Reverse Mortgage Fund Your Golden Years Reverse Mortgages Offer FreedomYou deserve to enjoy your retirement years. A Home Equity Conversion Mortgage (HECM)also known as a reverse mortgagecan help you find the financial freedom you need.Well cover the basics to help you decide if its right for you.What is a HECM and how does it work?A HECM is a federally insured reverse mortgage that offers borrowers more protection than non-HECM loans. HECMs use home equity to pay your outstanding mortgage while eliminating your monthly mortgage payments.* Depending on how much equity you have, a HECM can also provide extra funds as a lump sum or line of credit.        Available to borrowers 62 and older (non-borrowing spouses may be younger)        Available for primary residences        Borrower retains full ownership        Doesnt prevent the home from being passed to heirs       Loan repayment is never more than the value of the property*Borrower must continue to pay property taxes, homeowners insurance and maintenance costs.Will HECM income affect my retirement benefits? HECM funds are considered loan proceeds, not income, so they wont affect Social Security payments. However, needs-based programs such as Medicaid and Supplemental Security Income may be affected.How can you use a HECM? A HECM isnt just for those experiencing financial hardshipalthough it can certainly help in those situations. These loans can also help those doing well achieve more.You can use a HECM to:       Pay off existing mortgage and eliminate monthly mortgage payments*       Pay for everyday living expenses and or       Pay for a home remodel       Cover health care costs and/or provide for in-home care       Pay for the trip of a lifetime        Fund a grandchilds school tuition       Fund investments and/or long term care policy       There are no restrictions on how you can use the funds       Silver divorce       Fund the purchase of a new home  What if Im ready for a new home?We also offer a HECM for Purchase loan that lets you buy a new home without incurring monthly mortgage payments. This is a great option if you need to move to a smaller home, find one that is single-level or upgrade to a home with room for family. Who repays a HECM loan? A HECM doesnt need to be repaid until the borrower (and non-borrowing spouse) permanently leave the home. In most cases, HECMs are repaid by selling the home once the borrowers no longer live there. Neither you nor your heirs will be responsible for repaying more than the value of the home. We now have new proprietary (non-government) reverse mortgage options (minimum home value $400K) available to borrowers age of 55+ with some very exciting new benefits!A reverse Mortgage can improve your life, but there are many considerations.  If youd like to learn more about how a reverse mortgage can help you or a loved one meet financial goals, contact us today.  **This ad is not from HUD or FHA and was not approved by HUD or any government agency.**The loan is subject to foreclosure for failure to pay taxes and insurance to maintain the property and insurance and to comply with the terms of the loan.**Consumers remain responsible for property taxes, homeowners insurance, and home maintenance.  

A Time and Season for ChangeWith nearly 80 million baby boomers approaching the estate planning phase of their wealth cycle, the focus has shifted from wealth accumulation to wealth distribution. If you are an investor that owns rental property or other types of investment real estate, you are likely in a season of life where it's time to transform highly appreciated and actively managed property into a more secure and reliable form of passive income.  Income that can be used to fund home care, health care, charitable giving, and other lifestyle expenses.  According to the US Census Bureau, nearly 60 percent of all residential rental property is held by senior investors. Most properties are older, requiring hands-on management and ongoing capital expenditures. Further, the children dont want the burden of property management or responsibility for selling properties after the parents have passed. Now, facing a crossroad, older property owners desperately need an exit strategy. Section 1031 of the Internal Revenue Code states that any taxpayer who sells property held for investment purposes or used in an active trade or business can defer taxes provided that sales proceeds are reinvested into one or more qualified replacement properties. While tax deferral is a critical component, it does not solve the bigger issue of eliminating property management. Fortunately, there is a solution that combines 1031 tax deferral with diversified property income and simplified wealth transfer.     In 2004 the IRS approved a co-ownership structure known as the Delaware Statutory Trust or DST. DSTs are pre-structured, cash flowing property interests that allow smaller investors to acquire a fractional interest in larger Class A multifamily residential and commercial properties. With low minimum investment requirements, multiple DSTs can be combined to create diversified portfolios with professional third-party management. Sample properties include Class A apartments, senior housing, medical and healthcare facilities, industrial properties, self-storage, and U.S. government leased properties. DSTs also offer flexible estate planning strategies for target date liquidity needs and transfer of beneficial ownership to the heirs.        As the baby boom generation prepares for the greatest wealth transfer in history, it is critical to preserve assets through strategic tax planning and income protection.  A carefully planned portfolio of DST property investments can compound wealth through 1031 tax deferral and generate passive income for living, giving, and legacy estate planning. Senior real estate investors have worked a lifetime for Return-On-Investment and now it is time to experience Return-On-Life!  Contact Petra Capital Properties to learn how you can unlock financial freedom and finish life well through 1031 tax deferred DST passive property investments. Editors Note: This article was submitted by Brad Watt, Founder & CEO of Petra Capital Properties. He may be reached at 719-649-7770 or by email at bradwatt@petracapitalproperties.com For more information visit: www.PetraCapitalProperties.com *Distributions are not guaranteed. Securities offered through Saxony Securities, Inc., Member FINRA/SIPC

In the realm of senior therapy, the integration of music and arts stands out as a transformative approach to holistic well-being. Recent studies highlight the profound cognitive benefits that music can offer to seniors, from stimulating memory recall to enhancing overall cognitive function. Whether through familiar melodies that evoke cherished memories or the joy of learning a new instrument, music becomes a powerful tool for self-expression and connection, particularly for seniors facing cognitive decline. Simultaneously, engaging in visual and performing arts provides an avenue for creative expression, offering a sense of accomplishment and purpose. The emotional impact of these creative endeavors is equally significant, alleviating feelings of loneliness and fostering a sense of community through shared experiences in choir singing or art classes.In essence, the incorporation of music and arts into senior therapy transcends mere entertainment, becoming a vital aspect of promoting the overall well-being of older individuals. By tapping into the creative spirit, seniors can find avenues for cognitive stimulation, emotional connection, and a renewed sense of purpose. As society recognizes the importance of a comprehensive approach to senior care, the role of music and arts in therapeutic practices emerges as a valuable and enriching endeavor for the aging population, contributing to a fulfilling and vibrant later life.