Section Three of Your Comprehensive Written Retirement Income Plan

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It’s Time for an Analysis of Assets to Beneficiaries

In previous articles, we shared everything you need to know about the very first step in creating a comprehensive written retirement income plan: the Retirement Income Projection. Then, we discussed the second step in your planning, the Income Tax Analysis. If you didn’t get a chance to read those articles yet, you can start here. In this final installment of this series, we give you details about the third step in your comprehensive written retirement income planning: an analysis of assets to beneficiaries.

Having a comprehensive written retirement income plan you can rely on is incredibly important to your financial health in retirement, so let’s dive into this final step.

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Your Comprehensive Written Retirement Income Plan Section 2: Income Tax Analysis

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Income Tax Analysis

Estate Planning Guidance for Those Without Heirs

In three previous articles, we discussed all the details of the very first step in creating a comprehensive written retirement income plan: the Retirement Income Projection. If you didn’t get a chance to read it yet, you can start here. Now, we move on to the second step in your planning, which is the all-important Income Tax Analysis.

Why are we continuing to discuss this topic? Because having a comprehensive written retirement income plan is just that important!

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Your Retirement Income Projection Part 3: Fee Analysis

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Estate Planning Guidance for Those Without Heirs

This article is part three of a three-part series in which we’ll dig deeper into the first aspect of preparing your comprehensive written retirement income plan: the retirement income projection. This series is based on content that originally appeared in our book, Momma’s Secret Recipe for Retirement Success, and you can grab your copy here.

In our last installment, we shared details on the second step in developing your comprehensive written retirement income plan, which is a risk analysis. As a reminder, this series is all about completing the three aspects that make up step one in our four-part process of completing your Retirement Income Projection:

  1. Income analysis
  2. Risk analysis
  3. Fee analysis

In this article, we’ll walk you through the fee analysis step.

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Your Retirement Income Projection Part 2: Risk Analysis

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The Second Step in Your Comprehensive Written Retirement Income Plan

This article is part two of a three-part series in which we’ll dig deeper into the first aspect of preparing your comprehensive written retirement income plan: the retirement income projection. This series is based on content that originally appeared in our book, Momma’s Secret Recipe for Retirement Success, and you can grab your copy here.
In our last installment, we shared details on the very first step in developing your comprehensive written retirement income plan, which is a retirement income analysis. As a reminder, this series is all about completing the three aspects that makeup step one in our four-part process of completing your Retirement Income Projection:

  1. Income analysis
  2. Risk analysis
  3. Fee analysis

In this article, we’ll walk you through the risk analysis step.

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Your Retirement Income Projection Part 1: Income Analysis

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Getting Started on Your Comprehensive Written Retirement Income Plan: Income Analysis

This article is part one of a three-part series in which we’ll dig deeper into the first aspect of preparing your comprehensive written retirement income plan: the retirement income projection. This series is based on content that originally appeared in our book, Momma’s Secret Recipe for Retirement Success, and you can grab your copy here.

We’ve shared before how important it is to have a comprehensive written retirement income plan, and today we’re delving into the details of getting started. Step one in the four-part process is to do a Retirement Income Projection, which consists of three aspects:

  1. Income analysis
  2. Risk analysis
  3. Fee analysis

In this article, we’ll walk you through the income analysis step.

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Why Should Retirees Avoid Volatility?

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Understanding the Impact of Large Portfolio Losses on Your Retirement Security

The following is adapted from our book, Momma’s Secret Recipe for Retirement Success. Get your copy here to read more!
We think 15-years is a long time. If you’re 70, then 15-years could represent your life expectancy. That’s why we did significant research on the S&P 500 Index starting in 1999 and ending in 2013, back when we finished writing the text of one of our books titled Don’t Bet the Farm. Because we work with retirees, we wanted to review what had happened over the previous 15 years in the stock market to prepare for what types of pitfalls may lie ahead in the next 15 years based on normal average life expectancies. There was volatility, and there was growth. But what we ultimately found out was nothing short of astonishing.

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Designing a Retirement Asset Allocation Strategy Part III: Growth

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Designing a Retirement Asset Allocation Strategy Part III: Growth

How to Fill Your Second Bucket in Our ‘3 Bucket Safe Money Approach’

The following article features content adapted from the book Momma’s Secret Recipe for Retirement Success by Dan Ahmad, Jim Files, and Jack Canfield. Get your copy here!

At Peak Financial Freedom Group, we encourage you to get serious about your retirement security. We believe strongly in a comprehensive, written retirement income plan to tie everything about your money together, which we recommend doing with what we call the “3 Bucket Safe Money Approach.” If you’ve been reading our blog for a while now, you’ve seen articles about Bucket #1 and Bucket #2, where you allocate assets to retirement income and liquidity. Now, we’re going to discuss the importance of Bucket #3.

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Designing a Retirement Asset Allocation Strategy Part II: Liquidity

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Designing a Retirement Asset Allocation Strategy Part II: Liquidity

How to Fill Your Second Bucket in Our ‘3 Bucket Safe Money Approach’

The following article features content adapted from the book Momma’s Secret Recipe for Retirement Success by Dan Ahmad, Jim Files, and Jack Canfield. Get your copy here!

We’ve said it before, and we’ll say it again: You need a comprehensive, written retirement income plan if you’re serious about your retirement security. Your plan needs to tie everything about your money together, which we recommend doing with what we call the “3 Bucket Safe Money Approach.”

We wrote about Bucket #1 here in our first installment of articles on this topic, and you’ll want to read it before you continue below. Bucket #1 is the first step in your planning – the one where you determine how much income you need for the rest of your life and allocate the necessary assets to this pot of money. Bucket #2, which we’ll discuss in this article, is the second step in your planning. This is where you determine how much liquidity you need and allocate assets to this second pot of money accordingly.

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Answer These Three Questions to Know What You Really Want Out of Retirement

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Answer These Three Questions to Know What You Really Want Out of Retirement

Sharpen Your Focus on What Your Golden Years Mean to You

We’ve talked before about the importance of a written retirement income plan to set you up for an enjoyable retirement free from financial stress. However, there are three baseline questions you need to answer for yourself in order to clarify and solidify your plan. After all, any retirement plan can only be effective if you truly know what you want out of your retirement, right?

Ask yourself the three questions below – and answer them honestly – to sharpen your focus on what retirement means to you. Then, use the added clarity to develop the best-written retirement income plan for you.

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Retirement Resolutions for the New Year

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Resolve to Strengthen Your Financial Future Regardless of Where You Are in Your Working Life

Each new year brings with it the promise of a fresh start, a chance to reassess, and to begin again. It’s the time for resolutions, big dreams, and goal setting–and maybe even for building a new life in retirement. Whether you’re nearing that new phase of life, or you’ll be working for many more years, setting retirement resolutions can help you prepare for and strengthen your financial future. Resolutions are easy to break, but with the right amount of intention and commitment you can get on track for a fulfilling and successful retirement –and stay there. No matter where you are in your retirement planning, the retirement resolutions below can help you to strengthen your retirement plans as you step into 2022.

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