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Reducing Financial Stress in Retirement

  • Accountant
  • CPA (US)
  • CVA
  • CFA
  • TEP
  • ChFC
  • CSA
  • FSCP
  • CASL
  • ChSNC
  • RICP
  • WMCP
  • CIPM
  • CWS

Published: August, 2022

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  • Course Description
  • Course Qualification
  • Presenter
  • FAQ

Course Description


  • Securities portfolios used for retirement income
    8 mins
  • Taking the unsafe approach
    19 mins
  • Securities portfolios used for retirement income: Tax Considerations
    32 mins
  • Replacing a conventional mortgage
    34 mins
  • Downsizing to Eliminate debt
    41 mins
  • Dividing assets in Silver divorce
    46 mins

Course Description

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:

  • Replacing an existing mortgage on the current home
  • Downsizing to a smaller home
  • Upsizing to a larger home

Join this CPE webinar to understand how to reduce financial stress in retirement!

Learning Objectives

  • To analyze the reason for financial stress in retirement.
  • To identify different financial risk categories.
  • To analyze the cycle of decision-making and how to de-couple emotion.
  • To inspect how you approach financial decisions and how to use that knowledge for your best outcome.
  • To explain the variety of plans to make a more informed decision about retirement.

Recommended For

  • This Online CPE webinar is recommended for CPA, CFA, CIPM, CVA, CBA/MCBA, ChFCA, CASL, ChSNC, RICP, WMCP, FSCP, PFS, TEP, CSA, CFIRS, CWS, Finance professionals, Business owners, and financial consultants who want to understand how to reduce financial stress in retirement.

Who Should Attend?

  • Certificate in Investment Performance Management
  • Certified Public Accountant (CPA)
  • Certified Senior Advisor
  • Certified Valuation Analysts
  • Chartered Financial Analyst
  • CPA (Industry)
  • CPA - Large Firm
  • CPA - Mid Size Firm
  • Finance Pros
  • Trust & Estate Specialist
  • Young CPA

Course Qualification

Webinar Qualifies For

  • 1 General Credit for Accountant/Bookkeeper/Tax Professionals
  • 1 CPE Credit of Finance for Certified Public Accountants (CPA-US)
  • 1 CPE Credit of Finance for Certified Valuation Analyst (CVA)
  • 1 PL Credit of Finance for Chartered Financial Analyst (CFA)
  • 1 CPD Credit of Retirement and Financial Independence Planning for Personal Financial Specialist (PFS)
  • 1 CPD Credit for Trust and Estate Practitioners (TEP)
  • 1 CPE Credit of Retirement Planning for Chartered Financial Consultant (ChFC)
  • 1 CE Credit of Financial aspects of estate and retirement planning for Certified Senior Advisor (CSA)
  • 1 CPE Credit of Retirement Planning for Financial Services Certified Professional (FSCP)
  • 1 CPE Credit of Financial Planning for Chartered Advisor in Senior Living (CASL)
  • 1 CPE Credit of Financial Planning for Chartered Special Needs Consultant (ChSNC)
  • 1 CPE Credit of Financial Planning for Retirement Income Certified Professional (RICP)
  • 1 CPE Credit of Financial Planning for Wealth Management Certified Professional (WMCP)
  • 1 PL Credit of Finance for Certificate In Investment Performance Measurement (CIPM)
  • 1 CPE Credit of Finance for Certified Business Appraiser/Master Certified Business Appraiser (CBA/MCBA)
  • 1 CE Credit for Certified Fiduciary & Investment Risk Specialist (CFIRS)
  • 1 CE Credit for Certified Wealth Strategist (CWS)

Additional details

  • Course Level :
  • Credits :
  • Instructional Method :
    QAS Self Study
  • Pre-requisites :
  • Advance Preparation :


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:


About Presenter

Barry Sacks, J.D., Ph.D.

, 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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Ratings and Review


118 Ratings



Very Good









Samantha Wheelock, CPA (US)

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.


Steve Rygh, CPA (US)

Sep 28th, 2022

Course was well done....thank you.


Bansari Kinkhabwala, CPA (US)

Jul 5th, 2022

Good Learning Experience


Mia Doan, Accountant

Sep 28th, 2022

Useful information


Debbie Warrior, CPA (US)

Jun 25th, 2022

Good Class.

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