June 2020 | Peak Financial Freedom Group

Month: June 2020

Episode 13: Let’s Talk About the Stock Market

In this episode of The Peak Financial Freedom Show, Jim and Dan take time to focus on the nuances of investing in the stock market. They discuss topics like how much of your money should be invested in the stock markets, how you can better control your investments in the markets, and why they would never tell their clients to “ride out the stock market.” They also explain the processes that they put in place to mitigate the risk in your portfolio so that you never have to feel unsafe financially as you save and invest for your future.

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Do You Have a Beautiful Pie Chart Porfolio?

When you see your statements, your portfolio is graphed into a really nice looking pie chart – it’s beautiful. Your advisor said you have so many funds because you’re diversified, in order to minimize risk. You may have been led to believe that mutual funds are way safer than stocks. You have been told your beautiful pie chart will protect your assets from volatility and losses AND you’ll earn a great rate of return. And to top it off, you may have been told you are only paying a total of 1 percent in fees.

But, what if what you’ve been told about your beautiful pie chart portfolio isn’t true? How can you tell if it’s not the truth? It’s simple. If you lost 10, 15, or 20 percent in the last quarter of 2018, you probably have a lot more risk than you want. Your beautiful pie chart may not look so beautiful now, does it?

If you want to learn how to turn your beautiful pie chart into a portfolio designed to reduce your risk during large stock market losses, contact us today.

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Episode 12: Your Advisor Is Not Your Friend

When it comes to building a portfolio and a retirement plan that works best for you, it’s crucial to have an advisor who is both professional and competent. While it’s important to have a good relationship with your advisor, there’s a distinct difference that Jim and Dan highlight in this episode, you want your advisor to be friendly, but you don’t want them to be your friend. Your money is yours, and you want to manage it in a way that makes it work for you and for your family, not in a way that works for your advisor.

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Five Tips to Help Protect Your Retirement Savings in an Economic Downturn

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You Have More Power Than You Realize to Keep Your Finances on Track

The COVID-19 pandemic and ensuing economic turmoil have caused many people to reexamine their finances. Even if you have taken control of your financial future by being diligent about saving for retirement, it’s normal to feel out of control when facing an uncertain economy and the prospect of a recession that may last for some time.

So, how can you shield your retirement portfolio in troubling times? Luckily, you have more power than you realize when it comes to recession-proofing your nest egg. These five tips will help you stay on track even in an economic downturn.

Tip #1: Bulk Up Your Savings

The typical rule of thumb is to maintain an emergency fund with three to six months of living expenses, but an economic downturn could last longer than that. Aim to up your cash reserves to one year’s worth of expenses and utilize a high-yield savings account to maximize your efforts. Doing so can give you greater peace of mind when unpredictable financial events happen.

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Ride Out The Stock Market? Maybe Not As Losses Are Harder To Make Up Than You’ve Been Told.

You have been told to ride out the stock market, to stay invested, and losses will be easy to recover from. But, how much did you lose in 2000-2002 and 2007-2009 when the stock market crashed? Many people lost 50 percent.

Mathematically if you lose 50 percent you need to make a 100 percent recovery just to break even. That means if your one million dollar I-R-A loses 50 percent a 50 percent gain brings you back to only 750,000 dollars, far short of full recovery.

Your 500,000 dollar I-R-A value, after a 50 percent loss, would need a 100 percent gain to recover. That could take a long time if it happens at all.

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Episode 11: Tackling the Single Greatest Retirement Fear

When it comes to retirement funds, the greatest worry is whether or not you’ll outlive your savings. Too often, people spend their whole lives working and saving for retirement, only to reach retirement and end up spending none of their money out of fear of running out. However, retirement should be about relaxing and enjoying life, not about stressing and fear.

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Episode 10: Are You in Control of Your Retirement?

When it comes to planning for retirement, there’s a lot of information and options available to you that it may get a little overwhelming. However, for a successful retirement, it’s important that you’re in front of, and in control of, your retirement rather than the other way around. For example, did you know that you can move your 401K funds into an IRA, tax-free if you’re 59.5 years old or over? Not many people do.

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Episode 9: Financial Planning for the Worry-Prone

It’s completely understandable to worry about the state of your finances, especially as you get closer and closer to retirement. In this episode’s Case Study, Dan and Jim discuss the best financial plan for chronic worrier, Gary. For them, the best way to combat financial stress and fears is to minimize the risk in your portfolio and then create a lifetime income projection so that you know exactly what to expect for your financial future. This works by simplifying your financial life into one page so that you can see exactly where your income sources will come from for the duration of your retirement; whether from savings, your assets, revenue, the government, or your investments.

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Peak Financial Freedom Group
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.  By contacting Peak Financial Freedom Group, you may be offered additional information regarding the purchase of financial products. None of the material presented 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. Consult with a qualified investment, tax, legal, and/or retirement advisor before making any decisions.

Stocks, bonds, or mutual funds have risks and can lose principal, even with a stop loss, and there are no guarantees of gains, as past performance is not indicative of future positive investment results. Hypothetical examples are used to explain concepts and are not indicative of potential results you could receive. 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. If you place assets under management with our firm, we receive advisory fees for assets you place under management and commissions from insurance companies you buy products from. Seminars, radio shows, TV productions, book releases, magazine and book promotions are sponsored, promoted and paid for by Peak Financial Freedom Group, LLC.

Peak Financial Freedom Group LLC and Fiduciary Solutions LLC do not make any representations or warranties as to the accuracy, timeliness, suitability, completeness, or relevance of any information prepared by an unaffiliated third party, whether link to Peak Financial Freedom Group LLC’s web site or incorporated herein and take no responsibility therefore. All such information is provided solely for the convenience purposes only and all users thereof should be guided accordingly.

2019(1) and 2020(2) Five Star Professional Wealth Manager Award - Dan Ahmad and Jim Files have been nominated for and have won the 2019 and 2020 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 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 Registered Investment Advisor (CRD #148118). Insurance products and services are offered through PFFG Insurance Agency LLC, a licensed insurance agency (CA License #0N14103). 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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