[PPT] - A Registered Investment Advisor I NTRODUCTION T ODAY S P RESENTATION PowerPoint Presentation

SLIDE 1

A Registered Investment Advisor

SLIDE 2

INTRODUCTION

SLIDE 3

TODAY’S PRESENTATION

Protecting & Educating Parishioners

Vista Senior Center Volunteer in 2015 started
ffice hours, gave fraud talk
Late in 2015: Euthanasia Law Passed, New

Soc Sec Law, Consumer Reports article “Crying Shame”

OK God I get it! Bring this to faithful.
Warn the public that mainstream financial

services on you rather than rallying for your success.

SLIDE 4

TODAY’S PRESENTATION

Handouts

OWA brochure – sensible, prudent investing
Catholic Health Care Directive
“Protect Yourself from Fraud”
Free Smoke Alarm Program SD County
Catholic/Secular Portfolio summaries
Blog post on our web site with everything;

read online, share with others, print it

We’ll mail you copies of anything you
request. Just let us know.

SLIDE 5

TODAY’S PRESENTATION

“From Scams to Prudent Practices” - Topics

Senior Fraud
Spousal Benefit phasing out – what to do?
Misunderstood & Valuable Medi-Cal LTC
Euthanasia: Protect yourself, Catholic values
Catholic Investing – prudent investing wins

and this can be done in a Catholic way.

The key to all of this – holistic planning with

a prudent advisor held to a fiduciary level of

care. Someone who orchestrates for you.
We will keep discussion to a minimum.

SLIDE 6

TODAY’S PRESENTATION

From Scams to Prudent Practices

Holistic Planning
Indep. Experts–advice review RIA, CFP, CPA
Less chance of ommission.
Valuable advice: “collective wisdom”
Understandable/Actionable Documents
Gentle & kind accountability to executing the

sound advice provided through consistent progress meetings.

Steady progress. “Lather, rinse, repeat”

SLIDE 7

TODAY’S PRESENTATION

From Scams to Prudent Practices

What are the steps to holistic planning?
Step 0: Discovery meeting with OWA.
Five elements are documented that are

critical before you hire someone to assemble your first written plan or DIY - valuable

1. Values – More important than $$/goals -your ”why” 2. Goals – specific tangible financial goals 3. Where are you now financially – starting point 4. Who is currently on your team 5. What are your preferences in an advisor

SLIDE 8

TODAY’S PRESENTATION

Focus on “Fiduciary Hiring Skills”

What advisor attributes to look for?
Are they driven by discovering your

values/goals and maximizing achievement?

Fiduciary duty? (Follow the money!)
Confident Cowboy? or Fiduciary Project Mgr?
Have specific processes to deliver sound

advice? (to deliver sound to achieve your goals not sell their products)

Independent & surrounded with same?

SLIDE 9

VIDEO #1

Let’s begin with a video that demonstrates

the difference between a broker (think Merrill Lynch, Morgan Stanley, UBS, etc.) and a fiduciary Registered Investment Advisor – think O’Reilly Wealth Advisors….

https://goo.gl/lNUJ7

SLIDE 10

MEDI-CAL LONG TERM CARE

(IS NOT A POVERTY PROGRAM)

SLIDE 11

WHAT IS LONG TERM CARE?

ADL’s – need help with 2 or more.
Medicare covers “repairs” – you are sick or

injured, you get better again.

Medicare does not cover long term care.
Besides physical needs – a rapidly increasing

concern is dementia.

Long term care is expensive (e.g. $72k/yr)
Long term care insurance is also expensive

and can be hard to get.

SLIDE 12

MEDICAID, MEDI-CAL

The states have various programs to help

citizens pay for long term care for those that cannot afford it.

Cali is known to have perhaps the most

luxurious program of all 50 states

The published requirements for qualification

are based on assets not income.

Many assets are exempted: home, auto,

certain businesses, vacation property, retirement accounts…

SLIDE 13

MEDICAID, MEDI-CAL

The challenge is non-qualified taxable

accounts – bank, portfolio, stocks, bonds

Most people think of “spending down” to

qualify.

The rules for spending down and moving

assets are very specific and cannot be violated.

Turns out you can get it done much easier.
You need an estate planning attorney that

knows this specific field. (elder care lawyer)

SLIDE 14

MEDICAID, MEDI-CAL

The atty goes to the court and documents

that you need “x” amount over and above SS and your other income.

Let’s say the judge says OK to $4,000/mo or

48,000/year.

Then they use CD’s to determine how many
assets. If they use a 12 month CD paying

1%, then you need $4,800,000 in your portfolio – and you are approved despite having a $4.8M portfolio. Once approved, they do not re-visit the approval process.

SLIDE 15

MEDI-CAL: ESTATE PLANNING

There’s more to it though.
After the second spouse dies, the state will

come back seeking repayment of the potentially hundreds of thousands of dollars.

Your estate planning work requires some

special tweaks for this strategy and the last tweak is that your revocable trust is converted to an irrevocable trust and the government cannot access it. They can get access to a revocable or “living” trust.

Guidance from “elder care law attorney”

SLIDE 16

OTHER IMPORTANT CONSIDERATIONS

This only works in a facility that accepts

Medi-Cal. The trick is to find one that suits you and get your foot in the door without mentioning Medi-Cal.

The very best/newest facilities may not

accept Medi-Cal.

If you demand top notch facilities, this may

not work for you and you may want to consider a two-pronged approach.

Be careful with consultants – the nursing may

pay them for the referral – conflict of interest

SLIDE 17

SENIOR FRAUD

SLIDE 18

SLIDE 19

CONSUMER REPORTS

November 2015

Case Studies – Nov. 2015 issue Consumer
Reports. Available on-line.
Protect Yourself From Fraud
Scams avoided – great – what about “legal

scams”….(these are the larger issue)

How to recognize conflicts of interest which

are legal but usually result in poor results.

How to make the smartest choices about

your money. (Yes, holistic planning)

SLIDE 20

CONSUMER REPORTS

November 2015

Philip Deeb, 77, unscrupulous financial advisor bilked

him out of $186,000

Edna Schmeets, 86, $297,000- swindler with “prize”
Fr. Michael Ortiz, 86, $40,000 swindler with $1.6M prize
Rev. Al Cadenhead, 68, $16,000 IRS imposter
Wade Gardner, 62, $3,000, promised project work
Beth Baker, 87, $65,000 fraudsters say she was saving

her son overseas

Marjorie DeGrace, 77, $9,000, fraudulent contractor
Louise Brown, 68, Man met through dating site, $60,000

to help him with business troubles abroad.

SLIDE 21

CONSUMER REPORTS

November 2015

2010 survey: 1 in 5 taken advantage of financially
FTC reports: Fraud complaints rose 47% 2012-14
Victims are often deeply ashamed
Victims are afraid of reprisals from scammers who

threatened them,

Some may fear losing their independence
Scammers use seniors isolation to take advantage – so

get out in the community like you are now!

SLIDE 22

CA DEPT OF BUS. OVERSIGHT

Protect Yourself from Fraud

This document categorizes different types of fraud and

activities that may be a sign of fraud. The focus is on how to recognize it could be fraud.

A critical step is to “investigate before you invest”
“An investment in knowledge pays the best interest.”

Benjamin Franklin

The most important part of the document is found in the

center – the Check before you Invest form.

Demand that anyone selling you financial products &

service fills the form COMPLETELY and signs it.

Then check them out using the list of authorities

provided.

SLIDE 23

CA DEPT OF BUS. OVERSIGHT

Protect Yourself from Fraud

Never, ever be shy to ask: exactly how much they get

paid, when and how. It’s an absolutely fair question.

OWA says do your due diligence! Ask to be placed into

contact with at least 2 current clients – and once in contact – don’t be afraid to ask direct questions about the experience and results.

OWA says: Yep, you got it – holistic plan that contains

the wisdom of several experts.

SLIDE 24

LEGAL SCAMS

SLIDE 25

INVESTING, YOU HAVE A CHOICE

Investing – Registered Investment Advisor

(RIA)

– Choose to work with someone that must act in your interest not theirs. When it comes to investing, you have a choice to work with a financial products salesperson who has conflicts of interest or an RIA who must fully disclose if they have any conflicts and most do not. – US Gov’t. video (1:05) – Mutual Fund A vs. Mutual Fund B.. – Happens every single day, THOUSANDS of times. – https://goo.gl/L9xtoq

SLIDE 26

YOU HAVE A CHOICE

Conflicts of interest

Most “financial advisors” earn commission

selling products or conducting transactions.

Conflict-of-interest; sell products that are

NOT in your best interest. Max commission, gives tangible rewards or boss is pushing.

“Follow the money” is always a good idea!
Products are “opaque” – fine print -Annuities.
Front end loaded, back end loaded or other

awful terms & conditions, penalties.

Use emotion selling, products die off regularly

SLIDE 27

YOU HAVE A CHOICE

Conflicts of interest.

This is not an indictment of your financial

advisor personally.

They are fine, outstanding people.
Road to ____ paved with good intentions.
Advisors themselves lack understanding
The products and transactions are opaque to

them too, not just you.

If you are persistent on your ?’s, they may not

be able to describe the flow of fees/comm.

I feel for them – but their decisions are resp.

SLIDE 28

SOCIAL SECURITY CHANGES

SLIDE 29

SOCIAL SECURITY

Valuable Benefit Being Phased Out

Budget Act of 2015, passed November 2015
Two claiming strategies being phased out.
“File & Suspend”: Defer your benefits; allow

them to grow (70), allow you spouse to collect on your record (50%) . Typically done at age 66. Beginning May 1, 2016 goes away.

If you are 66 or older by 4/29/2016 deadline

you may want to file & suspend before ends.

Each situation is unique.

SLIDE 30

SOCIAL SECURITY

Valuable Benefit Being Phased Out

Already using? You’re grandfathered.SS

Admin could change rules unpredictably.

We’ve experienced and it’s been reported

that actual SS admin employees are not able to understand the potential claiming scenarios.

We’ve discovered an excellent (though

complex) analysis of the new law and how it impacts individuals and couples in various

situations. Copies available, and at our blog.

SLIDE 31

SOCIAL SECURITY

Valuable Benefit Being Phased Out

Strategy: Everyone’s situation unique.
First, model the social security claiming
strategies. Your advisor should have that
capability. On-line (be careful.)
Include the most promising claiming versions

in your overall financial planning income forecasting.

You need your most recent social security

info, and update forecasts annually based on latest info. Use safe assumptions on inflation

SLIDE 32

SOCIAL SECURITY

A Written Plan; Informed by Experts

Social Security is not a strategy – it’s one

source of income in retirement.

Get a holistic plan in writing, focused on your

goals and with your situation and starting point, informed by experts, implement it, update the plan, and implement some more.

Lather, rinse, repeat.
I would be glad to discuss your situation with

you one-on-one.

SLIDE 33

EUTHANASIA & CATHOLICISM

SLIDE 34

EUTHANASIA & CATHOLICISM

Work With an Competent Estate Planning Attorney who Respects your Beliefs

Use the provided document as a way to

communicate to your attorney what you want.

What are the beliefs? Let’s review the doc:
Death Is A Normal Part of the Human Condition
Euthanasia Is Wrong
Pain Relief
Proportionality of Life-Sustaining Medical

Treatment – review and get help

SLIDE 35

EUTHANASIA & CATHOLICISM

Work With an Competent Estate Planning Attorney who Respects your Beliefs

Physician Orders for Life-Sustaining Treatment

(POLST) to be very specific about what should and should not be done as they near death.

Different from Health Care Directive – done with

the physician very near death. Present all times.

Prepare it congruent with Catholic teachings.
Get help.

SLIDE 36

HOW TO INVEST PRUDENTLY, GET EXCELLENT RETURNS AND STILL ALIGN WITH YOUR CATHOLIC VALUES

SLIDE 37

A GREAT ADVISOR WILL HELP YOU AVOID BEHAVIOR GAP

SLIDE 38

THE RANDOMNESS OF RETURNS: SECTORS

Annual Return (%)

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 Highest Return 54.05 3.63

6.31

50.32 38.05 40.83 39.41 32.88

16.09

61.85 30.53 18.46 32.39 42.85 27.29 45.67 1.41

6.63

41.04 23.25 14.75 21.76 27.51

23.35

53.60 24.87 13.39 29.05 42.82 25.89 38.42 1.31

9.09

37.62 19.24 8.11 19.74 17.18

28.11

50.17 24.16 11.90 24.56 42.68 19.00 26.76 0.86

13.09

34.83 17.94 6.03 17.57 16.56

38.17

35.63 23.38 5.05 19.32 42.03 16.79 7.24

7.11
21.08

32.09 15.39 5.96 15.44 12.58

38.39

33.97 23.16 4.06 16.46 28.45 11.64 0.29

12.77
23.58

26.07 14.39 5.17 15.12 11.95

39.41

24.05 14.46 0.64 15.28 27.95 9.28

14.16
14.86
23.78

24.71 12.53 3.69 14.98 8.05

41.22

20.97 13.39

0.38

13.30 27.34 8.57

25.78
16.67
23.84

19.84 10.10 3.01 11.90 0.20

41.99

15.62 11.81

0.71

10.08 26.28 5.43

35.38
17.44
37.31

18.87 3.51

1.40

10.87

8.69
48.14

14.55 7.31

14.12

4.32 20.38 4.64 Lowest Return

40.14
28.40
38.33

17.43 0.79

6.04

6.65

17.88
51.35

11.76 5.11

16.51

2.19 14.44

8.83

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 Morningstar SEC/Basic Materials

14.16

0.86

9.09

37.62 17.94 5.96 14.98 27.51

48.14

53.60 24.87

14.12

16.46 20.38 4.64 Morningstar SEC/Communication Svcs

40.14
17.44
37.31

19.84 14.39

6.04

39.41 0.20

38.17

35.63 23.16 0.64 32.39 26.28 5.43 Morningstar SEC/Consumer Cyclical

25.78

3.63

23.78

41.04 15.39

1.40

11.90

8.69
41.22

50.17 30.53 4.06 24.56 42.85 8.57 Morningstar SEC/Consumer Defensive 7.24 1.41

6.31

17.43 10.10 3.01 15.12 12.58

16.09

15.62 14.46 13.39 10.08 27.95 16.79 Morningstar SEC/Energy 45.67

14.86
6.63

26.07 38.05 40.83 19.74 32.88

38.39

33.97 23.38 5.05 4.32 27.34

8.83

Morningstar SEC/Financial Svcs 26.76

7.11
13.09

32.09 12.53 6.03 17.57

17.88
51.35

14.55 11.81

16.51

29.05 42.82 11.64 Morningstar SEC/Healthcare 38.42

12.77
21.08

18.87 3.51 8.11 6.65 8.05

23.35

20.97 5.11 11.90 19.32 42.68 25.89 Morningstar SEC/Industrials 0.29 1.31

23.58

34.83 19.24 5.17 15.44 11.95

39.41

24.05 24.16

0.71

15.28 42.03 9.28 Morningstar SEC/Technology

35.38
28.40
38.33

50.32 0.79 3.69 10.87 16.56

41.99

61.85 13.39

0.38

13.30 28.45 19.00 Morningstar SEC/Utilities 54.05

16.67
23.84

24.71 23.25 14.75 21.76 17.18

28.11

11.76 7.31 18.46 2.19 14.44 27.29

SLIDE 39

For illustrative purposes only.

Indexes are not available for direct investment. Index performance does not reflect the expenses associated with the management of an actual portfolio. Past performance is not a guarantee of future results. Not to be construed as investment advice.

MODEL PORTFOLIO: 5 DESIGNS LOW TO HIGH DIVERSIFICATION

Model Portfolio 1 Model Portfolio 2 Model Portfolio 3 Model Portfolio 4 Model Portfolio 5

EQUITY 60% 60% 60% 60% 60%

US STOCKS 60% 60% 60% 60% 30% US Large Cap S&P 500 Index 60.0% 60.0% 30.0% 15.0% 7.5% US Large Cap Value Fama/French US Large Cap Value Research Index — — — 15.0% 7.5% US Small Cap Fama/French US Small Cap Index — — 30.0% 15.0% 7.5% US Small Cap Value Fama/French US Small Cap Value Research Index — — — 15.0% 7.5% NON-US STOCKS — — — — 30% International Value Fama/French International Value Index — — — — 15.0% International Small Cap Dimensional International Small Cap Index — — — — 15.0%

FIXED INCOME 40% 40% 40% 40% 40%

One-Year US Fixed BofA Merrill Lynch One-Year US Treasury Note Index — 40.0% 40.0% 40.0% 40.0% US Fixed (all maturities) Barclays Capital US Government/Credit Bond Index 40.0% — — — —

Diversification

SLIDE 40 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 Highest Return 5.80 8.08

6.46

31.78 15.06 9.07 16.27 6.29

21.22

24.89 13.75 5.37 12.06 22.26 10.58 3.55 5.81

9.18

26.30 11.10 5.78 13.73 5.74

21.40

22.27 12.95 1.96 11.99 21.82 8.15

1.02

0.99

9.84

25.46 9.31 4.15 11.69 4.06

21.90

20.76 12.24 0.00 11.64 18.78 5.19

2.70
3.30
11.19

18.89 8.31 3.92 11.14 3.29

22.27

17.77 11.79

1.59

10.09 18.66 4.37 Lowest Return

3.50
3.91
12.01

17.49 6.85 3.90 10.91 1.61

24.51

16.29 9.66

5.42

9.66 17.57 0.69 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 Annualiz ed Return Annual Standar d Deviatio n Model Portfolio 1

1.02
3.30
9.18

18.89 8.31 3.92 10.91 6.29

21.40

17.77 12.24 5.37 11.64 17.57 10.58 5.71 10.68 Model Portfolio 2

2.70
3.91
12.01

17.49 6.85 3.90 11.14 5.74

21.90

16.29 9.66 1.96 9.66 18.78 8.15 4.63 11.00 Model Portfolio 3

3.50

5.81

11.19

25.46 9.31 4.15 11.69 3.29

22.27

22.27 13.75 0.00 10.09 21.82 5.19 6.31 12.50 Model Portfolio 4 5.80 8.08

9.84

26.30 11.10 5.78 13.73 1.61

21.22

20.76 12.95

1.59

11.99 22.26 4.37 6.99 11.87 Model Portfolio 5 3.55 0.99

6.46

31.78 15.06 9.07 16.27 4.06

24.51

24.89 11.79

5.42

12.06 18.66 0.69 7.12 13.53

MODEL PORTFOLIO: HISTORICAL RETURNS

Annual Return (%)

40

SLIDE 41

WELL KNOWN RECENT EXAMPLES OF “FAILURE TO DIVERSIFY”

The “Lost Decade”, 1/1/2000 – 12/31/2009, (see separate illustration)
The Dot Com Crash (part of the lost decade)

SLIDE 42

EXPENSE RATIOS AS A PREDICTOR OF FUTURE PERFORMANCE

Morningstar study: “If there’s anything in the whole world of mutual funds that you can take to the bank, it’s that expense ratios help you make a better

decision. In every single time range and data point

tested, low expense ratio funds beat high expense ratio funds.” Morningstar concluded:

“Expense ratios are strong predictors of performance.”

SLIDE 43

THINGS THAT I SEE REGULARLY

SYMBOL NAME Exp (%) # issues Turnover Cash (%) ARTMX Artisan Midcap Investor (growth) 1.19 66 51% 5.66% FMAGX Fidelity Magellan (large) 0.68 150 71% 1.27% JAWWX Janus Global Class T Shares 0.87 122 51% 0.90% JSVAX Janus Contrarian Fund ()Mid Cap) 1.02 34 70% 2.26% OAKIX Oakmark Intl Class I (Large Int'l) 0.95 59 48% 2.51% OAKMX Oakmark Class I 0.85 57 33% 5.71% PISRX Forward Int Sm Comp 1.65 112 65% 0.60% How do DFA funds compare? (These funds used in OWA's model portfolios) DFQTX DFA Core Equity 2 0.22 2793 6% 0.16% DFIEX DFA Core International 0.38 4733 7% 0.79% DFCEX DFA Core Emerging Markets 0.61 3686 2% 0.18%

SLIDE 44

DIMENSIONS POINT TO DIFFERENCES IN EXPECTED RETURNS

US PREMIUMS (Arithmetic Average of Annual Premiums)

8.15%

1928–2014

3.08%

1964–2014

2.55%

1928–2014

5.10%

1928–2014

3.46%

1928–2014

1.17%

1973–2014 FIXED INCOME DIMENSIONS EQUITY DIMENSIONS

Market

(Equity Premium)

Company Size

(Small Cap Premium )

Relative Price

(Value Premium)

Profitability

(Profitability Premium)

Term

(Term Premium)

Credit

(Credit Premium)

SLIDE 45

FIVE-YEAR MOVING AVERAGE OF PREMIUMS & VIDEO

Market, size, value, and profitability: US markets

MARKET minus BILLS SMALL CAP minus LARGE CAP VALUE minus GROWTH HIGH PROF minus LOW PROF

45

SLIDE 46

DISTRIBUTION OF US MARKET RETURNS

CRSP 1–10 Index returns by year 1926–2014

1949 20.2 1951 20.7 1963 21.0 1970 0.0 1993 11.1 1982 21.0

Positive Years: 67 75%

1953 0.7 2014 11.6 1996 21.4

Negative Years: 22 25%

2011 0.8 2004 12.0 1944 21.5 1960 1.2 1959 12.7 1983 22.0 1987 1.7 1952 13.4 1979 22.6 1997 31.4 1948 2.1 1968 14.1 1998 24.3 2003 31.6 1939 2.8 1965 14.5 1955 25.2 1985 32.2 1947 3.6 2006 15.5 1999 25.2 1936 32.3 1973

18.1

1966

8.7

1934 4.1 1942 16.1 1976 26.8 1980 32.8 1929

15.2

1932

8.6

1984 4.5 1964 16.1 1961 26.9 1927 33.5 2000

11.4

1940

7.1

2007 5.8 1971 16.1 1938 28.2 1991 34.7 2001

11.1

1946

6.2

2005 6.2 2012 16.2 1943 28.4 2013 35.2 1969

10.9

1990

6.0

1978 7.5 1986 16.2 1967 28.7 1995 36.8 1930

28.8

1962

10.2

1977

4.3

1956 8.3 1972 16.8 2009 28.8 1928 38.4 1935 44.4 2008

36.7

1974

27.0

1941

10.1

1981

3.6

1926 8.4 2010 17.7 1989 28.9 1945 38.5 1958 45.0 1931

43.5

1937

34.7

2002

21.1

1957

10.0

1994

0.1

1992 9.8 1988 18.0 1950 29.6 1975 38.8 1954 50.0 1933 56.7

50% to -40%
40% to -30%
30% to -20%
20% to -10%
10% to 0%

0% to 10% 10% to 20% 20% to 30% 30% to 40% 40% to 50% 50% to 60% Annual Return Range

SLIDE 47

OWA’S MODEL PORTFOLIOS

Very diversified exposure to USA, developed

countries & emerging markets, tilted toward the dimensions of small, value and profitability. About 12,000 stocks globally. Low exp ratios.

Small diversified exposure to US REITS.
Very diversified exposure to US treasuries,

global corporate bonds and TIPS.

Eight models from conservative to “aggressive”.
Models coupled with cash reserves in

retirement.

Matched to client risk tolerance and timing.

SLIDE 48

OWA’S CATHOLIC/CHRISTIAN PORTFOLIOS

Maintain Evidence-Based Investing Philosophy

– Swap out the three largest funds that together invest in stocks globally with their socially screened counterparts.

DFQTX replaced with DFUEX (U.S. Equities)
DFIEX replaced with DSCLX (International Equities)
DFCEX replaced with DFESX (Emerging Mkts Equities)
Maintain use of Dimensional Fund Advisors (DFA)

as the world’s leader in evidence-based investing compliant portfolio building blocks.

Created duplicate set of 8 model portfolios with

equity exposure from 40% to 100%.

Models are the same, except for the swap out of

three funds that together cover stocks globally.

SLIDE 49

OWA’S CATHOLIC PORTFOLIOS

Social Screen Concepts

– An internationally recognized consultant is used to implement the screens in the three funds. – It’s a challenge to constantly track thousands of companies globally for their current activity in the areas being addressed. – Perfection is impossible.

Funds started because of the needs of a Catholic
Diocese. Certain screens were added (Sudan) to

attract other large initial investors to justify fund start-up.

Portfolio behavior will be slightly different since

content of equities slightly different. (11k vs 9k)

SLIDE 50

OWA’S CATHOLIC PORTFOLIOS

Social Screens Applied:

Abortion
Stem cells
Pharmaceutical manufacturers (abortive agents and contraceptives)
For-profit healthcare providers (who profit from anti-Life activities)
Child labor
Pornography
Gambling
Tobacco or alcohol
Military weapons or weapons of mass destruction
Sudan

Review Performance Sheets

SLIDE 51

TWO ADDITIONAL IMPORTANT TOPICS

1) Reverse Mortgages
Can be excellent tool used carefully in the context of a holistic plan.
It could be the tool that closes a gap in needed retirement income –

not for “luxuries” but for basics.

The interest rate is higher than for forward mortgage since the

government backs the loan and takes the risk.

Terms are: your residence, still living there, upkeep done and real

estates taxes paid.

It’s important to note – hopefully your mortgage payment is low and

little debt is owed – but whatever mortgage (P&I) exists – goes away, further assisting your cash flow situation.

Two extremes…..

– Your home drops significantly in value – when the second spouse passes, the grown children can walk away. – Your home quintuples in value. Children sell it (or acquire it) and get the profits. – Action is required when the home becomes empty.

Reverse mortgages will likely see accelerated use.

SLIDE 52

MEDICARE/HEALTH CARE INS

Health care insurance whether pre or post 65 is complicated and

should only be navigated with an expert.

Each situation is unique and an expert makes a huge difference.
Large amounts of money can be expended on medical expenses,

and therefore their expertise can dramatically slow the depletion of your resources.

We know two fantastic resources and would be glad to refer you to

them.

As with all the other topics mentioned – don’t treat this as an

independent issue but rather look at in the context of a holistic plan.

See handout about free help for San Diego County seniors for

smoke detectors (Burn Institute) – statistics show many seniors are at great risk to be harmed due to fires.

SMOKE DETECTORS

SLIDE 53

ARE YOU THINKING ABOUT BEING A DIY?

Think again?
https://goo.gl/oVZwJS

SLIDE 54

DID YOU VALUE THIS CONTENT?

Next steps:
Don’t be daunted. Don’t give up. It’s worth it to do what you can to

get to the best situation possible. No one’s situation is perfect. You’ll sleep better knowing you’ve been the best steward you can within your situation.

Schedule a Discovery Meeting today – get your values and goals in

writing, learn more about where you are now. These are the important tasks before assembling and executing a written plan of action.

See me after the meeting and we can schedule your discovery

meeting.I will also share our expert resources with you.

Please share the value of these ideas with others – and I’m happy to

speak to anyone that wishes to learn more.

Share this with your parish. We would be happy to bring this to your

parish.

Please complete simple 3 question evaluation.

SLIDE 55

THANK YOU! O’Reilly Wealth Advisors 760-804-0910 www.oreillywa.com