Tag: wealth management

Episode 10: Sometimes the Best Advice is the Hardest to Hear

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When it comes to business relationships, people have different kinds of friendships and partnerships, but what does that mean for your relationship with your advisor? Because an advisor is someone you’re depending on to help set yourself up for success in retirement, you want an advisor that you can trust and rely on. In this episode of the Peak Financial Freedom Show, Jim and Dan discuss what role your advisor should play in your life and why you may not always love the financial advice you hear. Then, later in the episode, Jim and Dan show you how creating never-ending income in retirement may not be as outlandish of a dream as you may think.

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Episode 4: Removing Fear from Your Finances

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Too often, people aren’t equipped to fully comprehend their finances causing them to be too scared of what could happen with their money that it’s hindering their decision making. Luckily, Jim and Dan have the tools you need to tackle your financial fears and fully take control of your financial situation. Later in the show, Jim and Dan focus on how fear of money in retirement can cause more harm than good and offer their answers to all of your burning retirement planning questions.

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Have You Ever Had Your Entire Portfolio Analyzed?

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No matter how much you’ve saved for retirement, whether on your own or with an advisor, you can never be completely confident of your finances without having your entire portfolio analyzed. You may have stocks, mutual funds, maybe some bonds, and perhaps you’ve even been told you’re diversified and don’t have too many risks. 

But, do you know for certain, 100 percent, that your portfolio will be okay if the stock market crashes? Unless you’ve had your entire portfolio analyzed, the answer is most likely no. The best way for you to be confident of your portfolio is to place it under a microscope and have a total portfolio audit. A total portfolio audit will:

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Warning Signs About Your Money

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Most retirees who have saved a significant amount of money for retirement rely on a financial professional to help them make the best decisions with their money. What your advisor does, and says, will tell you if you should feel confident with his/her advice. Here are some telltale warning signs:

#1- You don’t have a comprehensive written retirement income plan, nothing is in writing.

#2- You are told to “Ride It Out” or “Hang In There” when you are suffering through large losses.

#3- Your advisor acts like your dad, he/she acts like your money is their money. 

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Are You Blind to Your Own Possible Financial Future?

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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.

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Episode 2: Risk and Reward – The Questions You Should be Asking Your Financial Advisor

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Many people don’t know what to ask their financial advisors, but they know their own feelings. They worry about making a financial mistake or losing a lot of money, about running out of resources in retirement, and whether they’ll be able to leave a legacy for their children and grandchildren. In this episode, Jim and Dan explain how tapping into your feelings, identify your fears, and talking to your financial advisor is the best way towards finding solutions.

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Season Premiere: The Peak Plan – Nixing Hidden Fees and Showing You How Every Dollar Gets Spent

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The average consumer doesn’t often know all the money management or hidden fees they’re paying, which can cause confusion and also chip away at your retirement nest egg year after year. Jim and Dan discuss why understanding all the hidden fees you’re paying is critical to safeguarding your wealth so you can retire well and with peace of mind, knowing you can achieve your financial and lifestyle goals for this phase of your life.

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Five Financial Tips for Your Second Marriage

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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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Annuity Myths (Lies) People Will Tell You: Part 3

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People will tell you myths about fixed index annuities with income riders because they don’t really understand how they work, or because they want to sell you something else.

Myth #11 – Your income will never increase. NOT TRUE. Some plans offer guaranteed lifetime income with the potential for annual increases that get locked in for life.

Myth #12- Other traditional Wall Street type assets will guarantee your principal against losses, provide guaranteed lifetime income, and provide the opportunity for growth. NOT TRUE. Fixed index annuities with income riders, provide these benefits, stocks, bonds and mutual funds don’t.

Myth #13- Annuity companies aren’t safe, they fail all the time and people lose their money. NOT TRUE. No one has ever lost any of their guaranteed principal from an insurance company failing. 

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All of the information presented here is provided and intended to be used for general educational and informational purposes only and is not intended as a solicitation for you to buy or sell any security or financial product. The content is developed from sources believed to be providing accurate information. None of the information presented is intended to give you specific tax, investment, real estate, legal, estate, or financial advice but rather to serve as an educational platform to deliver information. The ideas, thoughts, and strategies presented here are those of the Management Team and provide an insight to our views on Peak Financial Freedom Group, LLC. Some of this material was developed and produced by Peak Financial to provide information on a topic that may be of interest. Every detail in this website is subject to change without notice. Seminar, radio shows, TV productions, book releases, magazine and book promotions are sponsored, promoted and paid for by Peak Financial Freedom Group, LLC.

2nd Opinion Package available to Qualified Retirees and Soon-To-Be-Retirees may include free consultations, a free retirement income plan, risk analysis, and fee analysis. In addition, a comprehensive written retirement income plan may be provided to those who complete the entire process. Qualified Retirees and Soon-To-Be-Retirees must have a minimum of $500,000 of investible assets such as IRA’s, 401K’s from past employers, stocks, bonds, mutual funds, bank accounts, money markets, CD’s, etc., but DOES NOT include real estate, businesses, limited partnerships, 401K/retirement plans that can’t be moved to another plan, and other illiquid type assets.

Past performance is no indication of future performance and such information cannot be relied upon regarding future potential gains. Investing involves risk. There is always the potential of losing money when you invest in securities. Asset allocation, diversification and rebalancing do not ensure a profit or protect against loss in declining market. Advisors and agents may only conduct business with residents of the states or jurisdictions in which they are properly registered or licensed and not all of the securities, products and services mentioned are available in every state or jurisdiction.

Nothing is directly or indirectly guaranteed by this information. The planning and ideas presented herein are not suitable for all individuals or situations. Hypothetical examples are used to explain concepts and are not indicative of potential results you could receive; past performance is not a guarantee of future results; and results are not indicative of any particular investment or income tax situation; your results will be different and could be lower or higher. Please consult legal or tax professionals for specific information regarding your individual situation. Peak Financial does not offer tax or legal advice. Consult your financial professional before making any investment decision.

Insurance product features and benefits, such as guaranteed lifetime income riders, are subject to contract terms, limitations, fees, and the claims paying ability of the insurance company issuing the contract. The sale or liquidation of any stock, bond, IRA, certificate of deposit, mutual fund, annuity, or other asset to fund the purchase of any other asset including an annuity may have tax consequences, early withdrawal penalties, or other costs and penalties as a result of the sale or liquidation. Different assets can be complex and carry fees, costs, and surrender charges. If you place assets under management with Fiduciary Solutions LLC, we are paid an advisory fee from Fiduciary Solutions LLC and if you purchase an annuity through us, we are paid commissions from an insurance company.

2019(1), 2020(2), 2021(3), 2022(4), 2023 (5) and 2024 (6) Five Star Professional Wealth Manager Award - Dan Ahmad and Jim Files have been nominated for and have won the 2019, 2020, 2021, 2022, 2023 and 2024 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 California Registered Investment Advisor. Insurance products and services are offered through PFFG Insurance Agency LLC, a licensed insurance agency (CA Insurance 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).

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