Author: Peak Freedom Financial Group

The Retirement Income Myth: Income Riders and Sequence of Return Risk

Written on .

Income Riders and Sequence of Return Risk

The following is an excerpt from the book, Momma’s Secret Recipe for Retirement Success,” by Dan Ahmad, Jim Files, and Jack Canfield, with contributions from other leading professionals from around the world. This excerpt was written by Dave Lopez, a recognized retirement planning speaker, and writer.

Retirement Income Myth:

You shouldn’t buy an annuity because the stock market is the best place for you to invest for dependable retirement income that will last for as long as you live.
You are retired and want a high level of dependable income from your savings that is guaranteed to last for as long as you live. You research on your own. You talk to your Advisor. You even ask friends and family what to do, because you desperately want to know the truth about how to protect your principal and guarantee you won’t run out of income late in life.

Continue reading

Should I Hide My Money Under the Mattress or Trust an Insurance Company?

Written on .

Why No Other Institution Can Match the Safety of the Life Insurance Industry

The following is an excerpt from the book, Momma’s Secret Recipe for Retirement Success,” by Dan Ahmad, Jim Files, and Jack Canfield, with contributions from other leading professionals from around the world. This excerpt was written by Laura Barron, president and co-founder of Barron Financial Group, LLC.

Twenty years ago, Sarah and Mark were 55 years old as they reviewed their plans for retirement. They both had done an excellent job accumulating assets of well over a million dollars. Mark felt confident they could trust the expert advice of their broker at a large firm to continue making money for them in most stock market investments during retirement. Sarah and Mark were very confident the income from their stock market investments, Social Security, and a small pension would allow them to self-insure for long-term care, stay fully invested in the market, and live a very comfortable retirement in a nice neighborhood. They were totally confident they would never run out of money.

Continue reading

Section Four of Your Comprehensive Written Retirement Income Plan

Written on .

Getting Your Plan Details in Writing

In previous articles in this series, we have shared the first three steps in creating a written comprehensive retirement income plan. If you haven’t yet read about those steps, we recommend you start here.

In this fourth and final installment, we are sharing the fourth step in this planning process, which is getting your plan details recorded in writing.

Continue reading

Utilizing the Financial Instruments in Your Toolbox

Written on .

You work hard for your money, so it’s important to be sure you’re doing what you can to make the most of what you’ve earned and saved. In this episode of Peak TV, Jim and Dan discuss strategies you can use to extract the most income possible from your assets so that you can achieve your long-term financial goals. One way that this can be done is getting smart with your tax strategy so that you’re minimizing your tax burden while maximizing the amount of income you can put towards those other goals you have. Having a financial advisor who understands tax law and is able to help you navigate the complexities of tax planning can go a long way in helping you find excess cash that you may have otherwise not been able to find.

All this and more on this week’s episode, tune in so you don’t want to miss anything!

Season 3 Premiere | The Peak Financial Freedom Show

Written on .

Jim and Dan are back with a new season of Peak TV! They’re starting off the season with a discussion about building a smart investment strategy. Jim and Dan begin with a conversation about how your age might impact the amount of risk you should be taking on in your portfolio. Young investors have time on their side to bounce back from any market volatility, but the closer to retirement you get, the more you’re going to need to depend on your investments to support your lifestyle, so you want to be sure that you’re investing wisely. 

Jim and Dan then discuss how investors should react with interest rates and bond yields at an all-time low, urging listeners to get creative and be smart when coming up with a lifelong investment strategy that works for them. It’s an episode investors won’t want to miss, tune in now!