Month: September 2018

Things to Love About Retirement

Things to Love About Retirement

There’s a lot of things to love about working. You can love your job, your coworkers, and even the daily routine that a standard 9-to-5 job offers. The feeling of work is safe for most people. After over 35 years, you most likely know what you’re doing and you’re probably very good at it. For these reasons, retirement can seem overwhelming to some people. The fear of the unknown is scary and there may still be challenges that await you, but there are also so many things to love about retirement!

First things first, you have more freedom once you retire. So, imagine never having to sit in rush hour traffic, racing to make it to your 9am meeting again or being able to jump on a cross country flight on a whim. You have no deadlines and no morning alarm to answer to. With this, you lose the competitive aspect of a full-time position. You are no longer vying for another promotion or bonus, you finally have time to relax.

There are plenty of other ways to fill your time in retirement. You can join a club or spend time with your children and grandchildren. Some retirees even decide to work part-time or do consulting work on the side. Whatever it may be, there are plenty of different ways to continue earning income during retirement.

But, if these things don’t interest you, retirement is also a great time to catch up on culture. You can sit back with Netflix or some old DVD’s, and catch up on the shows and videos you were too busy to watch while you were working. Retirement is also a great time to give back. You can coach a little league team or volunteer at a soup kitchen. Another idea is becoming a tutor at a local college or university. Giving back can be very rewarding knowing that you are sharing your knowledge and skills with others.

Whatever you decide to do, it’s important that you are living out your dreams, and focusing on your personal goals. This is your time to finally do the things that you always talked about, but never had time for. Write a book, learn to cook, or maybe even travel on a European river cruise. This is the time that you worked so hard for, and as scary as it can be, it can also be great.

If you’re feeling a bit overwhelmed by the idea of retirement, then it may be time to talk to a financial professional who can sit with you and make sure that your retirement plan is complete. CLICK HERE to contact us and schedule a complimentary, no obligation financial review! AtPeak Financial Freedom Group, we can help you update your plan so that you can feel more secure about heading off on your next great journey in discovering all the things to love about retirement.

Use Proper Planning to Help Determine Your Retirement Budget

Use Proper Planning to Help Determine Your Retirement Budget

The age-old question remains, what percent of your salary do you really need for retirement? Will you need 60% or 90%? Most people think that a reasonable number for retirement is around 70% of their salary. However, the reason people think that this number sounds right, is because it’s the most common guess that people come up with. But, your retirement income shouldn’t be based off of random guessing, you should consider using numbers and proper planning to help determine your retirement budget, and to figure out just how much money you will need based on your personal goals, expected lifestyle and expenses.

When you end up doing the math and proper planning, it will likely turn out that you need much more of your income to live comfortably in retirement, than you had originally anticipated. In some cases, it may be twice the amount that you originally thought, which makes it nearly impossible to prepare for your retirement income without proper planning and saving. The reason that you need so much more money in retirement is because you have more free time to spend your money. And, not to mention the fact that you’ll no longer be earning that steady paycheck. If you worked a 9 to 5 before retiring, then you likely had 8 hours a day where you probably weren’t spending too much money. This time may also have come with perks, like free travel or happy hours sponsored by your employer. Once you are retired, you must fill those hours with activities in which costs can add up quickly. That’s why it’s important to try and keep an eye on your expenses and retirement budget for the long road ahead.

After you begin to get a sense of what activities you’ll be doing during your free time, the first step to figuring out your retirement income is deciding your preferences. There is a big difference from living luxuriously to living modestly. You must budget if you will be going out to eat five nights a week or only one, and decide whether you will be ordering expensive wine or tap water with your meal. To try and better gauge how much money you will need for certain activities, you can break down your spending into seven categories; eating out, digital services, recharge, travel, entertainment and shopping, and basic needs. By setting a budget for yourself within each of these categories, it can help give you a better picture of your spending patterns in retirement.

Take the first step today by clicking HERE to schedule your no cost, no obligation review. Once you decide what your dream retirement looks like, you can get started on fulfilling those dreams by creating a financial plan that takes these dreams and your personal goals into account. At Peak Financial Freedom Group, we can help you figure out how much money you will really need for retirement, and align your actions with your intentions through an actionable and customized plan.

Peak Financial Freedom Group
2520 Douglas Boulevard, Suite 110
Roseville, CA 95661

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All investments involve risk, can involve the loss of principal, and unless otherwise stated, are not guaranteed. Past performance is no indication of future performance and such information cannot be relied upon regarding future potential gains. Nothing is directly or indirectly guaranteed by this information. The planning and ideas presented herein are not suitable for all individuals or situations. Hypothetical examples are used to explain concepts and are not indicative of potential results you could receive; past performance is not a guarantee of future results; and results are not indicative of any particular investment or income tax situation; your results will be different and could be lower or higher. Consult your financial professional before making any investment decision. Insurance product features and benefits, such as guaranteed lifetime income riders, are subject to contract terms, limitations, fees, and the claims paying ability of the insurance company issuing the contract. The sale or liquidation of any stock, bond, IRA, certificate of deposit, mutual fund, annuity, or other asset to fund the purchase of any other asset including an annuity may have tax consequences, early withdrawal penalties, or other costs and penalties as a result of the sale or liquidation. Different assets can be complex and carry fees, costs, and surrender charges. If you place assets under management with Fiduciary Solutions
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2019(1), 2020(2), 2021(3), and 2022(4) Five Star Professional Wealth Manager Award - Dan Ahmad and Jim Files have been nominated for and have won the 2019, 2020, 2021, and 2022 Five Star Wealth Manager Awards. Wealth managers do not pay a fee to be considered or placed on the final list of Five Star Wealth Managers. Once awarded, wealth managers may purchase additional profile ad space or promotional products. Award does not evaluate the quality of services provided to clients. The Five Star award is not indicative of the wealth manager’s future performance. The inclusion of a wealth manager on the Five Star Wealth Manager list should not be construed as an endorsement of the wealth manager by Five Star Professional or this publication. Working with a Five Star Wealth Manager or any wealth manager is no guarantee as to future investment success, nor is there any guarantee that the selected wealth managers will be awarded this accomplishment by Five Star Professional in the future. Award winners represent an exclusive group of wealth managers who have demonstrated excellence in their field by satisfying 10 objective selection criteria. For additional information on the Five Star award, including a complete list of the 10 objective selection criteria and their research/selection methodology, go to https://fivestarprofessional.com.


Investment advisory services are offered through Fiduciary Solutions, LLC, a California Registered Investment Advisor. Insurance products and services are offered through PFFG Insurance Agency LLC, a licensed insurance agency (CA Insurance License #0N14013). Peak Financial Freedom Group LLC is a financial planning and umbrella marketing organization, which enables the provision of multiple financial services under one brand. Peak Financial Freedom Group LLC, PFFG Insurance Agency LLC, and Fiduciary Solutions LLC are affiliated entities with common ownership and control.


Jim Files is licensed as an investment adviser representative with Fiduciary Solutions LLC (CRD #1620449) and is a licensed insurance producer with PFFG Insurance Agency LLC (CA Insurance License #0F06511). Dan Ahmad is licensed as an investment adviser representative with Fiduciary Solutions LLC (CRD # 1491561) and is a licensed insurance producer with PFFG Insurance Agency LLC (CA Insurance License #0732913).

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