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Month: February 2019

Your Tax Burden in Retirement

Even in retirement, taxes are a guarantee. Your Social Security benefit, capital gains, and retirement account distributions can all be taxed, leaving you with less retirement income than you planned on receiving. Your tax burden is important to consider when planning for retirement, and can be your most significant expense. Here is how common retirement income sources are taxed. While you will gain a new source of income in retirement through Social Security, it could also add to your tax burden. There are many reasons why you can’t rely solely on Social Security in retirement, so you will...

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Why $1 Million in Savings may not be Enough

They say age is just a number, but the same probably shouldn’t be said of retirement preparation. While $1 million may seem like a substantial nest egg, it may no longer be enough if you want to retire comfortably. In the past, many people set a goal to have a million dollars to retire on, but in today’s world it may not get you where you need to be for retirement. Healthcare costs and inflation are just a few of the retirement expenses that can eat up savings. Everyone’s retirement goals and situation are unique, and preparing for retirement might not be as simple as saving for a specific...

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Is Now the Time to Convert to a Roth IRA?

Roman poet Horace penned the famous phrase, “carpe diem” – seize the day. Could 2019 be the year to seize the Roth? A Roth IRA can be a valuable asset in retirement because qualified distributions are not taxed, unlike distributions from a traditional IRA.  Roth IRAs are also not subject to required minimum distributions, (RMDs) so funds can continue to grow tax free, and the remaining balance can be passed onto a beneficiary. If lowering your tax burden or passing on tax free wealth is a retirement goal, you may want to consider converting to a Roth this year. A Roth IRA conversion is a significant...

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Retirement Strategies for High-Income Earners

For the high-income earners and savers, retirement planning can look different – and more complicated than for others. Maybe you don’t just want to get by in retirement – maybe you want to travel and pursue passions – as well as leave behind a legacy to your loved ones. Reaching these goals requires strategy and planning. Saving in the years leading up to retirement, considering a Roth IRA, and deciding on the best time to start taking Social Security can be important parts of a strong retirement plan. Building a cash stockpile in the years leading up to retirement can be a good strategy...

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Important Gifts for Your Valentine

What are you getting your spouse for Valentine’s Day this year? Flowers? Chocolates with weird fillings? How about a bigger Social Security benefit, or an insurance policy that could secure their financial future? Whatever you decide to give your loved one this Valentine’s Day, it’s also the perfect time to sit down and talk with your spouse about your future to make sure you’re both on the same page and have a solid plan in place. For some couples, communication is an issue. It’s not always fun to have tough conversations, but when it comes to things like finances, Social Security and insurance,...

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Transitioning Into Retirement Is No Small Task

Even though most people look forward to retirement, some forget that losing the structured routines, sense of purpose, and social interactions that work brings can lead to a difficult transition from working to retirement. Recently, a professor at Harvard Business School conducted a study on the mental and emotional effects of retirement. The study found that people undergo “life restructuring” and “identity bridging” in retirement, and it gives examples of how people can successfully transition into retirement. But even though retirement changes your daily schedule, there are ways to help...

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Press Release: Book Publishing Deal with Celebrity Press

Peak Financial Freedom Group Co-Founders Dan Ahmad and Jim Files signed a publishing deal to co-write the forthcoming book titled Momma’s Secret Recipe for Retirement Success, published by CelebrityPress® LLC. In addition to Ahmad’s and Files’ expertise, the publication features content from world-renowned entrepreneur, professional speaker, and Best-Selling Author® Jack Canfield. For Reference – Original Source

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Creating a Retirement Game Plan

Whether your team won or lost this Sunday, we can all agree that it’s no easy feat to make it to the big game at the end of the season. This game is the culmination of the both teams’ practicing, strategizing, and collaboration all season long. Creating a game plan for football is a lot like creating a retirement plan: You have to know when to protect your lead and when to be aggressive, how to adapt to new challenges, and recognize the importance of good coaching when planning for your future. Even if a team is losing by the end of the second quarter, they still have time to catch-up and win...

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2520 Douglas Boulevard, Suite 110
Roseville, CA 95661

DISCLOSURE: All presentation data is provided and intended to be used for general educational purposes only and is not intended as a solicitation for you to buy or sell any financial product. None of the material in this presentation is intended to give you, nor are the presenters engaged in giving you, specific tax, investment, real estate, legal, estate, retirement, or financial advice, but rather to serve as an educational platform to deliver information; nor is it intended to show you how the strategies presented can specifically apply to your own tax, investment, estate, financial, or retirement position, but rather to offer an idea of how these principles generally may apply.

Stocks, bonds, or mutual funds have risks and can lose principal, even with a stop loss, and there is no guarantees of gains, as past performance is not indicative of future positive investment results. The sale or liquidation of any stock, bond, IRA, certificate of deposit, mutual fund, annuity, or other asset to fund a new portfolio and/or annuity may have tax consequences, early withdrawal penalties, or other costs and penalties as a result of the sale or liquidation. You can’t invest directly into a stock market index. A fixed index annuity with an income rider can protect your savings from losses and provide you guaranteed lifetime income, but you could incur surrender charges, gains aren’t guaranteed, you’ll pay a fee, and guarantees are backed by the financial strength claims paying ability of the issuing annuity company.

Illustrations/projections displayed within this presentation are hypothetical in nature and should not serve as the sole determining factor in making financial decisions. Consult with a qualified investment, tax, legal, and/or retirement advisor before making any decisions. By contacting Peak Financial Freedom Group, you may be offered additional information regarding the purchase of financial products. Seminars, radio shows, TV productions, book releases, magazine and book promotions are sponsored, promoted and paid for by Peak Financial Freedom Group, LLC. If you place assets under management with our firm, we are paid an advisory fee, and if you purchase an annuity from our firm, we are paid commissions from an insurance company.

Investment Advisor Representatives of and Advisory Services offered through Fiduciary Solutions, LLC, a Registered Investment Advisor. Peak Financial Freedom Group LLC is primarily a fixed insurance sales organization and provides no Advisory Services. PFFG Insurance Agency LLC, CA License #0N14103, is a licensed insurance agency and provides no Advisory Services. Peak Financial Freedom Group LLC, PFFG Insurance Agency LLC, and Fiduciary Solutions LLC are separate affiliated entities. Insurance products and services provided by PFFG Insurance Agency LLC and independent agents.

Jim Files CA Insurance License #0F06511 Dan Ahmad CA Insurance License #0732913

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