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Section | Real Property

Section Meeting: Real Property and Probate & Estate Planning


Using Housing Wealth to Improve Financial Outcomes in Retirement

SPEAKERS
Homa Rassouli | NMLS #455497
Dr. Barry Sacks | J.D., Ph.D. Certified Tax Specialist

We are taking a Deep Dive into one of 2019’s Hottest Topics, Using Housing Wealth to Improve Financial Outcomes in Retirement. With most American’s holding 65% or more of their overall wealth in home equity, this is need-to-know information.
Dr. Sacks will be discussing the impact tax aspects have while using housing wealth strategies.

MCBA IS AN APPROVED PROVIDER AND CERTIFIES THAT THESE ACTIVITIES HAVE BEEN APPROVED FOR MINIMUM CONTINUING EDUCATION CREDIT BY THE STATE BAR OF CALIFORNIA IN THE AMOUNT OF 1 HOUR (PER CLASS).


1.0 CLE | General


Choice of 2 entrees from Magnolia Park Cafe

Farmhouse Salad or Roast Turkey Sandwich


Contact

Kiersten Ross | Email
Mee Mee Wong | Email


02/20/2019 12:00 PM 02/20/2019 1:30 PM America/Los_Angeles Section Meeting: Real Property and Probate & Estate Planning Using Housing Wealth to Improve Financial Outcomes in Retirement 999 Fifth Avenue, 999 Fifth Avenue, San Rafael, CA, 94903 Marin County Bar Association info@marinbar.org false MM/DD/YYYY

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Date and Location

Wednesday | February 20, 2019
12:00-1:30P

999 Fifth Avenue
999 Fifth Avenue
San Rafael, CA 94903

Speaker Information

Homa Rassouli

NMLS #455497

With more than 30 years in the financial services and mortgage industry (the last ten of which have been exclusively in the Reverse Mortgage business), Homa Rassouli is a professional who brings extensive knowledge and expertise to her role. She established a client base built upon core values of integrity, loyalty, diligence and compassion.
She is currently with Retirement Funding Solutions, a Mutual of Omaha Bank Company. Homa is a Rotarian and a Platinum Sponsor for The Marin Bar Association for the past few years. She has been a honorary President’s Club Recipient for the last 10 years. Homa is on the board of Financial Planners Association SF Chapter, serves on the board for The National Association of Insurance and Financial Advisors for Marin and North Bay. She is involved with the Novato /San Rafael Chamber of Commerce’s and Marin / North Bay Realtors Association. Homa volunteers her time at various non-profit and community organizations in her area. She is certified through American University to teach Reverse Mortgages to professionals. Homa spends much of her free time with her family, especially her three grandchildren

Email | Website

Dr. Barry Sacks

J.D., Ph.D. Certified Tax Specialist

Barry H. Sacks is a practicing tax attorney in San Francisco and a certified tax specialist with the State Bar of CA. He has specialized in pension-related legal matters since 1973 and has published numerous tax-related articles and articles on retirement-income planning.

Barry Sacks, Ph.D. and Stephen Sacks, Ph.D. shared their analysis of the reverse mortgage credit line in the Journal of Financial Planning. The research does not attempt to market the program; instead it simply states the findings. The researchers recommend three strategies for using the funds from a reverse mortgage credit line to increase the safe maximum initial rate of retirement withdrawals.

Sacks and Sacks reveal that the idea of using a reverse mortgage credit line as a last resort is a passive approach and drawing upon the reverse mortgage credit before other investments, the retiree’s portfolio plus home equity net worth after 30 years is about twice as likely to be greater compared to the passive approach.
This information may not be new, however it is exciting that financial planners are paying attention to reverse mortgages and are seeing the benefits.
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