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The Golden Rule of 5% to 10%

the golden rule
Protecting Yourself Against Big Portfolio Losses

Because of how painful portfolio losses can be to retirees, we created The Golden Rule Of 5% To 10%. The Golden Rule Of 5% To 10% states you should not have your assets positioned to lose more than -5% to a maximum -10% of your total portfolio, even if the stock market crashes and loses -50% or more.

If you are like many retirees, right now you may be very nervous, anxious, and worried about your money simply because you are afraid of suffering through the next big stock market crash. You are not sure how much you could lose, but you know at this time in your life, a big loss could be devastating. If your money is currently unprotected in the stock market, you should be nervous because none of us like uncertainty. Following The Golden Rule Of 5% To 10% may help decrease your worries.

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Adjusting to Retirement: 8 Helpful Tips

adjusting to retirement
Many Retirees Find This New Phase of Life More Challenging Than They Bargained For

Many new retirees are shocked to find that, though they have dreamed for decades about how they would enjoy their golden years, adjusting to retirement is actually quite difficult at first. On the surface, it would seem like leaving the stress and busyness of work behind and embracing a daily schedule of leisure would be ideal, but many retirees find it hard to navigate this “new normal.” That’s because retirement can often mean a loss of identity, and most people don’t prepare for this psychological challenge. Whether you identified as a lawyer, banker, chef, teacher, or small business owner, it’s easy to begin to question who you are now that you’ve retired.

Other issues can trip up new retirees, as well. While you may have more time for hobbies and the people you love, you may also have less money and feel less purpose in life. This can lead to anxiety and depression and, in fact, a study in the Journal of Population Aging recently found that retirees are twice as likely as working people to suffer from these mental health issues.

So, what is a new retiree to do? Below we’ll discuss eight helpful tips for adjusting to retirement that will help you navigate the challenges you may not have been expecting.

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How to Keep Your Relationship Healthy in Retirement

retirement
Six Tips for Keeping the Spark Alive During this Chapter of Life

When you and your partner have spent your whole lives working, it’s natural for retirement to change the dynamic of your relationship. Just as with the financial aspects of your retirement, it’s important to plan ahead to keep your relationship healthy in this phase of life, too. You might have a fantastic financial advisor and all the money in the world, but if you haven’t taken into consideration how retirement will impact your relationship – and vice versa – then you’re missing a crucial part of retirement planning.

Below we’ll share six retirement and relationship tips to help you fully enjoy this phase of life with your spouse or partner and thrive together in your dream retirement.

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The Two Stages of Money in Retirement

stages of retirement planning
Are You Still Accumulating Assets or is it Time to Shift Your Focus to Asset Preservation?

At Peak Financial Freedom Group, we believe there are a distinct set of seven rules to live by in order to create retirement security. Today, we’re sharing the first lesson, which is that there are two stages in retirement planning when it comes to money. We detail all seven rules in our book, Momma’s Secret Recipe for Retirement Success.

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Five Financial Tips for Your Second Marriage

financial tips for your second marriage
The financial stakes can be higher for a second marriage, so you’ll want to be prepared.

It’s no secret that about half of first marriages end in divorce, meaning many people will get married more than once during their lifetimes. If you find yourself getting ready for your second marriage, congratulations! Getting remarried offers a fresh start, a new opportunity to learn from the past, and time to build a life with someone new.

Before you walk down the aisle for the second time, however, there are several important financial steps you should take with your partner. Communication is always important in a relationship, but in some ways, it’s even more important in a second marriage because you will both be bringing more complexity and baggage with you – some of it financial.

Below are five steps you should consider before saying “I Do” for the second time.

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Average Retirement Debt for Older Americans is Higher than Ever Before

debt in retirement
What to Do if You Fear Your Debt Will Get in the Way of Your Retirement Plans

When it comes to retirement, the most common worry among workers tends to be whether they’re saving enough. However, with new reports showing that the average retirement debt is on the rise, many workers nearing retirement have an added concern to consider. According to the Federal Reserve Bank, Baby Boomers are carrying more debt into retirement than ever before.

Debt is often a serious source of contention and stress and carrying debt into retirement could be quite detrimental to achieving retirement dreams and goals. It can affect a retiree’s ability to pay necessary living expenses, keep their home, and even influence whether or not they can afford independent- or assisted-living facilities, should their health prevent them from living alone.

If you’re concerned about bringing debt with you into retirement, here’s how to tackle it ahead of time so that your retirement dreams can become your retirement reality.

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Family and Finances: Tips for Discussing Money and Retirement with Your Loved Ones

family and finances
Facing Money Topics Head-On is Key to Accomplishing Your Family’s Financial Goals

Though it may seem that family and finances are two words that don’t belong together, it’s important to make sure that you’re occasionally combining the topics despite how awkward it may feel. Talking about money can be incredibly difficult, but it’s equally important to make sure you and your loved ones are on the same page. Having conversations about money and retirement matters because, like it or not, your finances and current or future retirement plans will impact your children, too.

Furthermore, discussing money can ultimately end up strengthening everyone’s finances – and your relationships. Below you’ll find tips to help inspire you to begin having those hard conversations.

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Your Financial Planning Checklist for the New Year

financial planning
How to Use an Annual Financial Plan to Stay on Top of Your Goals

A common error in financial planning is to assume that you can do it once and be finished. In truth, though, even a well-conceived plan built with the help of a financial advisor should be reviewed annually. This allows you to stay on top of what you have and have not accomplished so that you can ensure you’ve covered all the bases on both your short-term and long-term goals.

Creating an annual financial planning checklist is a useful way to track your progress, as well as to ensure you remain vigilant about making adjustments if your circumstances or your goals should change.

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Ways to Reduce Your Household Expenses

reduce household expenses
Eight Tips for Cutting Your Monthly Spending

Everyday household expenses can quickly add up and, if you’re not paying attention, they can end up consuming a large portion of your income. When this happens, saving enough for financial goals like buying a house, paying for a college education, or saving for retirement can become difficult. Below are eight ways you can reduce your monthly household expenses.

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Social Security Survivor Benefits and How They Work

social security survivor benefits
A Primer on the Benefits Available to You When Your Spouse Passes Away

Losing a spouse is an especially painful time. Unfortunately, many people find their grief compounded by the complexities of figuring out their finances. The process for collecting Social Security Survivor Benefits can be particularly confusing, but we hope this primer will help you wade through the confusion and better understand the benefits you may be eligible for.

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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), 2020(2), and 2021(3), Five Star Professional Wealth Manager Award - Dan Ahmad and Jim Files have been nominated for and have won the 2019, 2020, and 2021 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 #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).

© 2020 Peak Financial Freedom Group