Money Mountaineering with Actuary Peter Neuwirth

October 1 2022

Join us for this month’s episode of Money Mountaineering with Actuary Peter Neuwirth: Meet our guest — Barry H. Sacks, PhD, JD, Reverse Mortgage/Retirement Portfolio Longevity Expert

Money Mountaineering with Actuary Peter Neuwirth
Money Mountaineering with Actuary Peter Neuwirth
Join us for this month's episode of Money Mountaineering with Actuary Peter Neuwirth: Meet our guest — Barry H. Sacks, PhD, JD, Reverse Mortgage/Retirement Portfolio Longevity Expert
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October 2022: A Note from Actuary Peter Neuwirth — I invite you to tune in for this month’s episode of my podcast and video show, Money Mountaineering, where for 30 minutes, we learn from experts how to plan for your best financial future.

Today’s Topic: From reverse mortgages to leaving a legacy, learn how to generate lifetime income

Meet today’s guest: Barry H. Sacks Ph.D. earned his Ph.D. in semiconductor physics from M.I.T., then taught at U.C. Berkeley. He earned a J.D. from Harvard Law School and is a Certified Specialist in Taxation Law from the California Board of Legal Specialization. After spending 35 years as an ERISA attorney specializing in qualified retirement plans, he used his breadth of skills to discover a role for a reverse mortgage to help make a retirement portfolio last longer. Barry now has a law practice providing exceptional services to tax professionals in the area of “Offers in Compromise” for retirees living on 401(k) accounts or securities portfolios.

With his brother, Professor Stephen Sacks, Barry published the pioneering research paper modeling a strategy that uses reverse mortgage credit lines to mitigate the effects of adverse investment returns in retirement accounts (Journal of Financial Planning, February 2012). A sequel to this paper expanding the range of applications of the strategy was co-authored by Peter Neuwirth, F.S.A., and Stephen Sacks. Read all about it. While developing his model for reverse mortgages in retirement income planning,

Barry became aware of the particular needs of retirees and soon-to-be retirees in the process of divorce. These needs are particularly concerning in cases where the retirement savings are divided between the parties or where one of the parties has received most of the retirement savings but not much of the home equity value: Read more here. Barry is a frequent speaker on those subjects, live and in webinars, to financial planning groups, estate planning and trust attorneys’ and accountants’ groups, reverse mortgage lenders’ groups, and graduate tax seminars at law and business schools. He lives in San Francisco and Sonoma, except when traveling faraway exotic places.

In this month’s interview, Pete and Barry discuss:

Stay tuned for our conversation — and for next month’s guest: Reverse mortgage specialist Mary Jo Lafaye, creator of 62CashFlow.com. A longtime colleague from Mutual of Omaha, Mary Jo, works closely with Barry and me on these topics and figures prominently in this discussion. We look forward to sharing all of this information with our audience.

Learn more about actuary and author Peter Neuwirth: www.PeterNeuwirth.com

Since graduating from Harvard with a degree in mathematics and linguistics in 1979, Peter Neuwirth has held actuary leadership positions at consulting firms including Aon, Hewitt Associates, Watson Wyatt Towers, Perrin, and Towers Watson. He also ran the actuarial firm Coates Kenney and spent a year at Price Waterhouse.

Currently a Fellow of the Society of Actuaries and the Conference of Consulting Actuaries, Pete regularly consults with the largest corporations in the world about their retirement plans with a focus on time risk and money.

“These fundamental concepts shape our world,” explains Pete, a sought-after speaker for professional conferences and frequently quoted in national mainstream and trade publications.

After being asked too many times: “What is an actuary, exactly?” Pete has written two books to answer another question: “How does an actuary think, and why does it matter?”

His first book, What’s Your Future Worth, is an accessible step-by-step guide to using the powerful concept of Present Value. Pete explains, “My goal is to help readers determine the value today of something that might happen in the future and evaluate outcomes that might arise from choosing one path instead of another.”

In his newest book, Money Mountaineering, Pete shares his views on the challenges we face to survive and thrive in a complex, uncertain, noisy and sometimes irrational wilderness. “I hope to help readers better understand the financial world they must live in and what they must do to make their way through it,” Pete shares.

Pete is also a senior consulting actuary for CapAcuity, a member of the University of Illinois Academy for Home Equity in Financial Planning, and the outside director at Rael & Letson. He is a longtime resident of Northern CA. Learn more at www.peterneuwirth.com.

Upcoming Podcasts

Previous Episodes
Tuesday, November 15th, 2022

Join us for this week’s episode of Money Mountaineering with Peter Neuwirth: Meet our guest — David Scharf, president-elect, Conference of Consulting Actuaries (CCA)

Join us: December 20, 2022, 5:30 PM Eastern / 2:30 PM Pacific A Note from Peter Neuwirth — I invite you to tune in for this week’s episode of my podcast and video show, Money Mountaineering, where for 30 minutes, financial experts help us answer the question: What’s your future worth? Meet our guest: David Scharf, president-elect, Conference of Consulting Actuaries (CCA) About David: ​As a principal and actuary based in Buck’s Secaucus, New Jersey office, David is a leader in the areas of innovation, executiveClick here to listen to the podcast!

Wednesday, October 19th, 2022

Join us for this month’s episode of Money Mountaineering with Peter Neuwirth: Meet our guest — Mary Jo Lafaye, a licensed Home Equity Retirement Income (HECM) specialist with Mutual of Omaha Mortgage

Join Pete: November 29, 2022 at 2:30 PM Pacific December 2022: A Note from Peter Neuwirth — I invite you to tune in for this week’s episode of my podcast and video show, Money Mountaineering, where for 30 minutes, financial experts help us answer the question: What’s your future worth? Meet our guest: Mary Jo Lafaye, a licensed Home Equity Retirement Income (HECM) Specialist with Mutual of Omaha Mortgage Today’s Topic: The practicalities of getting a reverse mortgage, the real-life considerations that individuals and couples need toClick here to listen to the podcast!

Saturday, October 1st, 2022

Join us for this month’s episode of Money Mountaineering with Actuary Peter Neuwirth: Meet our guest — Barry H. Sacks, PhD, JD, Reverse Mortgage/Retirement Portfolio Longevity Expert

October 2022: A Note from Actuary Peter Neuwirth — I invite you to tune in for this month’s episode of my podcast and video show, Money Mountaineering, where for 30 minutes, we learn from experts how to plan for your best financial future. Today’s Topic: From reverse mortgages to leaving a legacy, learn how to generate lifetime income Meet today’s guest: Barry H. Sacks Ph.D. earned his Ph.D. in semiconductor physics from M.I.T., then taught at U.C. Berkeley. He earned a J.D. fromClick here to listen to the podcast!

Thursday, September 1st, 2022

Let’s Go Money Mountaineering with Actuary and Author Peter Neuwirth: Welcome to Pete’s Podcast!

September 2022: A Note from Hope Katz Gibbs, producer, Inkandescent Radio — Hello and welcome to our first episode of a new show on the Inkandescent Radio network — Money Mountaineering with actuary Peter Neuwirth, FSA, FCA — entitled What’s Your Future Worth? I’m Hope Katz Gibbs, producer of the podcast network InkandescentRadio.com, and I am thrilled to be here today with Pete! About Pete: After graduating from Harvard College in 1979 with a degree in Mathematics and Linguistics, Pete wentClick here to listen to the podcast!

Friday, January 21st, 2022

Episode 49: Margaritas with Marguerita Cheng, CFP® Pro — Meet Peter Neuwirth, author of Money Mountaineering and What’s Your Future Worth

A Note from Marguerita Cheng, CFP® Pro — I invite you to tune in for this week’s episode of my podcast and video show, Margaritas with Marguerita, where for 15 minutes each Friday at 5 pm EST, women learn from industry experts how to flex their financial muscles live on Facebook. Meet our guest: Peter Neuwirth, author, Money Mountaineering: Using the Principles of Holistic Financial Wellness to Thrive in a Complex World and What’s Your Future Worth: Using Present Value to Make Better DecisionsClick here to listen to the podcast!