donation to science.

Hubby and I have been organ donors for years and intend to be cremated. Last time I visited with my sister, she mentioned they will be leaving their bodies to the medical institute where she has worked for more than forty years. The site I referenced above explains how you can combine both organ and body donation. From the looks of the site, it is incredibly well-organized and there are aspects to this type of donation that never occurred to me. I also did a quick search to see if there were any negative reports around about them and didn’t find any. That doesn’t mean there aren’t any, merely that the first pass was clean.

I intend to check into them some more and will re-post if I find anything alarming. If not, we may very well change our end-of-life plans. I totally understand this is not the sort of thing everyone agrees with, but for those of you who are interested, you might want to take a look.

Lovely Day Diving….

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Green Moray Being Cleaned (Key Largo Reef)

Last year I allowed way too many things to interfere with diving. I made the decision to try and get out once every 4-6 weeks, and 2016 going into 2017 has been better. Since I actually work seven days a week, taking part of one day once a month (or so) isn’t what one would call unreasonable. Anyway, Mother Nature has not been kind to the charter boat people over the past several days, but it all came together nicely today. In fact, our first dive was at a site that is quite popular although not usually as interesting as numerous other spots. Today was the exception with better underwater visibility than past dives there and a cluster of groupers you don’t often see. You get one-to-three groupers cruising around on a reef most of the time. Today there were about a dozen, and a mix of types. Okay, there no Goliath was among them. Still, it was impressive. And of all the variety of parrot fish, the midnight parrot is my favorite with their dark blue coloration. About half a dozen of them came by. Unfortunately, I don’t have a photo in my gallery to show how pretty they are. The other treat was a free-swimming green moray eel. Although he wasn’t as big as the one in this photo, he wasn’t much smaller. They are nocturnal and tuck into the rocks during the day, so when you find one out in the open for a while, they’re fun to watch. I think hubby got video of him – will have to see later.

The water temperature is increasing as it does this time of year and is at 75, which isn’t bad. Since I missed both Jan and Feb for diving, maybe things will work out where I can squeeze in one more day in March and be back on track for an annual total. We’ll see.

Writing Musing….

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As I have mentioned, other projects have delayed me in getting a new novel out, but there will be one in early summer, although very different from anything I have done before. I am also returning to Verde Key and Detective Bev Henderson for those who have missed her. The other day was a great example of how shifts in plots can occur. There are some tricky twists in this one – Shades of Deception by the way – and in trying to set up a particular plot point, I suddenly realized I could branch along a slightly different path and solve two problems. All my fans know I strive to keep my characters “in character” and not leave the reader thinking, “Why did that happen?” I was having difficulty in getting Bev from “Point A to Point B” in a logical fashion. Also, my antagonist – rather creepy I might add – was setting up not quite as I wanted. Now that I have both situations in hand, things are flowing more smoothly.

Most of the time I have all the major plot points laid out early in the process, but not always. Georgina’s Grief is a good example. I literally had to come up with an extra character, or two as it turned out, to kill off in order to make things work. They weren’t particularly likable though, which I did because their only function was to get killed anyway. I try not to do away with “nice” people, although it is sometimes necessary. In a few cases, I admit, I’ll be sitting at the computer weeping as I “do the deed”. Such is the life of both authors and characters. Shades of Deception should be out in the fall.

Oops on the Gap….

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I managed to let a couple of extra days slip by without posting and could say I’m not sure how that happened except I do know. I’ve had overlapping deadlines and am juggling several other projects and let the calendar slip a bit. On the other hand, I certainly don’t get bored. I caught up with a friend by phone whom I hadn’t spoken with in a while and have been looking at different travel arrangements I need to make. No exotic locales this time – all family or business related. Our son, who as most of the regular followers know, is with the Bowen McCauley Dance Company in the DC area. (http://www.bmdc.org) We try to go up to see him perform at least once a year and there’s almost always a performance close to our granddaughter’s birthday. It’s a little later this year being in May about six weeks after, but that’s close enough. The performance is ordinarily at the Kennedy Center’s Terrace Theater, but that’s being renovated. The Lansburgh Theater is in a different location which means managing new logistics. It’s supposed to be a nice venue and is where the Shakespeare Company often plays. It’s very much “in the District” not too far from the Capitol and the National Mall. Although we spent a fair amount of time in the area, we almost always took the Metro in. I don’t recall us being near that theater, but if we take the flight I think we will, there will be adequate time to scout things out.

The trip I’ll be taking to Wisconsin the following month is to present at a quilting guild and then go to see my friend whom I called the other day. I wasn’t sure if everything would come together and as she said, she didn’t want to get her hopes up. It looks as if it will all “sync” nicely and I am looking forward to it.

De-cluttering…..

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I know people (okay, mostly women) who are immaculate housekeepers and I certainly was raised doing chores that included dusting and vacuuming almost every day. We also didn’t live in a huge house and with five people, it did get rather messy just with everyday life. I look around now at the clutter I’ve allowed to accumulate and am torn between trying to set aside time to deal with it and the idea of, “When does clutter become comfortable?” Now, as I have posted previously, Hubby and I have very different definitions of clutter and we’re going with mine. Part of the issue in and around my study is I have to keep a certain number of books on hand for ready inventory. And since I have published quite a few over the years, that inventory begins to add up from a space perspective. The other thing is we still have quite a few cold weather clothes. Once upon a time when we thought we would be leaving South Florida, it made sense to keep them. After we made the decision not to relocate, we could easily give away two-thirds of them and still have an adequate wardrobe for visiting cold places. The problem here of course is no one in the area needs clothes this warm. Each year I consider driving up to see the kids so we can haul a bunch of stuff north, but it is a long, long drive and it always seems easier to fly.

Anyway, the point is I seem to be dwelling on the idea more which probably means I should do something about it. Or, who knows, perhaps the old theme of, “Spring Cleaning”, is simply resurfacing from the days of my youth.