Our clients want a comprehensive written retirement income plan and retirement solutions they can count on. At Peak Financial Freedom Group, our entire process is focused on delivering you a Comprehensive Written Retirement Income Plan.
A written plan can be used as a measuring stick to track proper progress, and explain every detail of your plan for retirement success. Having a written financial plan will help you avoid confusion, mistakes, misunderstanding, and will significantly improve the probability of a successful retirement plan.
One of the biggest fears almost every Retiree has is running out of money, so retirees need to create dependable income, they need a guarantee they’re not going to run out of money for as long as they live. That sounds pretty simple, but it’s very difficult for retirees to figure out how to do this. They get conflicting advice. To eliminate the fear of running out of money you first need to decide how much income you want to be “Certain Income” – income that is guaranteed to be paid to you for as long as you live. Secondly, you will need to decide how much income you’re comfortable with being “Maybe Income” – income that is not guaranteed and can decrease or stop at any time.
Right now, if the stock market crashes, how much will you lose? You probably have no idea, and it’s probably a lot more than you think, and a lot more than you could withstand. It’s imperative you know how much risk you are taking, in writing. You need to have a risk stress test performed on your portfolio, just like a cardiac stress test you would have the doctor perform on your heart. Once you know how much risk you are taking currently, it makes it very easy to decide your next steps.
At Peak Financial Freedom, we help retirees look at what they must prioritize as their number one financial goal: Asset protection against big losses which maximizes their income and increases the probability you won’t run out of money for your entire lifetime.
Many Retirees think they are paying 1% in total fees on their portfolios, because that’s all they can see on their statements or that’s what their broker has told them. But what if you found out that you, like most Retirees we have seen, are actually paying upwards of 3% or even more per year in fees? That could really hurt your plans for retirement. In addition to making the fees you pay transparent, for the vast majority of our clients we have been able to provide significantly lower total fees, which includes advisory fees and hidden fees.
To minimize fees, you have to understand all of the potential fees you could be paying, which we can help with. We have sophisticated software to help us uncover even the hidden fees. The bad news is that you may have paid far too much in fees during the last many years. The good news is that you no longer have to pay more than you should in fees once you schedule a complimentary financial planning review with us.
It’s a fact that Retirees and Pre-Retirees fear big losses and running out of money, but we have found that many Retirees are just as afraid of paying income taxes. Many Retirees believe they will pay a huge amount of income taxes if they use their assets for income, or increase their income, so they don’t use their assets. The fact is that most Retirees will not be in a high effective tax bracket so they should take income from their assets to live the retirement of their dreams. Peak’s retirement planning guidance includes helping our clients navigate tax issues and utilize their assets today.
The majority of Retirees feel very uncomfortable increasing their income significantly during retirement because they’re afraid of getting killed with income taxes, and it’s simply because no one has explained how the income tax rates actually work. It’s very sad, but some Retirees won’t use any of their money at all due to their paralyzing fear of taxation. While you were working, you saved your money so you could use it during retirement. You didn’t save it to not use it because you were worried about how much income taxes you would pay. Schedule a meeting with us and we’ll go over retirement tax planning strategies in detail with you.
We offer a complimentary "Get Acquainted" meeting to learn about your goals and see if our services are right for you.
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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