About Neuwirth Associates Consulting
Founded by Peter Neuwirth, FSA, FCA, Neuwirth Associates Consulting is dedicated to the proposition that the actuarial perspective is critical for addressing many of the most significant problems that individuals face as they navigate through the current economic environment and grapple with the risks and challenges associated with utilizing their assets to live on for the rest of their lives.
Neuwirth Associates Consulting provides analysis and technical support to CFPs, CPAs, family lawyers, loan officers, investment advisors, and Retirement Plan sponsors in retirement planning, asset division in divorce, and Life Insurance/Annuity product analysis. Our focus is on developing specific strategies and risk mitigation techniques that will enable our clients to solve their client’s problems in a cost- and tax-efficient manner.
For decades, our team has provided cutting-edge actuarial and tax consulting to some of the largest organizations in the world. Since 2017, they have collaborated on groundbreaking research focusing on using different asset classes (e.g., reverse mortgages) to manage risks during the “decumulation” phase of life. Neuwirth Associates also provides insight, advice, analysis, and education to family lawyers and CFPs regarding complex asset division problems among older high-net-worth couples getting divorced (aka: Silver Divorce).
Our Philosophy
We believe the actuarial perspective is extraordinarily useful for both individuals and organizations. For more than 200 years, actuaries and the actuarial perspective on how to balance time, risk, and money have kept some of the biggest insurance companies in the world solvent and able to fulfill a critical societal need to provide safe and secure retirement income and protection against the many hazards of life that make managing our financial lives so challenging.
Today, many actuaries continue to serve in that role for the insurance industry and as consultants to organizations that provide insurance and retirement benefits to their employees. Because of the many changes, individuals have less of a safety net to fall back on. Instead, they must rely on their resources when managing their retirement assets and insuring themselves and their families against life contingencies. Many seek financial planners and other experts/advisors to help them with that challenge. Occasionally, those advisors themselves could use a little help. That’s the mission we at Neuwirth Associates have set for ourselves.
The world of retirement and insurance has changed dramatically. Defined Benefit Pension Plans have given way to 401(k) plans, while insurance and annuity products have become more sophisticated and targeted but more complex and challenging to understand. In addition to the proliferation of new and complex financial products, markets and the regulatory environment have become increasingly complex and uncertain. Individuals and their advisors find that neither technology nor “rules of thumb” can manage their financial lives safely and securely.
As an actuary turned author and a quantum physicist turned tax lawyer, Peter Neuwirth FSA, FCA, and Barry Sacks PhD, JD, have spent many decades watching as current affairs evolved, helping their clients manage the changes. Since 2012, both Barry and Pete have focused on the theoretical and practical ways individuals must act to navigate new financial and risk management burdens.
They say that everything old is new again. While that may or may not be universally true, we believe that fundamental actuarial principles that have proven their worth over a very long time are still valid today and fully applicable to the admittedly very new problems of our modern world for millions of Americans approaching or at retirement.
For a free consultation, click here to send our CEO, Jackie Chin, an email.