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November 2024 Chapter Meeting
November 14 @ 11:30 am - 1:30 pm
SPEAKER: Barry H. Sacks, PhD, JD
SUMMARY
Join us for an insightful presentation on the costs and benefits of using a Reverse Mortgage Credit Line to pay the tax for a Roth conversion of an IRA or 401(k). We’ll begin by comparing the advantages of Roth vs. traditional accounts, followed by a discussion of the financial impacts of various tax payment options, including securities, cash, and reverse mortgages. A quantitative analysis, including Monte Carlo simulations and tax treatments, will showcase the differences in after-tax cash flow and legacy outcomes. Don’t miss this detailed exploration of a key financial strategy!
SPEAKER BIO
Barry Sacks, a graduate of Harvard Law School, has practiced primarily in the area of retirement plan law. He has been a Certified Specialist in taxation law for more than 40 years, and he has been listed in “Best Lawyers in America” for more than 20 years.
Barry also holds a Ph.D. in theoretical physics from MIT. His doctoral dissertation involved extensive mathematical modeling. This modeling carried over to his pioneering research paper modeling the use of reverse mortgage credit lines to offset the adverse sequence of investment returns in retirement accounts. This Coordinated Strategy enables significant enhancement of the sustained cash flow throughout long retirements.
The first research paper, presenting the “Coordinated Strategy,” was published in the Journal of Financial Planning, in February 2012. Two sequels, expanding the application of the Coordinated Strategy to a much wider range of retirees than initially recognized, were published in the same journal, in October 2017 and December 2021. (The 2017 paper was co-written with Stephen Sacks and Peter Neuwirth. The 2021 paper was co-written with Stephen Sacks and Philip Walker.)
More recently, Dr. Sacks’s research on the uses of reverse mortgages has been in the realms of providing liquidity in Silver Divorce and providing the means for doing Roth conversions of traditional IRAs and 401(k) accounts.
More Information
Ticket price includes: lunch, Starbucks coffee & decaf, hot water with Teavana teas, and Ice water & iced tea.
There is also a bar in the hotel lobby if attendees want to continue networking after the meeting.
1.0 CFP CEU pending for this session
No refunds after 11 am the day before the meeting.