17 Burst results for "Dan Ahmed"
KSFO-AM
"dan ahmed" Discussed on KSFO-AM
"Called Pound 2 50 say the keyword money that's pound 2 50 the keyword money reach out to the Peak Financial Freedom Group team today called Pound 2 50 say the key word money. Here's another mailbag question is from Carla. She lives in Stockton. She says. Hi, guys. My husband are both in the medical field and have worked for many employers and saved a lot of money. We have 641 K sitting at our old companies in each had before one K at our current companies. We have five additional Irish between US three Roth Irish to brokerage account for separate funds and three bank accounts or assets totaled $2.8 million. We each will get a pension and social security. Just the statements. We get every quarter overwhelm us. What can we do to stop feeling so out of control and get a handle on our money? We have no idea how much risk we're taking. The feet were pain. How much income we can take out of our assets. How long our money will ask how much text will will have to pay and what we can leave to our Children? What do we need to do to get our money under control? Well, you look at where you're at Carlin. You guys have done a great job in accumulating assets, almost $3 million of assets. It's awesome. The problem is you have so many a counter. We've seen this many, many times. So many accounts so many different statements. It's literally impossible for you to put it together in your minds how you're going to use your assets to create the Income in the safety and security are going to need during retirement because you have so many accounts, one of the things we do when we start working and putting a plan together, as will list out every single account you have and how that account is allocated and will show how much overall risk you have. So we'll look at everything you have put in different columns and you'll see it on one screen. Here's what you have. Now. Here's how much risk we have after you do the re stress test. So let's say we show on the screen that you have $2.8 million of assets and you end up having a 40% risk factor. That would then mean if the market crashes like you did in 2000 and eight you'll probably lose or be prepared to lose about $1.2 million. So you have to be willing to say Yeah, I'm okay with that type of loss, and I'm okay if my $2.8 million goes down to 1.6 million, and right now I have to say you wouldn't be willing to do that. But you have to be willing to see that Now you can make a decision. Then we'll show how we're going to reallocate those assets into something that makes you and your husband feel comfortable. So how much risk do you really want to take? If you have $2.8 million, maybe we'll say $200,000 is your max loss. If that was the case, then it really means you're going to have to decrease your risk from 40% probably down to about 6 to 7% Jim. That would be the percent of risk we'd have to design in the portfolio. That's right. Dan and Consumers don't think this can be done because most people are just used to either putting their money in a 41 K plan and just watching it or even if they have an advisor, the advisor will put it in a diversified portfolio and the portfolio will kind of do what it's going to do. It will go up. If the market goes up. Hopefully it will go down that the market goes down and there's told to stay the course. But you can actually design a plan. You can actually identify your objectives. What you want your money to do for you how much risk you're willing to take? And you can actually dial it down, of course, is based on historical data point, But we can get a very, very good idea within a very tight range. How much risk you're willing to Take and accept so that you have a better feeling at a better comfort level with your money. We'll give it real quick example that said they have $2.8 million and we now position $1.4 million into an asset that has no risk and $1.4 million continues to have their same 40% risk. It means they've cut their risk in half right now, instead of a 40% risk factor, they might be in a 20% risk factor, which is still too high in our estimations, But it's just a great way to teach people just how something simple like that. Can reduce their overall risk. That's right. You know, there are different asset classes that do different things. And what you have to do is go to an advisor that deals with all these different asset classes so they can design a plan based on your objective because without those objectives being met Carla, you are going to go through life concerned about your money. If you're listening out there and you have any questions and want to talk to us about this topic or any other feel free, just dial pound 2 50 on your cell phone and say the keyword money Pound 2 50 on your cell phone and say the keyword money we look forward to hearing from you. You're listening to the peak Financial freedom. Our with Jim files in Dan Ahmed of Peak Financial Freedom Group. Remember if you have any questions or want to get a complimentary review of your financial plan? Pick up your cell phone and dial the number pounds to 50 and say, the keyword money again dial pound 2 50 on your cell phone and say the keyword money. Let's turn it back over to Jim and Dan Today we're talking about retirement checklist. What you need to make sure is in order to have a secure retirement. The first one is number one risk. Make sure you know how much risk you're taking in writing, which you do not have right now that must be in writing. And then Schamus risk you're willing to take and then match those up. Second is a budget a golden retirement budget. Which means how much money do you want to spend per month to make sure you have a wonderful retirement. The third is being able to determine how much you can say they take out of your assets. Fourth is longevity risk to develop a three bucket approach that will allow you to take out a higher percentage of your assets.
KSFO-AM
"dan ahmed" Discussed on KSFO-AM
"Three Roth Irish to brokerage account for separate funds and three bank accounts or assets totaled $2.8 million. We each will get a pension and social security. Just the statements. We get every quarter overwhelm us. What can we do to stop feeling so out of control and get a handle on our money? We have no idea how much risk we're taking. The feet were pain. How much income we can take out of our assets. How long our money will ask how much tax will have to pay and what we can leave to our Children. What do we need to do to get her money under control? Well, you look at where you're at Carlin. You guys have done a great job in accumulating assets, almost $3 million of assets. It's awesome. The problem is you have so many a counter. We've seen this many, many times. So many accounts so many different statements. It's literally impossible for you to put it together in your minds how you're going to use your assets to create the Income and the safety and security are going to need during retirement because you have so many accounts, one of the things we do when we start working, and putting a plan together as well will list out every single account you have and how that account is allocated and will show how much overall risk you have. So we'll look at everything you have put in different columns and you'll see it on one screen. Here's what you have. Now. Here's how much risk we have. After you do the re stress test. So let's say we show on the screen that you have $2.8 million of assets. And you end up having a 40% risk factor. That would then mean if the market crashes like it did in 2000 and eight you'll probably lose or be prepared to lose about $1.2 million. So you have to be willing to say Yeah, I'm okay with that type of loss, and I'm okay. If my $2.8 million goes down to 1.6 million, and right now, I'd have to say you wouldn't be willing to do that. But you have to be willing to see that. Now you can make a decision. Then we'll show how we're going to reallocate those assets into something that makes you and your husband feel comfortable. So how much risk do you really want to take? If you have $2.8 million, maybe you'll say, $200,000 is your max loss. If that was the case, then it really means you're going to have to decrease your risk from 40% probably down to about 6 to 7% Jim. That would be the percent of risk we'd have to design in the portfolio. That's right. Dan and Consumers don't think this can be done because most people are just used to either putting The money in a 41 K plan and just watching it or even if they have an advisor, the advisor will put it in a diversified portfolio in the portfolio will kind of do what it's going to do. It'll go up if the market goes up. Hopefully it will go down that the market goes down and they're told to stay the course. But you can actually design a plan. You can actually identify your objectives. What you want your money to do for you how much risk you're willing to take? And you can actually dial it down, of course, is based on historical data point, But we can get a very, very good idea within a very tight range. How much risk you're willing to Take and accept so that you have a better feeling at a better comfort level with your money. We'll give it really quick example that said they have $2.8 million and we now position $1.4 million into an asset that has no risk and $1.4 million continues to have their same 40% risk. It means they've cut their risk in half right now, instead of a 40% risk factor, they might be in a 20% risk factor, which is still too high in our estimations, But it's just a great way to teach people just how something simple like that can reduce their overall risk. That's right. You know there are different. Asset classes that do different things. And what you have to do is go to an advisor that deals with all these different asset classes so they can design a plan based on your objective because without those objectives being met Carla, you are going to go through life concerned about your money. If you're listening out there and you have any questions and want to talk to us about this topic or any other feel free, Just dial pound 2 50 on your cell phone and say the keyword money Pound 2 50 on your cell phone and say the keyword money we look forward to hearing from you. You're listening to the peak Financial freedom. Our with Jim files in Dan Ahmed of Peak Financial Freedom Group. Remember if you have any questions or want to get a complimentary review of your financial plan? Pick up your cell phone and dial the number pounds to 50 and say, the keyword money again dial pound 2 50 on your cell phone and say the keyword money. Let's turn it back over to Jim and Dan Today we're talking about retirement checklist. What you need to make sure is in order to have a secure retirement. The first one is number one risk. Make sure you know how much risk you're taking in writing, which you do not have right now that must be in writing. And then Schamus risk you're willing to take and then match those up. Second is a budget a golden retirement budget, which means how much money do you want to spend per month to make sure you have a wonderful retirement. The third is being able to determine how much you can say if they take out of your assets. Fourth is longevity Risk, develop a three bucket approach that will allow you to take out a higher percentage of your assets for income. Then you were normally taken out without the worry of running out and the fifth is probably the most important that is having written retirement income plan have everything you're doing in writing in so many people. There was a study done a couple months ago, and it asked people do you have a retirement plan? And 66% of people said Yes, I have a retirement plan. Well, what the study was really doing was trying to find out. Do you have a written retirement income plan and 66% of people answer. They had a retirement plan to meeting they had a retirement account. An IRA or 41 k your brokerage account. Very few people ever. I have a rent retirement plan in 37 years in business. I've seen two people come in my office that actually had a written retirement income plan that we would call a plan. And when you have this type of plan, you want to make sure that there's certain components in it. And there's four major components number one is the retirement income projection. You want to make sure inside of your plan. You have a retirement income projection. That'll show for the next 30 years of your life all the way through retirement. How much income you're going to get per year where each income source is going to come from Wendy Chicken sort starts, stops increases and decreases. And you know that money is going to be coming into you. Part of that Also do would be a risk analysis to make sure taking the proper risk. And if the analysis to make sure you're not paying too much in fees, the second is that an income tax analysis of the show How much tax you're going to pay as a percentage of the income. So you know what your effective tax rate is. How much withholding you need on a monthly basis. And, most importantly, what is your net after tax income per month going to be so you know, you have enough to pay for everything. The third then is a legacy analysis, so to show after you've used your assets for income after the errand, modest rates return. How much can you then possibly leave your beneficiaries? When you're gone down the road, The fourth would be a complete written plan detailing everything about your money. The advantages. The disadvantage is the cost.
KGO 810
"dan ahmed" Discussed on KGO 810
"Five additional Irish between US three Roth Irish to brokerage accounts for separate funds and three bank accounts. Assets. Total $2.8 million. We each will get a pension and social security. Just the statements. We get every quarter overwhelm us. What can we do to stop feeling so out of control and get a handle on our money? We have no idea how much risk we're taking. The feet were pain. How much income we can take out of her assets. How long our money will ask how much tax will have to pay and what we can leave to our Children. What do we need to do to get our money under control? Well, you look at where you're at Carlin. You guys have done a great job in accumulating assets, almost $3 million of assets. It's awesome. The problem is you have so many a counter. We've seen this many, many times. So many accounts so many different statements. It's literally impossible for you to put it together in your minds how you're going to use your assets to create the Income and the safety and security are going to need during retirement because you have so many accounts, one of the things we do when we start working and putting a plan together as well List out every single count you have and how that account is allocated and will show how much overall risk you have. So we'll look at everything you have put in different columns and you'll see it on one screen. Here's what you have. Now. Here's how much risk we have after you do the re stress test. So let's say we show on the screen that you have $2.8 million of assets and you end up having a 40% risk factor. That would then mean if the market crashes like it did in 2000 and eight you'll probably lose or be prepared to lose about $1.2 million. So you have to be willing to say Yeah, I'm okay with that type of loss, and I'm okay. If my $2.8 million goes down to 1.6 million, and right now, I'd have to say you wouldn't be willing to do that. But you have to be willing to see that Now you can make a decision. Then we'll show how we're going to reallocate those assets into something that makes you and your husband feel comfortable. So how much risk do you really want to take? If you have $2.8 million, maybe you'll say, $200,000 is your max loss. If that was the case, then it really means you're going to have to decrease your risk from 40% probably down to about 6 to 7% Jim. That would be the percent of risk we'd have to design in the portfolio. That's right. Dan and Consumers don't think this can be done because most people are just used to either putting The money in a 41 K plan and just watching it or even if they have an advisor, the advisor will put it into diversified portfolio in the portfolio will kind of do what it's going to do. It'll go up if the market goes up. Hopefully it will go down if the market goes down, and they're told to stay the course. But you can actually design a plan. You can actually identify your objectives. What you want your money to do for you how much risk you're willing to take? And you can actually dial it down, of course, is based on historical data point, But we can get a very, very good idea within a very tight range. How much risk you're willing to Take and accept so that you have a better feeling at a better comfort level with your money. We'll give it real quick example that said they have $2.8 million and we now position $1.4 million into an asset that has no risk and $1.4 million continues to have their same 40% risk. It means they've cut their risk in half right now, instead of a 40% risk factor, they might be in a 20% risk factor, which is still too high in our estimations, But it's just a great way to teach people just how something simple like that. Can reduce their overall risk. That's right. You know, there are different asset classes that do different things. And what you have to do is go to an advisor that deals with all these different asset classes so they can design a plan based on your objective because without those objectives being met Carla, you are going to go through life concerned about your money. If you're listening out there and you have any questions and want to talk to us about this topic or any other feel free, just dial pound 2 50 on your cell phone and say the keyword money Pound 2 50 on your cell phone and say the keyword money we look forward to hearing from you. You're listening to the peak Financial freedom. Our with Jim files in Dan Ahmed of Peak Financial Freedom Group. Remember if you have any questions or want to get a complimentary review of your financial plan? Pick up your cell phone and dial the number pounds to 50 and say, the keyword money again dial pound 2 50 on your cell phone and say the keyword money. Let's turn it back over to Jim and Dan Today we're talking about retirement checklist. What you need to make sure is in order to have a secure retirement. The first one is number one risk. Make sure you know how much risk you're taking in writing, which you do not have right now that must be in writing. And then Schamus risk you're willing to take and then match those up. Second is a budget a golden retirement budget, which means how much money do you want to spend per month to make sure you have a wonderful retirement. The third is being able to determine how much you can say if they take out of your assets. Fourth is longevity Risk, develop a three bucket approach that will allow you to take out a higher percentage of your assets for income. Then you were normally taken out without the worry of running out and the fifth is probably the most important that is having written retirement income plan have everything you're doing in writing in so many people. There was a study done a couple months ago, and it asked people do you have a retirement plan? And 66% of people said Yes, I have a retirement plan will what the study was really doing was trying to find out. Do you have a written retirement income plan and 66% of people answer. They had a retirement plan to meeting they had a retirement account An IRA or 41 k your brokerage account. Very few people ever have a retirement plan in 37 years in business. I've seen two people come in my office that actually had a written retirement income plan that we would call a plan. And when you have this type of plan, you want to make sure that there's certain components in it. And there's four major components number one is the retirement income projection. You want to make sure inside of your plan. You have a retirement income projection that a show for the next 30 years of your life all the way through retirement. How much income you're going to get per year where each income source is going to come from Wendy Jacobs sort starts stops increases in Decreases and you know that money is going to be coming into you. Part of that also do be a risk analysis to make sure taking the proper risk. And if the analysis to make sure you're not paying too much in fees, the second is that an income tax analysis of the show How much tax you're going to pay as a percentage every income. So you know what your effective tax rate is? How much withholding you need on a monthly basis. And, most importantly, what is your net after tax income per month going to be so you know, you have enough to pay for everything. The third then is a legacy analysis. So to show after you've used your assets for income after Aaron modest rates return, how much can you then possibly leave your beneficiaries? When you're gone down the road, The fourth would be a complete written plan detailing everything about your money. The advantages. The disadvantage is the cost of peace. What your goals are, how we're going to achieve.
KSFO-AM
"dan ahmed" Discussed on KSFO-AM
"With Jim Files and Dan Ahmed of Peak Financial Freedom Group. Remember if you have any questions or want to get a complimentary review of your financial plan, pick up your cell phone and dial the number pounds to 50 and say, the keyword money again dial pound 2 50 on your cell phone and say the keyword money. Let's turn it back over to Jim and Dan Gym Today we're talking about the concept of opening your eyes to your financial position, and I think a lot of people you know it's hard for them to open their eyes and look what they Have because they're afraid of what they might see. And we understand that our job is to make them feel comfortable opening their eyes, then designed a plan that they can actually read and see. And when someone gets everything in writing, guess what they don't mind Opening their eyes is what we find. Let's talk about something that we see. A lot of people completely closed on the rise. In fact, they squish their eyes together so tight they don't want to look at it because it's a very dark subject and that's long term care. And when you look at long term care as a financial subject is very, very tough to really come up with a really good solution. If you're a consumer because you say, Okay, gosh, I've heard long term care premiums are really expensive. And I heard they keep the premiums keep going up, and I hear that a lot of older people terminate their policies before they need the coverage. And if they if you die, you've lost all those premiums and all those things could definitely be true. You also then look at the statistics that two out of three of us are going to need long term care. The average cost probably somewhere around $7500 a month, So it's something you really can't keep your eyes closed about. So we look at some alternatives. So let's say normal. Long term care doesn't work because the premiums are so high and you're worried you're going to get a 60 80 9100% increase, So we have two different strategies. One is just an old school life insurance policy by an old school, whole life insurance policy that has a long term care writer on it. What that does is it locks in and guarantees your premiums. Can never be increased for as long as you live. It guarantees they can ever get rid of the long term care coverage for as long as you live, and it guarantees that Assad you're paying your premiums that long term care coverage.
KGO 810
"dan ahmed" Discussed on KGO 810
"We have another mailbag question Peril. She is over there in Citrus Heights. And she says, the thought of having an actual plan like you guys always talk about on the radio. It really sounds awesome. Everything in writing so we can finally understand our money. We've had advisers over the years and I've never had a written plan. We've done it ourselves at times and, of course, have never had a written plan because we didn't know how to create it ourselves. We have almost $1.9 million saved. Is this enough for an actual plan or do we have to continue to work and save a lot more? Can you please describe again? Exactly what a written plan is. And how this works, Carol. Great question. You're right on track. It is time that you demand a written plan. Without a written plan. It's like building a house without an architect. You have to have a plan in place and the problem out there today in the industry. There's very few firms that actually do written comprehensive plants because unless you have a comprehensive plan in place, you're going to go blindly through life and hope that is going to work out and you ask what is a written plan consist of. Well, I can tell you what are written plants consist of It's a variety of steps that have to be taken place before a plan to put in place. First of all, we have to do a risk analysis for you. We have to determine how much risk you currently have in your portfolio that we have to do a fee analysis for you. Then we have to identify every single objective you and if you're married your husband have and we document those objectives. Then we have to understand how much are you willing to lose in the next market crash? Once we have that information, then we start the process of the plan. The first thing we do is build an income plant Indian. Besides, we do the income plan. What would be next in the process? Once you do the income plan, and that fits someone's objectives, and we have to find out how much tax they're going to pay and what their net income is going to be after taxes. So let's say if we create a plan that generates 100 and $50,000 of income per year, and that's approximately $12,500 of income per month. Gross income before taxes. What are they going to receive net and a lot of people think back to their working days and take Oh my gosh, I only got half of my money Net income each month. Well during retirement. If you're generating $12,500 gross income, you're probably going to net somewhere around $10,000 or a little bit more after taxes. So you end up having maybe close to 80% of what you're going to gross, which makes it easy then to hopefully have a great retirement and that tax analysis is key, because what everybody wants to do? Is create that information. They want to know how much can I spend per month without worrying about my money running out and without having to worry that I'm either overspending or taking a big loss and have to stop spending my money, So we want to help you feel comfortable spending the money without guilt or worry, then we have to do If you're concerned about your beneficiaries, or just concerned about future costs in the future for yourselves, we gotta find out based on conservative numbers. What you can potentially have left later down the road. Whether it's for you for medical costs or long term care costs are big purchases or how much you're going to be able to leave your beneficiaries. If that's important to you, So we want to use conservative numbers. Then we have to tie everything together. And that comes down to writing out anywhere from a 12 to 24 page document, a written document that goes through everything about your money and your plan what you had when you came in to see us what your worries were, what you're trying to accomplish. Then how we're going to create a plan. What are the advantages and disadvantages of that plan where the cost and piece of your new plan or whether the step by steps you're going to have to go by to make sure you have a high probability Your plan's gonna work, And then we read that out loud to you. We sign it, and now you have something. That's a document that shows what you should be able to expect to happen over the next 30 years of your retirement time. If you're listening out there and you have any questions. And want to talk to us about this topic or any other feel free. Just dial pound 2 50 on your cell phone and say the keyword money Pound 2 50 on your cell phone and say the keyword money we look forward to hearing from you. You're listening to the peak Financial freedom. Our with Jim files in Dan Ahmed of Peak Financial Freedom Group. Remember if you have any questions or want to get a complimentary review of your financial plan, pick up your cell phone and dial the number pound 2 50 say the keyword money again dial pound 2 50 on your cell phone and say the keyword money. Let's turn it back over.
KGO 810
"dan ahmed" Discussed on KGO 810
"The city's downtown area, two of them critically. They're looking for a suspect You're listening to ABC News. Now checking KGO traffic. A two car crash in, uh Daly City to 80 South Bend, A Hickey Boulevard had closed the two left lanes. They just barely reopened that it had been a temporary sigalert. Still some debris that they're cleaning up from the roadways there. Some ramp closures due to construction. Los Altos to 80 northbound Magdalena onramp Close The page Milan Rampy in Palo Alto to south down to 80 closed until seven A.m. Hayward, the A street off ramp from north Beyond 80, a solo crashed there blocking the left lane, a grass fire burning off of 80 eastbound enrichment. Just before Solano Avenue and a bucket causing problems on 8 80 north Beyond in San Jose at Stevens Creek Boulevard. It is in the middle lane with KGO traffic. I'm Dean Michaels. Following show is paid for by peak Financial Freedom Group LLC. The views, opinions and beliefs expressed are those of Peak Financial Freedom Group LLC and don't necessarily reflect those of the staff management ownership of KGO ksfo, cumulus media or other partners. The following program is a paid promotion sponsored by Peak Financial Freedom Group. Welcome to the Peak Financial Freedom, Our With Jim Files in Dan Ahmed Peak Financial Freedom Group. We know many of the issues you face in retirement. Don't have a black and white answer..
KSFO-AM
"dan ahmed" Discussed on KSFO-AM
"And say the keyword money style pounds to 50 on your cell phone and say the key word money. All right. We have another mailbag question and this is from an and she's from Davis. She says. Hi, guys. I heard you on the radio talk about stress testing my portfolio Are you talking about? How stressed I am about my portfolio because they don't need a test for that. I am stressed out and worried. Every day makes it hard to sleep. What is a stress test for my portfolio? It sounds more like a mental or medical tests and financial one. And how does it work? How can I get this done and whether that here was kind of funny that we described that, But you're not the only one that stressed out about their portfolio. We see people every single day that come in and seek a second opinion, and they're totally anxiety all they worry about their portfolio constantly, particularly since we've been in such a large and long bull market run. They're afraid every day that what happens when the market reset. How much am I going to lose? And they haven't been given these answers. So your question is very timely is something that every single consumer listening to the show should have done on their portfolio. It's have a stress test to determine how much risk you have right now. In detect correspond with your objectives likely It won't and what we do here at our firm. As we use outside third party firms, they do their research firms. They have developed software and systems for us to take your portfolio. We will take each position you have in your portfolio. We will entered into the system. This portfolio tracks every trade of every securities since 2004. They will go back to 2008 and nine and determine and estimate how much you would have lost based on how you can Configured in position today. Then what they do is they do a projection based on how your portfolio is correlated to the general market and other volatility and statistical measurements. They will determine on an estimated basis. What you're likely LaDuke they lose in the next market crash. This is extremely extremely valuable information, because now it will tell you exactly what you've asked here. Is how much risk do I really have in my portfolio, and unless it's done scientifically, you just guessing out that when Jim made it sound very complicated and very scientific, but it's really easy. Basically, we're going to enter the data and we're going to show you one page is going to say if the market as well, Here's how much you would be projected to make. If the market is terribly here's how much are projected to lose. It would be that simple right at the end of the process, But Jim's right, there's so many pieces of data and so many calculations to go in. That it sounds like Oh my gosh. Are you going to be able to understand it? You'll definitely understand it because you will see what you have right now in your portfolio, and it's going to tell you good and bad. It's going to tell you the good meeting if the market goes up 30 plus percent like it did in 2013. How much would your portfolio go up? I just did analysis and the market went up. I think by 32% in 2000 and 13 had a client where her portfolio would have went up by 35%. So she was overjoyed. Then we did the risk analysis and it showed. If the stock market went through another financial crisis between 2007 and 2009, the stock market would have lost 53%. She would have lost 62%. So do we want to really be in that position? Not at all. But the position you're in right now, and is to make sure that you do have a stress test because you are concerned about it. You should be concerned about it. Everybody listening should be concerned about it. And she stressed out about it because she doesn't feel like she has any control over her money. There's no control. She's just leaving the money in. It goes up and down. And if you get to decide and how Much risk you want to take and you tell us you want to take 5% risk or no more than 10% risk or 0% risk. As we help you define that we then create a portfolio that is projected to give you that type of risk level. Now you feel like you'll be back in control and you won't worry about your money as much. You'll still worry about it a little bit. But what if we can reduce your worries in your stress by 70 or 80% Think about how that would feel and how you could walk through life if you're listening out there and you have any questions. And want to talk to us about this topic or any other feel free. Just dial pound 2 50 on your cell phone and say the keyword money Pound 2 50 on your cell phone and say the keyword money we look forward to hearing from you. You're listening to the peak Financial freedom. Our with Jim files in Dan Ahmed of Peak Financial Freedom Group. Remember if you have any questions or want to get a complimentary review of your financial plan, Pick up your cell.
KSFO-AM
"dan ahmed" Discussed on KSFO-AM
"With Jim files in Dan Ahmed of Peak Financial Freedom Group. Remember if you have any questions or want to get a complimentary review of your financial plan? Pick up your cell phone and dial the number pounds to 50 and say, the keyword money again dial pound 2 50 on your cell phone and say the keyword money. Let's turn it back over to Jim and Dan Jim. We're talking about dirty little secrets, and we're talking a lot about risk, and I think we'll just continue on and one of the things we talked about that last segment was how we look at risk. Differently than the traditional financial industry and how clients look at it differently and really, the way we look at risk matches with clients because let's say if you have a $2 million portfolio, we'll just say that IRAs, non IRAs and you think you're being conservatively positioned right now at age 65 because your advisor says you're conservative. You think you have a 10% risk in your portfolio. So you think of the market crashes and loses 50%. You could lose 10% or 200,000. We do a risk analysis and we find out Oh my gosh, Your portfolio with 60% stocks 40% bonds, which sounds moderate to conservative, but we find out you could lose 40% of your assets, Which means now you can lose $800,000. And when you look at that, and it's put down on paper And knowing you might only have $1.2 million left of your $2 million. It completely freaks shot knowing you're probably not going to recover from that anytime soon, if at all, especially using for income and in your mind as a consumer, you probably only wanted about 5% risk, which means $100,000 loss versus an $800,000 loss. You know the damned. The problem we have in this entire industry is again we talk about risk a lot because we're trying to get build plants are going to work for the consumer. Plans that you can rely on plant at when you wake up every morning. You have a certain risk factor that you're going to feel comfortable. But And if you don't have those risk numbers in place, then whoever you're working with, hasn't done the proper job for you if you're getting ready to retire now, if you're 30 or 40 years old. Yes. That risk number doesn't matter as much because you have recovery time. You have 30 years in front of you to work. You have a salary coming in. But all of a sudden, you have a big mess. Take right. You worked all your life, 30 or 40 years. You got the big part of money. And if you lose a big chunk, because you're not paying attention, and your advice, you're not paying attention and just calling your advisor and have them say you're going to be just fine isn't good enough. It's not his money is your money. You are the Stewart of your money. And you better be aware of what Dan and I are talking about, because if you don't understand your risk In dollars and cents, not whether your conservative or moderate investor in dollars and cents, you may have a significant problem. The next crash yet we'll think about it. What if they're paying attention? And what if the advisor is actually paying attention? But they're paying attention to a whole different way to gauge your risk than what you as a consumer think. What if right now your advisor is a great adviser and paying attention to everything that's happening on a daily basis. They're moving the money around. They're talking stocks. They're talking tested. They're talking dodgy coin. Whatever that dumb dot You know, Dog point thing is they're talking about all these things. And yet their whole focus is in achieving the maximum rate of return, regardless of how much risk you're taking, And if the market falls 54%, you could lose 30, 40 or 50%, and you don't want to take that much risk. That means they are the advisor is doing their job. But it's not doing the job you need them to do. And you've got to look at that. There's there's several things to focus on and most likely for retirees is going to be. How do I reduce my risk at this point and not suffer large lesson? You can do that by creating the right portfolio? Yeah, and people think I'm gonna have to give up all my rate of return by doing that. You really don't have to. Will you give up a little rate of return? Yes, Possibly. But you don't have to give up all your way to return. What you have to do is make sure you don't lose a lot of lot of your money. Well, what did the stop with the stock market earn the S and P 500 index earned for the last 20 years. In 2000 about 4.58% per year. Matter of fact, I did an analysis for a client last week and he wanted he wanted me to know on the S and P 500 index. What happened over the last 10? 15 2021 years? I don't know. He wanted 21 years as well. That was some time in his mind. The average had been doing 4.5 and 4.8% rate of return annually on the S and P index Since those each one of those periods, not 10, or 12 or 15%. Yeah, there were some years you made 25%. But some years you lost 30%. And people think even last year, right? The market went down by 35%. In March of last year, March 23rd market Down 35%. The Dow was down 39%. Yes, people have recovered if you had equity exposure, But what if the government hadn't stepped in Dan? What if the governor had not started buying bonds and buying equities? This market would have slid another 20 or 30 points, and it would not have recovered. The waste recovered, but the government put a safety net there for everybody. And if they're not going to do that, every time, so you have to make sure you're controlling your answer. Just to make sure that doesn't happen to you Next time to market false If you like. What you hear on the show, Call us right now. We can help. You worked hard to get here. Did your best to save money. You want to protect your future? You want to avoid mistakes that could ruin your retirement.
KSFO-AM
"dan ahmed" Discussed on KSFO-AM
"All right. We have another mailbag question and this is from an and she's from Davis. She says. Hi, guys. I heard you on the radio talk about stress testing my portfolio Are you talking about? How stressed I am about my portfolio? Because I don't need a test for that. I am stressed out and worry. Every day makes it hard to sleep. What is a stress test from my portfolio? It sounds more like a mental or medical test than a financial one. And how does it work? How can I get this done? And whether that year was kind of funny that we describe that, but You're not the only one that stressed out about their portfolio. We see people every single day that come in and seek a second opinion, and they're totally eggs. I ttle. They worry about their portfolio constantly, particularly since we've been in such a large and long bull market run. They're afraid every day that what happens when the market reset? How much am I going to lose? And they haven't been given these answers. So your question is very timely is something that every single consumer listening to the show should have done under portfolio. It have a stress test to determine how Much risk you have right now in detect correspond with your objective likely it won't and what we do here at our firm is we use outside third party firms. They do their research firms. They have developed software in systems for us to take your portfolio. We will take each position you have in your portfolio, we will entered into the system. This portfolio tracks every trade of every securities since 2004. They would go back to 2008 and nine and determine an estimate how much you would have lost based on how you're currently configured in position today. Then what they do what they do A projection based on how your portfolio is correlated to the general market and other volatility and statistical measurements. They will determine on an estimated basis. What you're likely LaDuke the loos in the next market crash. This is extremely extremely valuable information. Because now it will tell you exactly what you've asked here. Is how much risk do I really have in my portfolio, and unless it's done scientifically, you just guessing up that when Jim made it sound very complicated and very scientific, but it's really easy. Basically, we're gonna enter the data and we're gonna show you one page is gonna say if the market does well, here's how much you would be projected to make at the market does terribly here so much projected to lose. It'll be that simple right at the end of the process, But Jim's right. There's so many pieces of data and so many calculations to go in. It sounds like Oh, my gosh. Are you gonna be able to understand it? You'll definitely understand it because you will see what you have right now in your portfolio, and it's going to tell you good and bad is going to tell you the good meeting if the market goes up 30 plus percent like you did in 2013. How much would your portfolio go up? I just did analysis and the market went up. I think by 32% in 2000 and 13. I did client where her portfolio would have went up by 35%. So she was all Overjoyed. Then we did the risk analysis and it showed. If the stock market went through another financial crisis between 7 4000 in the stock market would have lost 53%. She would've lost 62%. So do we want to really be in that position? Not at all. But the position you're in right now, and is to make sure that you do have a stress test because you are concerned about it. You should be concerned about everybody listening should be concerned about it, and she stressed out about it because she doesn't feel like she has any control over her money. She has no control. She's just leaving the money, and it goes up and down in a few. Get to decide and how much risk you want to take. And you tell us you want to take 5% risk or no more than 10% rescuers Jury percent risk As we help you to find that we then create a portfolio that is projected to give you that type of risk level. Now you feel like you'll be back in control and you won't worry about your money as much. You'll still worry about it a little bit. But what if we could reduce your worries and your stress by 70 or 80% think about how that would feel and how you could walk through life if you're listening out there and you have any questions? And want to talk to us about this topic or any other feel free. Just dial pound to 50 on your cell phone and say the keyword money Pound 2 50 her cell phone and say the keyword money we look forward to hearing from you. You're listening to the peak Financial freedom. Our with Jim files in Dan Ahmed of Peak Financial Freedom Group. Remember if you have any questions or want to get a complimentary review of your financial plan? Pick up your cell phone and dial the number pound 2 50 say the keyword money again dial pound to 50 on your cell phone and say the keyword money. Let's turn it back over to Jim and Dane Gym Today we are talking about the subject. Can you handle the truth on just making sure that people understand that we understand You're worried about your money. And a lot of your words Come from not getting the truth about your money. So a couple things one in the last segment, Jeremy, you were talking about the risk, etcetera. And I'm gonna I'm gonna challenge him to say well. You know some of things maybe I don't believe with you because I could about doggy coin this year, and I could've made 10,000% rate of return on my money with a fake currency to start that now has become a crypto coin that has got up 10,000%. What's that, saying about what's really happening in the market right now? We'll think about it, right. Really Think about what you just said? Yeah. You may have done that. Maybe you flipped a coin in Atlanta right for you. Maybe you went to Las Vegas and you hit a big Maybe you actually won the lottery. When you talk about those types of returns his flat out luck. You were in the right place at the right time, and you drew the right card. But that's not always true with life. You better not build your portfolio based on that kind of data sources definitely, and I think that last segment you were talking about what's the most important things that we said three things one not suffer a big loss to have income That's going to be dependable. The last first long as you live in three heavy written plan. Well, let's look at this data and this is some pretty cool information We got this last year. And it was based on how much and this is actually from Robert Shiller did some information how much assets were needed to create $1000 of annual income, and this went back all the way. 18 70 all the way back then, so basic 150 years and the average has been about $26,000 of assets on average, were needed to create $1000 manually, which means there's about a 4% average yield on assets, whether it's interest from the bank dividends, etcetera since 18 70. In August of 2020. With dividend rates and interest rates, the amount of acid you needed to create 1000 hours of income skyrocketed from 26,000 to almost $84,000.26 84,000 needed to create 1000. That's it fused traditional sources. So what that saying is you cannot use traditional sources. If you're going to try to create income right now, with where interest rates start now, Bonds the stock market, etcetera. You can't use traditional ways of planning for income right now. But then that's the whole problem. The stock market right now. So what are people saying they've been talked told by their brokers or on the Internet that Hey, there's no interest or no dividends, pain, any type of rate of return. Get out of those fiction coming, buy more stocks and buy more mutual funds. And all of a sudden, the market trading at 32 Times earning the highest is traded since 19 or 99 or 2000 before the dot com bubble. The fact that we could have a market crashed right now it's very, very upsetting is very concerning and you have to understand what's driving this market right now..
KGO 810
"dan ahmed" Discussed on KGO 810
"Financial freedom. Our with Jim files in Dan Ahmed of Peak Financial Freedom Group. Remember if you have any questions or want to get a complimentary review of your financial plan? Pick up your cell phone and dial the number pound 2 50 say the keyword money again dial pound to 50 on your cell phone and say the keyword money. Let's turn it back over to Jim and Dan Jim. We are talking today about Can you handle the truth and end with the truth and over findings? People are worried about the money and they just don't get the truth. So there's no way they can handle right now, because no one's giving the truth. They're being told things like, Write it out in the market. Hang in there. Don't worry about the market, dropping word at all time. High point. Not going to go down. Everything's fine. Well, we've been seeing some moves in the market lately, where a lot of the big money managers hedge funds. Some of the big institutions are taking money off the table, and we're expecting some try type of a drop with a short termer. Longer term. We know the government continues to fund money in, but that's just a short term little benefits like okay, great. More money from the government goes in boys the stock market up, But at some point that money is going to stop or we're gonna have to start paying them back with their taxes, and that's not going to be a good thing for the stock market. You know if you're writing right now in the car with another person, asset person. What do you think of the economy right now? What do you think of the stimulus package? You think the market is overvalued? You think we could have a market crash? If we retired, you think it would affect our portfolio think it would affect the way we will look at her money. Do you think I would be stressed out if I lost 30 or 40 or 50% of my money? If you're having those conversations, which you should You should figure out how to solve that problem. And then what we do here is a little bit different, and we mentioned this many times in the past. We are a risk mitigation firm. That's what we do. We're an income generation firm. That's what we do. Two predominant things. We show you how to lower your risk in your portfolio by using different financial instruments and using technology and different strategies on the money management side and number two. We show you how to generate the maximum amount of income. And isn't that what you kind of want Retirement? Dan is those two things across the board The things you have to do to have a safe, secure retirement, not worry about your money. There's actually three things one. Reduce your risk to create as much income as you can. That'll last for as long as you live three. Probably most part one that's having a written plan that ties everything together about your risk about your income where it's going to come from how long it's gonna last. How much tax you're gonna pay all those things put together. And you've been taught, which is true long term, the more risk you take the higher rate of return potential you have, but that doesn't mean anything for retirement. What retirement means is the lower amount of risk. We are able to put into a plan. The higher amount of income were able to generate that has the highest probability It won't run out forest long as you live. Let me say that again. The lower amount of risk. We put into a plan that we designed the written comforts of plan the higher amount of income you're going to receive from that plan and the higher probability you're not going to run out of money for us long as you live and the higher probability you're going to suffer a lower loss during the course of a lifetime. So what's that, saying Jim? Well, getting back to the plan? Dan is that you have to have a plan in place. It's kind of like, Let's assume and let people know what's this plan about. They're gonna put some things on the spreadsheet. That's not what this plan is about at all. Imagine you're going to build a house next year. And would you go out and grab some hammers and some nails or grab some subcontractor to start? Blame your foundation and put it on the walls and hope is gonna come out right? That's what people do with the stock market. They just go out and they will invest in some stocks. Or they'll put 60% of the market and 40% in fixed income. Right. That's not the way you architect a portfolio the way you architect, the house and a portfolio very similar. You have to go to an architect first when you build in the house. The architect is going to work with an engineering firm. They're going to develop, develop a whole set of plans. It's gonna take a few months to get that done. But then when you go to build the house the probability of being successful. Is much greater, Same thing with your portfolio. We are architects. That's what we do. We architect a portfolio based on your objectives, so that when we go to build the house or in our example, build your portfolio, there's a high probability is going to be successful for you. If you like. What you heard on the radio show. Call us right now. We can help. You worked hard to get here. Did you best to save money? You want to protect your future? You want to avoid mistakes.
KGO 810
"dan ahmed" Discussed on KGO 810
"The staff management ownership of KGO ksfo, cumulus media or other partners. There's another mailbag question. This come from surgery on the Eldorado Hills high guys. Every time we meet with our adviser, he seemed to be the same old thing. She shows us two beautiful pie chart looks pretty cool and a great graphics. We tell her. We're worried about the market and all the volatility But she always says Don't worry. Everything will be okay. Like you're saying that will magically stop us from worrying, But we worry more and more all the time. We don't understand our money way seemed to lose a lot, make a little bit of it back and then lose it again. Lately. We feel like we haven't made anything at all and that we could be paying more in fees. Then we really want to be pain where both 65 want to guarantee our future. We after for playing multiple times, but I have never received anything arriving. What should we do? Well, Sergio, when you look at all the things you talked about, seems like a lot, But I think the average person that's retired or getting ready to retire. Probably feels a lot of the same things you feel in your wife feels it's across the board and the big thing. There is kind of what you talked about towards the bottom. Of your question. That was actual plan. If you had a plan and everything riding, you'd feel a lot better, so let's just go through him. Some of the things that you asked about, and when you talk about we see this all the time, people come in, and we asked them. You know how they're positioned. What they like about their portfolio. Their plan all this and we say, you know, can we see what your plan looks like, and they hand us their statement? And there's investment statement has this beautiful pie chart on it looks wonderful. There's all these colors. They're diversified in 30 different mutual funds, so it just looks wonderful. And we call that a beautiful pie chart. And the problem is that beautiful picture was supposed to protect them against big losses in the market, and it was supposed to reduce volatility and be safe. But when you look at what happened at the end of 2000 and eight when the stock market fell almost 20% from September through December, during that fourth quarter, most of these types of portfolios lost 12 14 15 20% even more than the market did, which shows they had a lot of risk. And instead of diversification, they didn't all the assets acted the same. We all went down, so that's probably what Could be scaring me a little bit, and it's normal right now. I think most people are really worried about the market when we're 11 years into this bull market, knowing that since 1929 the stock market has crashed 40% on average every seven years that should scare us and when someone just tells us don't worry, even though we're worrying it makes us worry more because our fears have not been addressed that when our fears aren't addressed, we can't help it. But Worry more. And that's probably why you don't understand your money. I think, Jim, have you seen this a lot when someone comes in and says, You know what? Hey, you know, it seems like I've lost a lot in the past. I make a little bit and then we lose again. And we really don't feel like we've gotten too far ahead. Well, we hear that a lot, and we had a downturn. Did you mention Dan about 14 months ago, the S and P. 500 on Christmas Eve in 2018. December. He went down about 19.5%. Now the market came back very, very quickly. But if it hadn't come back quickly, and it continued to fall, there would have been enormous losses by everybody that was in the market. We're not advocating. Don't be in the market we're advocating is that you have a plan in place. You understand your risk. You understand your fees. You understand how much you gonna lose the next market turned town and you identify every objective. You and your spouse. If you're married, have with your money and then put a plan in place. So you have something in writing. She can read it. You understand it. There's accountability. And if we do have a downturn you're going to want to understand in advance what the potential losses could be. Dialing back if you don't like that lost component for Sergio, I think the key is to main things right now, if you implemented a plan right now, soldier that reduce your risk, and you got that in writing, And then you had an actual plan that shows you what to expect for the rest of your retirement years. I think you'd feel very comfortable and you wouldn't worry about your money so much if you're listening out there and you have any questions. And want to talk to us about this topic or any other feel free. Just dial pound to 50 on your cell phone and say the keyword money Pound 2 50 her cell phone and say the keyword money we look forward to hearing from you. You're listening to the peak Financial freedom, Our with Jim Files and Dan Ahmed of Peak Financial Freedom Group. Remember if you have any questions or want to get a complimentary review of your financial plan? Pick up your cell phone and dial the number pound 2 50 say the keyword money again dial pound to 50 on your cell phone and say the keyword money. Let's turn it back over to Jim and Dana. All right, Jim, we're talking today about the subject. Can you handle the truth as a consumer's a client as a retiree, or soon to be retiree, people need to have the truth because you hear as consumers all kinds of good news out there the markets at all time highs. You're gonna intended 12% rates of return. It's not going to go down. Keep it going. Everything's fine. Don't worry. Well, we have to take as retirement income plans. We have to take the opposite view. Our goal is to protect you against the single thing that could derail your entire plan. And that is if you suffer a big loss right now. If you save 5,000,004 men, five minutes $6 million in assets. The single thing right now retirement, they could de real. Your entire plan is suffering a big loss. And there's probably 95% of you right now that are in a position to suffer a significantly larger amount of loss. Then you should be or want to be. And the type of loss you could suffer right now could completely derail or ruin your retirement. I had a client engineer guy talked to him yesterday and he was like, you know what? Based on the data you've given us, It seems like if someone and they have more than this, but, he said, it seems like someone that saved $2 million or more of assets that has a reasonable budget. It seems like your firm can build a plan that would put them in a really good position of financial security. And I and I usually answer well, There's no specific amount of money Someone could have. Then I thought about it, and I said, Yeah, you know, Based on the average budgets we see Based on someone not getting a pension, giving some so security having it the $2 million those people can be in a really good position. Well, what if that person could have had a perfect retirement? And now instead, they're risking their taking too much risk. And their $2 million goes down to $1 million. What happens, Jim? At that point to the potential for a really secure but really, really good, enjoyable retirement? Well, number, things happen. Number one your retirement, not going to be what you dreamed of number one. Number two..
KSFO-AM
"dan ahmed" Discussed on KSFO-AM
"Okay. We have another mailbag question. Gym. Jocelyn. She's down in back of ill, She says. I'm 64. I'd like to retire. I don't have a pension. But I will get $2200 from so security. Have $3 million saved for retirement. I am very conservative, but I do have about $600,000 of individual stocks I inherited from my father years ago that being an average of 4% of dividends. Really like When you guys talk about the golden rule of 5% to 10%. I agree that I do not everyone will lose more than 10% of my assets. But all the advisers say, have to sell my stocks and invest in mutual funds to decrease my risk. Is there any way I can keep my stocks and have a low overall risk plan? Jocelyn. Your questions really are like many, many other people that come in that have individual stocks. Maybe they inherited them. Maybe they bought them themselves. Whatever happened, and they have Ah, fondest forties and they've performed well and they're paying the dividends. So let's say you have $3 million of assets and $600,000 is in stocks that you like and you want to keep, And there's no issue of that. We would help you set that up. We don't charge any fees for those. We just put it in a private account that you would hold and you're not gonna be buying and selling Mother time. So why in the heck would you pay any fees on these things? Let's assume then the stocks could lose 50%. That means the stocks in a downturn like 2008 could lose $300,000. So you have to be willing to say yes. I'm okay with that. Well, Jim, if she has $3 million of assets, and she loses $300,000 in a worst case scenario, because the rest of the assets have been protected 2.4 million protected 600,000 risk if she can lose 3 2000 on three men, dollars. What's her risk ratio now? So Dan is 10%, right? Because $300,000 lost from $3 million. She's done $22.7 million. She's lost 10% of our portfolio, so that point of someone has $3 million that goes down to 2.7 and retained all those stocks. It's still a loss. But it's not gonna be the type of law. She'd probably have that if she has a lot of mutual funds and their stocks and the rest of her portfolio. That's right, Dan And the key is is that I think you're identifying this in your question here is making sure that your Pacific objectives are answered and that you can sleep comfortably at night because you have a plan in place. Now, when we say you won't lose more than 10%, Of course, we're giving you a range there right because it's based on historical data, But right now If we did a risk test for you. The same thing holds true is based on historical data, So we have to make sure that you are comfortable with the projected wrist level in a new portfolio. But once you see that in writing and understand how comprehensive this process is, I promise you'll feel more comfortable one think about it, and you can look at this yourself when you're thinking about you many Jocelyn that's if we position your assets with 600,000 in the stocks that you like being the dividends. That one has risk of 50%. If we can visit the $2.4 million without having any risk of market loss at all. Do you worry about the risk in your stock is much and the answer is going to be no. You just won't Plus, you have to look at if it's paying 4% dividends that's going to give you $24,000 a year of income from the dividends or $2000 a month. Plus, you're so security Now we're up to $4200. And we can use the $2.4 million to generate a significant part of income that will get you through retirement. Without you having to worry about the money. That would be a great plan. There would be no reason to sell your stock. If you want to keep them and you're willing to retain a little bit of risk. It's just the brokers try to get you to sell it all the time. We know we want to find out. What do you want your money to do for you what you want accomplish, Then we'll put that plan together. In your case. I'd probably say again, not as a direct recommendation for you, but ultimately, I would try to build a plan that would allow you to keep the stock and then put a plan together that would Reduced the risk on the rest of the portfolio. If you're listening out there, and you have any questions and want to talk to us about this topic or any other feel free, just dial pound to 50 on your cell phone and say the keyword money Pound 2 50 her cell phone and say the keyword money we look forward to hearing from you. You're listening to the peak Financial freedom. Our with Jim files in Dan Ahmed of Peak Financial Freedom Group. Remember if you have any questions or want to get a complimentary review of your financial plan? Pick up your cell phone.
KSFO-AM
"dan ahmed" Discussed on KSFO-AM
"When you look at engineers, Jimmy we deal with a lot of engineers. They come in, and I think they like our firm because we're so picky detail about everything, and we put everything down as far as How the fee structure looks how their income plan looks at their tax plan looks and I think they really like it because engineers have have all the details all the data and if someone like Robert doesn't have all the data, how does an uncertainty make them feel? Well, it gives him anxiety and the anxiety grows. If you retire and don't have those questions, answered. I think your second question was risk. I think the most important thing that every single soon to be retired person should consider. It's a risk they have in portfolio because if you lose a substantial portion of your money in the next market reset You may never get it back. And if you're using your assets for income, which you probably will be doing in retirement or are due any retirement, you may become very, very uncomfortable about your future and the other way you really can get a risk analysis is to do a risk dress test something we do for every single client that comes to our firm. The first thing we do is determine how much risk the client hasn't a portfolio. We use an outside third party firm in order to generate this information, but it comes back with some very valuable data and let's decline. Understand where the right now and can we reduce that risk? Anything basically shows how much they could potentially lose if we have another market meltdown, which we want some point You have to say this is very important because a wrist rest has like you're describing Jim. We also say it's like a cardiac stress test you would have on your heart. So you want to know about the shape of your portfolio before the portfolio crashes just like you want to know the shape of your heart before you have a heart attack, Because think about it. If you have an unprotected portfolio now taking too much risk and stock market crashes, then the portfolio crashes at the same time, you might end up having a heart attack. So you better get it checked out before anything negative happens. I think then you could feel comfortable. With knowing the fees you're paying, and knowing the risk you're taking. There's anyone out there that feels the same way Robert does just uncertain about the fees are paying for the risk they're taking. Please feel free to give us call on your cell phone pound 2 50 say the keyword money just dial Pound 250 and say the key word money. You were listening to the peak Financial freedom. Our with Jim files in Dan Ahmed of Peak Financial Freedom Group. Remember if.
KGO 810
"dan ahmed" Discussed on KGO 810
"Factor. That would then mean if the market crashes like you did in 2000 and eight you'll probably lose or be prepared to lose about $1.2 million. So you have to be willing to say Yeah, I'm okay with that type of loss, and I'm okay. If my $2.8 million goes down to 1.6 million, and right now I have to say you wouldn't be willing to do that. But you have to be willing to see that. Now you can make a decision. Then we'll show how we're gonna reallocate those assets into something that makes you and your husband feel comfortable. So how much risk do you really want to take? If you have $2.8 million, maybe I'll say $200,000 is your max loss. If that was the case, then it really means you're gonna have to decrease your risk from 40% probably down to about 6 to 7% Jim. That would be the percent of risk we have to design in the portfolio. That's right. Dan and Consumers don't think that's gonna be done because most people are just used either putting their money in a forum one K plan and just watching it or even if they haven't advisor, the advisor will put it in a diversified portfolio. The portfolio will kind of knew what was going to do. It'll go up in the market goes up. Hopefully, we'll go down to the market goes down, and there's told to stay the course. But you can actually design a plan. You can actually identify your objectives. What you want your money to do for you how much risk you're willing to take? You can actually dial it down. That, of course, is based on historical data point, But we can get a very, very good idea within a very tight range. How much risk you're willing to Take and accept so that you have a better feeling at a bit of comfort level with your money. We'll give it really quick example that said they have $2.8 million and we now position $1.4 million into an asset that has no risk and $1.4 million continues to have their same 40% risk. It means they've cut their risk in half right now, instead of a 40% risk factor, they might be in a 20 per cent risk factor, which is still too high in our estimations, but is just a great way to teach people just how something simple like that. Can reduce their overall rest. That's right. You know, there are different asset classes that do different things. What you have to do is go to an adviser that deal with all these different asset classes so they can design a plan based on your objective because without those objectives being met Carla, you are going to go through life concerned about your money. If you're listening out there, and you have any questions and want to talk to us about this topic, or any other feel free, just dial pound to 50 on your cell phone and say the key word money. Down to 50 and her cell phone and say the keyword money we look forward to hearing from you. You're listening to the peak Financial freedom, Our with Jim Files and Dan Ahmed of Peak Financial Freedom Group. Remember if you have any questions or want to get a complimentary review of your financial plan?.
KSFO-AM
"dan ahmed" Discussed on KSFO-AM
"Insurance license number zero and 14013. Here's another mailbag question is from Carla as she lives in Stockton, she says. Hi guys. My husband are both in the medical field and have worked for many employers and saved a lot of money. We have six for one case sitting at her old companies in each had before one K at our current Cos We have five additional Irish between US three Roth IRAs to brokers account for separate funds. And three bank accounts or assets. Total $2.8 million. We each will get a pension and so security just the statements we get every quarter overwhelm us. What can we do to stop feeling so out of control and get a handle on our money? We have no idea how much risk we're taking. The feet were pain. How much income we could take out of her assets. How long our money will ask how much tax will have to pay and what we can leave your Children. What do we need to do to get her money under control? Will you look at where you're at Carlin? You guys have done a great job in a Cuban lady ass. That's almost $3 million of assets. It's awesome. The problem is you have so many accounts, and we've seen this many, many times. So many accounts so many different statements. It's literally impossible for you to put it together in your minds how you're going to use your assets, creating Come on the safety the security you're gonna need during your time because you have so many accounts. One of the things we do when we start working, and putting a plan together is will list out every single count you have and how that account is allocated and will show how much overall risk you have. So we look at everything you have put in different columns and you'll see it on one screen. Here's what you have. Now. Here's how much risk we have after you do the wrist rest test. Let's say we show on the screen that you have $2.8 million of assets and you end up having a 40% risk factor. That would then mean if the market crashes like you did in 2000 and eight you'll probably lose or be prepared to lose about $1.2 million. So you have to be willing to say Yeah, I'm okay with that type of loss, and I'm okay. If my $2.8 million goes down to 1.6 million, and right now, I'd have to say you wouldn't be willing to do that. But you have to be willing to see that Now you can make a decision. Then we'll show how we're gonna reallocate those assets into something that makes you and your husband feel comfortable. So how much risk do you really want to take? If you have $2.8 million, maybe I'll say $200,000 is your max loss. If that was the case, then it really means you're gonna have to decrease your risk from 40% probably down to about 6 to 7% Jim. That would be the percent of risk we have to design in the portfolio. That's right. Dan and Consumers don't think this could be done because most people are just used either putting their money in a 41 K plan and just watching it or even if they haven't advisor Thea Visor will put it in a diversified portfolio in the portfolio will kind of do what it's going to do. It'll go up in the market goes up. Hopefully it will go down with the market goes down and there's told to stay the course. But you can actually design a plan. You can actually identify your objectives. What you want your money to do for you how much risk you're willing to take, and you cannot actually dial it down. That, of course, is based on historical data point, But we can get a very, very good idea within a very tight range. How much risk you're willing to? Take and accept so that you have a better feeling at a bit of comfort level with your money. We'll give it real quick example that said they have $2.8 million and we now position $1.4 million into an asset that has no risk and $1.4 million continues to have their same 40% risk. It means they've cut their risk in half right now, instead of a 40% risk factor, they might be in a 20 per cent risk factor, which is still too high in our estimations, but is just a great way to teach people just how something simple like that. Can reduce their overall rest. That's right. You know, there are different asset classes that do different things. And what you have to do is go to an adviser that deal with all these different asset classes so they can design a plan based on your objective because without those objectives being met Carla, you are going to go through life concerned about your money. If you're listening out there, and you have any questions and want to talk to us about this topic, or any other feel free, just dial pound to 50 on your cell phone and say the key word money. Down to 50 and her cell phone and say the keyword money we look forward to hearing from you. You're listening to the peak Financial freedom. Our with Jim files in Dan Ahmed of Peak Financial Freedom Group. Remember if you have any questions or want to get a complimentary review of your financial plan? Pick up your cell phone and dial the number pound 2 50 say the keyword money again dial pound to 50 on your cell phone and say the keyword money. Let's turn it back over to Jim and Dan Gym today we're talking about statements. You could very well live to regret this thing with things that we've heard consumers make as they came in, and we've given them a second opinion, and they've said certain things, one of them. I'm a combined A couple one is we don't need a budget. The other is one of the spouses tells the other spouse. Don't worry, honey. We'll just hang in there right out all stock market losses on band. The third is that we don't actually need a plan. So those are three major things that you could live to regret. Because one when they say we don't need a budget that might be someone who you know, has made a lot of money before and they never lived had to live on a budget they've just spent and they haven't told initially over spent, so they never got into trouble. But that also was when they had a job where they ran their own business. They had a significant amount of income pretty much guaranteed designs. They want to work the next day number One rule with our firm is we have to have budget And we create that We do it very simply. We have a one page form that you do fell out. Or you can use in the next hour format to create a budget meaning how much do you want and need? So you have enough money to have a great retirement. That's important. Second one is. Don't worry, honey. What you gonna hang in there? We're right out all stock market losses, and when the market's up, we'll take out all we need When the market's down what you have to cut back. And then the third one is I don't need a written plan. I think we're in great shape, and we don't have anything to worry about. When you look at those three things don't know. It's just set up like the red flag, do you And just like in the loud bell ring, And when you hear those three things Well, what that does is to at least one of the spouses and I promise you if they understood what you just said one of the spouses Is in constant anxiety because one of those spouses is worrying about what if what if. What if, right, what if we spend too much money? What if we make a financial mistake? Whatever the market goes down to stay down for long, pretty time. What if we're drawing income off our assets, and we don't have a job? What if we start losing money, Although it if it works out in the end, it's no fun. They are gonna worry every single day of every single year for the rest of her life. Think about the things you always tell me that every single client says they want you always. Say they want their income so it won't run out for so long as they live. They want to make decent returns. They want to make sure that they leave a little bit of money to the beneficiaries when they pass away. And what else and lastly and maybe Firstly, they want to make sure they don't make up for the after mistake. They don't invest your money in correctly and lose a bunch of it. Because if you do that Your plan will never work. I promise you. Well, what if you could design a plan, which we can? That does all those four things, but we do it. I mean, we do it every single day, Right? That's exactly what we do for every single client. We make sure you don't make up in the actual mistake we make here you select the right financial instruments. We make sure you're using this right strategies..
KGO 810
"dan ahmed" Discussed on KGO 810
"And want to talk to us about this topic, or any other feel free, just dial pound to 50 on your cell phone and say the key word money. Pound 2 50 her cell phone and say the keyword money We look forward to hearing from you. You're listening to the peak Financial freedom. Our with Jim files in Dan Ahmed of Peak Financial Freedom Group. Remember if you have any questions or want to get a complimentary review of your financial plan, pick up your cell phone and dial the number pound 2 50 say the keyword money again dial pound to 50 on your cell phone and say the keyword money. Let's turn it back over to Jim and Dan Gym today. We're talking about statements you could very well live to regret. This is your things. That we've heard consumers makers they came in, and we've given them a second opinion, and they've said certain things, one of them. I'm a combined a couple one is we don't need a budget. The other is one of the spouses tells the other spouse. Don't worry, honey. We'll just hang in there right out all stock market losses and the third is that we don't actually need a plan. So those are three major things that you could live to regret. Because one when they say we don't need a budget that might be someone who you know, has made a lot of money before and they never lived had to live on a budget they've just spent and they haven't told initially over spent, so they never got into trouble. But that also was when they had a job where they ran their own business, and they had a significant amount of income pretty much guaranteed designs. They want to work. The next day number one rule with our firm is we have to have budget And we create that We do it very simply. We have a one page form that you do fell out, or you can use in the next hour format to create a budget meaning how much do you want and need? So you have enough money to have a great retirement. That's important. Second one is. Don't worry, honey. What you gonna hang in there? We'll write out all stock market losses, and when the market's up, we'll take out all we need When the market's down what you have to cut back. And then the third one is I don't need a written plan. I think we're in great shape, and we don't have anything to worry about. When you look at those three things don't know. It's just set up like the red flag, do you And just like in the loud bell ring, And when you hear those three things Well, what that does is to at least one of the spouses and I promise you if they understood what you just said one of the spouses Get in constant anxiety because one of those spouses is worrying about what if what if. What if, right, what if we spend too much money? What if we make a financial mistake? Whatever the market goes down to stay down for long, pretty time. What if we're drawing income off our assets, and we don't have a job? What if we start losing money, Although it if it works out in the end, it's no fun. They were gonna worry every single day of every single year for the rest of her life. Think about the things you always tell me that every single client says they want you always. Say they want their income so it won't run out for so long as they live. They want to make decent returns. They want to make sure that they leave a little bit of money to the beneficiaries when they pass away and what else and lastly and maybe Firstly, they want to make sure they don't make up in after mistake. They don't invest her money incorrectly and lose a bunch of it. Because if you do that Your plan will never work. I promise you. Well, what if you could design a plan, which we can? That does all those four things, but we do it. I mean, we do it every single day, Right?.
KSFO-AM
"dan ahmed" Discussed on KSFO-AM
"Zero F 06511 and Dan Ahmed, California Insurance license number 0732913. Handles 30 minutes off ride. This should be fun. Okay, fellas on who's ready to work? Here we go. Don't forget to breathe. Good idea. Get out home Motivation. We are climbing through this chorus. Let's get it anytime you want it bump up that intensity. Give it all you have. I am You are unstoppable Telethon fam. Try the paella. Tana free for two months, new members only terms apply. Can you suppose Rush Limbaugh says the left and right are farther apart than ever these days. But that doesn't mean the end of the republic. I see more and more people asking. What is it that people on the left people on the right? Is there anything we have in common? And it doesn't look like there is the fact that make America great again is controversial should tell you all you need to know about how much we have in common, but I have not did not and would not advocate for succession. So how can we continue to make America great? The objective here is a gigantic army of informed voters who win elections. That's been my entire reason for being here and in the process informing and educating people about what liberalism is what Communism is what socialism is and they'll be properly informed to be able to reject it, which is crucially important right now because more and more people are signing onto it, enlist in the army. Of informed limbo. Listeners nine to noon on talk radio 5 60 Ksfo Cove in 19 given us nearly a year long string of bad news, But is anything good Come from.