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It is what it advertised to be. Professional quality training and CPE tracking and certificates; systems knows AZ CPA CPE requirements and categories. I've needed help on several occasions and the assistance was quick and effective; however, there were some problems with data entry. The assistance sometimes asks for input, but when I try to type it is dissallowed for some reason. On several occasions I had to close the popup to get it out of my way.
Great customer service. Classes are pertinent. Great value
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Retirement generally means a substantial reduction in income.
Members of the Baby Boomer generation (those born between 1946 and 1964) are reaching age 65, and usually retiring, at a rate of approximately 10,000 every single day, and will continue to do so for the next 8 to 10 years. (That adds up to about 30 million people.) Of those 30 million people, more than 5 million will retire owning a home on which they will still need to be making mortgage payments.
Mortgage payments generally consume a significant portion of the retirees’ income, especially because that income is reduced from their level during their working life. Therefore, the need to make these mortgage payments creates great financial stress. If the payments are, in whole or in part, drawn from a retirement plan account (for example a 401(k) account or a rollover IRA), the stress is increased by the risk of premature exhaustion of the account.
In this CPE Finance webinar, the speaker explains that financial stress can be reduced by retirees’ responsibly accessing the existing equity in their homes. Proper access is accomplished by the use of a reverse mortgage.
This CPE course explains this process in several contexts with quantitative examples:
Join this CPE webinar to understand how to reduce financial stress in retirement!
, Barry Sacks
Barry H. Sacks, PhD, JD, a member of the California State Bar, is a tax attorney specializing in pension law. He is a 1973 graduate of Harvard Law School. Since 1974, with the enactment of ERISA (the pension reform law), he has practiced almost exclusively in the area of retirement plan law. He has been certified as a specialist in taxation law since 1980 by the California Board of Legal Specialization. For the past ten years, he has been listed in the peer-selected “Best Lawyers in America”. In 2015, Mr. Sacks was designated as Best Lawyers’ “Lawyer of the Year” in the field of retirement plan law for the San Francisco Bay area. In addition, he holds a Ph.D. in theoretical physics from MIT, where he completed a doctoral dissertation that involved substantial mathematical modeling.
He published the pioneering research paper modeling the use of reverse mortgage credit lines to mitigate the effects of adverse sequences of investment returns in retirement accounts (Journal of Financial Planning, February, 2012). The retirement income strategy described in the Journal of Financial Planning article has been granted 2 patents. He published a sequel to this paper in the October, 2017 issue of the Journal of Financial Planning, expanding the range of application of the strategy. In 2016, he published an article in the Journal of Taxation (“Recovering a Lost Deduction”) on the income tax deduction for interest accrued on reverse mortgages. While developing his model for the use of reverse mortgages in retirement income planning, Mr. Sacks became aware of other needs of retirees (or soon-to-be retirees), including those who are moving to new homes and those who are in the process of divorce. As a result, he has published papers demonstrating various uses of reverse mortgages to address these retirees’ needs.
In the earlier part of his career, Mr. Sacks spoke frequently at California Continuing Education of the Bar presentations and at advance tax seminars as a visiting lecturer at U.C. Hastings College of the Law. More recently he has spoken at various Bar Association meetings (including the Marin County Bar Association and East Bay Trusts and Estates Council) and at meetings of financial planning organizations.
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MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478
MY-CPE LLC (Sponsor Id#: 143597) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org.
23 Ratings
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SW
Jun 23rd, 2022
Very interesting training and concept to retirement savings I did not consider in the past. Would love to learn more in regards to how best to implement.
MK
Nov 5th, 2022
Very knowledgeable presenter. Excellent strategies!
JC
Dec 18th, 2023
Good for my retirement planning needs!
BK
Jul 5th, 2022
Good Learning Experience
DW
Jun 25th, 2022
Good Class.
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