Tag: retirement planning

Are You Blind to Your Own Possible Financial Future?

Have you been led to believe that everything is great in your finances? Maybe you trust your advisor who says everything is okay. Perhaps you believe the news that everything is okay because the stock market keeps hitting all-time highs? Maybe you’re an optimist and just believe things will work out somehow and nothing bad will happen?

Here is your wake-up call: You can’t plan and handle your retirement finances this way. You’re putting your finances, and your family’s finances in jeopardy by hoping that you’ll get lucky.

Continue reading

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.

Continue reading

How To Reduce Your Fears About Your Money & Retirement

If you’re retired or near retirement, we can help reduce your fears about your money and retirement.

We can create a written retirement income plan for you that will serve as a roadmap, like navigation in your car, to make sure you don’t get lost during retirement.

We can help eliminate your fear of running out of money by helping you create dependable income guaranteed for life.

We can help you protect and grow your assets without taking excessive risks, by using multiple, conservative asset strategies, making sure you don’t lose what you’ve worked so hard for.

Continue reading

A Roadmap to Retirement Success

If you’re a retiree who worries a lot about your money, implementing a Roadmap to Retirement might be just what you need. Having a financial plan, in writing, works like the GPS navigation in your car, making sure you get where you want to go and don’t get lost in retirement.

A written retirement income plan will show you how much income you’ll receive from each source each year, what’s guaranteed and what’s not guaranteed. It will show you the amount of risk in your portfolio and the fees you’re currently paying and then the reduced risk and lower fees you’ll pay going forward.

Continue reading

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.

Continue reading

How to Estimate How Much You’ll Need to Retire

Four Steps to Arriving at Your ‘Enough’ Number

It’s tempting to think about retirement savings in black and white: there’s a “right” number you need to reach, at which point you have enough money saved to sustain your retirement. The trouble is, there is no right number because every retiree has a different picture of what their ideal retirement looks like. That means the amount of money you’ll need to retire could be vastly different – either far more or far less – than others your age, or even in your social circle. In order to truly understand what your retirement savings goal should be, you need to forget arbitrary numbers and come up with you own personal estimate.

Continue reading

The 3 Bucket Approach To Investing For Retirement

When it comes to retirement, most retirees want less risk, smaller losses, to earn a reasonable rate of return, liquidity, and income that is guaranteed for life.

That’s why we created our 3 Bucket Approach, using multiple conservative asset strategies.

Continue reading

Are You Risking Your Retirement with These Two Investment Myths?

successfully-retired-couple
Pervasive Misinformation Could Cost You in Retirement

In our many years working with clients, we have noticed a disturbing trend: most people are investing based upon two faulty premises, both of which are pervasive myths and neither of which are in an investor’s best interest:

  • The Myth of “Riding Out the Market”
  • The Myth of Getting a “10%+ Annual Return”

Have you heard these? Are you investing based upon them? If so, you’re not alone. However, we’re here to tell you that these myths are old-school and outdated, and they aren’t serving you as well as you may believe.

Continue reading

Your 401K Plan: Take Control at Any Age 59 ½ – Or Earlier

Are you comfortable with the risk, volatility, and potential losses in your 401K plan? We have found most people have a large portion of their retirement savings are dependent on their 401k plans, yet they don’t understand or even like their 401K. They feel stuck.

If you’re working and 59 ½ or older, the IRS allows you to enact an “In-Service Transfer” of your current 401K plan to your IRA of choice, and you won’t pay any income taxes on the transfer. An “In-Service Transfer” can be very beneficial for a 401k plan, if you are trying to reduce risk, fees, or establish a plan now that will provide you guaranteed lifetime income when you retire.

Continue reading

How To Turn Your Portfolio Into Dependable Monthly Lifetime Paychecks

The number 1 fear almost every retiree has is running out of money during retirement, however, there is a way that you can set yourself up for dependable income in retirement. If yours is not guaranteed to be paid to you for as long as you live, you’ll continue to worry day-after-day, year-after-year.

You can eliminate your fear of running out of money by creating income in retirement that’s guaranteed to be paid to you for as long as you live, regardless of stock market volatility, losses, or longevity.

Stocks can’t provide you a high level of income guaranteed for as long as you live, neither can mutual funds, bonds, bank accounts, or CDs.

Continue reading