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SANTA CRUZ SENTINEL FRIDAY, JANUARY 29, 2016 LIVE IT UP! 11 REVERSE MORTGAGE information Countryside Financial Services Receives Countryside Financial Services Questions answered on the phone. Real dollar amounts quoted on the call. FREE - No obligation - JUST ANSWERS! Registered Financial Consultant® Registered Mortgage Advisor California Life Agent #Of20144 BRE #01055168 NMLS #232493 Established in 1978. Donald Dimitruk • 831-464-6464 donald@countrysidefinancial.com YOU CAN SHARE THE DREAM THANK YOU SANTA CRUZ! SANTA CRUZ September 12, 2015 Countryside Financial Services has been selected for the 2015 Best of Santa Cruz Award in the Financial Advisory Services category by the Santa Cruz Award Program. These exceptional companies help make the Santa Cruz area a great place to live, work and play. 2015 BEST OF SANTA CRUZ AWARD Serving Santa Cruz for 37 years! I speak to families of seniors who are interested in a reverse mortgage frequently and they often get concerned when their parents are taking out a reverse mortgage because they think that in doing so they are spending their inheritance. Those concerns are largely unfounded, especially if the reverse mortgage is used strategically and proper estate management is in place. It actually can be a benefit and certainly can beat the alternative of wiping out the IRA. The typical Boomer may have between $750,000 and $2 million of net worth at retirement; they primarily rely on investments in their 401(k) or rollover IRA; and their homes are mostly paid off. First and foremost they want reliable cash flow, meaning they want enough funds to last them through retirement. Second, they also want to retain a financial cushion for any emergency. Third, they want to pass assets onto their heirs and beneficiaries. Research has shown that using a reverse mortgage can significantly enhance the success rate of a retiree's portfolio, especially using a reverse mortgage line of credit earlier in retirement as opposed to using one as a loan of last resort. For a retiree who wants to downsize into a smaller home, using a Reverse Mortgage Purchase Loan will keep more of the cash from a sale by about 50%. This can help them achieve their three retirement objectives while preserving their securities portfolio for many more years and provide a favorable deduction to the heirs following the death of the reverse mortgage borrower. Planning is the key and understanding the options and can only be appreciated by having a personal illustration of the individual plans, loan programs and dollar amounts available for each person. It's usually not what you think. It's much better! Donald Dimitruk is a Registered Financial Consultant and a Registered Mortgage Advisor and is available for a free consultation about how a reverse mortgage may benefit you at Countryside Financial Services, 831-464-6464 By Donald Dimitruk, RFC ®, RMA Reverse Mortgage Heirs Are "DEAD WRONG" About Their Inheritance