The Next Step to Enhance Your Financial Security: A Second Opinion

When You’re Retired, You Need to Ensure Your Finances Are on Track

With the articles we publish here on our blog, many of which are based on content in our book Momma’s Secret Recipe for Retirement Success, we hope to take you down the path of “financial enlightenment.” We do it because some of the facts and strategies we share may be the complete opposite of what you have been told before. We want you to think differently – and to plan your retirement differently – because you have no other option than to succeed.

Your Two Retirement Planning Paths

Take a moment and think about where you are right now on your retirement planning journey because there are two paths for you to choose from:

#1 – You can “Keep Doing The Same Thing,” because you really love your current financial advisor or you really love to do the investing yourself. If you keep doing the same thing, you may keep risking your money, worrying about your money, and going without the things you saved the money for in the first place. If you take this path, we respectfully have to remind you that this is similar to the classic definition of “insanity.” You might have heard it said this way: “Insanity is continuing to do the same thing over and over again and expecting different results.” Either way, you heard it, please don’t get mad at us, this phrase is thought to be attributable to Albert Einstein. If you do the same things with your money you’ve been doing for the last 20 years, you may continue to get the same financial results, and potentially continue to place your financial security, and your family’s financial security, at risk.

#2 – You can “Get A Second Opinion” about your money from a trained retirement planner. The planner you work with should educate you on how to protect your money by reducing your risk, increasing your income, managing income taxes, and potentially reducing your fees. And the ultimate goal is to make you far more educated about your money than you are now. The Second Opinion about your money will tell you exactly where you stand right now with your plans for retirement and whether everything is on track or if you need to make changes to increase your probability of success. Isn’t that what you want right now? Either to know and verify you are doing everything you should be doing right now, everything is OK, and you are on track, or if you are currently not in the best position and you need to make changes to alter your course to increase your probability of success?


SEE ALSO: Your Roadmap to Success: A Comprehensive Written Retirement Income Plan


The Second Opinion about your money is imperative simply because you already have your first Opinion; it’s exactly what you are doing right now with your money at the advice of your current advisor or on your own. By definition, neither your current advisor nor you can give you a Second Opinion. Right now, if you had a major medical issue, even if you had a long-time doctor of 30 years, wouldn’t you seek a Second Opinion about your health? Of course, you would. You’d want to make sure you know exactly where your health stands right now and what options you have as the best treatment plan to get you as healthy as possible and as quickly as possible.

It’s the exact same thing with your money. Right now, if you’re already retired, your current assets are all you have, and you are not working and adding to your accounts any longer, you can’t afford to lose it or waste any of it. The Second Opinion about your money has no risk at all to you, and you should feel no guilt whatsoever in trying to find out about your money because it’s your money, not your advisor’s money.

Meeting with a New Financial Advisor

When you meet with a new advisor, there are generally two possible outcomes from your Second Opinion about your money:

#1 – They tell you that your current plan is on track and there may not be anything you need to do that would dramatically increase your probability of success during retirement. How would you feel if you were told everything was great? How would you feel if your success was verified? I bet you’d feel pretty good.

#2 – They will complete a comprehensive analysis and tell you things you should modify to increase your probability of having a successful retirement. Some people may only need to make minor while others will need to make major changes. But whether you need a little work or a lot of work, wouldn’t you rather find out right now that your plan for retirement has deficiencies or would you rather find out five years from now when it could be too late?

Everyone needs a Second Opinion about their money; it doesn’t matter who you are, the amounts or types of assets you have, or how long you have worked with your current advisor. If you are willing to spend some time working on your finances, and you meet minimum asset requirements, many top retirement advisors across the United States will give you a free no-obligation Second Opinion about your money. You can request they tell you how much risk you’re taking and how you can reduce your potential for loss, the fees you’re actually paying and how you can reduce your costs, how much income you can safely take out of your accounts and guarantee it for life, how much income tax you will pay by increasing your income, and how much money you can potentially leave to your beneficiaries.


SEE ALSO: Why Should Retirees Avoid Volatility?


In addition, simply by going through this type of process with a qualified professional who cares about your well-being, some advisors will actually be willing to give you a free financial plan at the end of the planning process that includes a retirement income projection, a tax projection, and a beneficiary projection. We have seen some advisors provide this industry-leading level of service to retirees and pre-retirees whether you become their client or not. Wouldn’t that be cool if it was free and there was no obligation? Have them put it in writing for you. You may ask why certain professionals would conduct their business this way – so upfront, so transparent, so little pressure on the consumer? It’s so they can get in front of more clients just like you who want help and information but don’t want to feel any kind of pressure of any kind, at any time, during the process.

Is This the Moment You Take a Step Towards Greater Financial Security?

Now it’s time to take the next step, go get your Second Opinion about your money as soon as possible. We promise you’ll feel a lot better about your money after you do!

And, if you’d like to have a conversation with us, you can schedule one here. At Peak Financial Freedom Group, we believe it’s important that you feel you have control over your future as you work to achieve financial security in retirement. We provide a Second Opinion Service, and we would be happy to meet with you in person or via Zoom. Give us a call today!

Peak Financial Freedom Group
2520 Douglas Boulevard, Suite 110
Roseville, CA 95661

DISCLOSURE:

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 financial product. 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. 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 $1,000,000 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.


All investments involve risk, can involve the loss of principal, and unless otherwise stated, are not guaranteed. Past performance is no indication of future performance and such information cannot be relied upon regarding future potential gains. 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. 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), and 2022(4) Five Star Professional Wealth Manager Award - Dan Ahmad and Jim Files have been nominated for and have won the 2019, 2020, 2021, and 2022 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 the 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).

© 2020 Peak Financial Freedom Group