23 Burst results for "Peak Financial Freedom"
KGO 810
"peak financial freedom" 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.
KGO 810
"peak financial freedom" Discussed on KGO 810
"Keyword money again dial pound 250 on your cell phone and say the keyword money That'll get you a complimentary financial review with the team at Peak Financial Freedom Group serving you throughout Northern California. Pick up the phone and dial pound 250 on your cell phone and say the keyword money. It all starts with a simple phone call. So pull out your cell phone and I'll pound 2 50 say the keyword money. Stay tuned. There's more coming up on the peak financial freedom. Our with Jim and Dan, You probably don't know who to trust with your money. You're worried. Need to learn more and you need an actual plan. Not just statements you don't understand. Big financial can help by meeting with you in person or on the Web meeting our latest book, Mama Secret Recipe for retirement success at the Amazon bestseller list. We also host the peak financial freedom our right here on this radio station every weekend and have a TV show every Saturday night. You want help and have saved over $500,000 for retirement. Dow down to 50 on your cell phone right now and say the keyword money That's pound 2 50 money. You may be eligible for a free second opinion about your money Free retirement income plan free, bestselling book all to help you stop worrying about your money. You want to meet face to face, our office is open to help you. Or you may prefer to meet virtually thou pound 2 50 on your cell phone and say the keyword money that's pound 2 50 Money Investment advisory services are offered through Fiduciary Solutions LLC, a California registered investment advisor, insurance products and services are offered through Pff G Insurance Agency LLC, California Insurance license number zero and 14013. 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.
KGO 810
"peak financial freedom" Discussed on KGO 810
"So pull out your cell phone and dial pound 2 50 say the keyword money. Stay tuned. There's more coming up on the peak financial freedom. Our with Jim and Dan 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 mentor or medical tests than financial one. And how does it work? How can I get this done? And what 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 research 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 attracts every trade of every securities since 2004. They will go back to 2008 and nine and determine an 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 to do 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 not 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 that the market is terribly here's how much are 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. 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. I 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. If you've got an insurance question you could talk to your nana. But she'd probably just tell you how she insured her couch from stains by covering it with plastic. Or.
KGO 810
"peak financial freedom" Discussed on KGO 810
"With you for free As long as you have a minimum of $500,000 saved call us right now and will help you create your own financial road map. We will also success. How you may qualify for free, customized written plan We promised to consultation is free and there is no obligation. You have absolutely nothing to lose. Unless you don't make that call. Once again, Here's your number to call dial Pound 2 50 on your cell phone and say the keyword money again dial pound 250 on your cell phone. And say the keyword money that will get you a complimentary financial review with the team at Peak Financial Freedom Group serving you throughout Northern California. Pick up the phone and dial pound 250 on your cell phone and say the keyword money. It all starts with a simple phone call. So pull out your cell phone and I'll pound 2 50 say the keyword money. Stay tuned. There's more coming up on the peak financial freedom. Our with Jim and Dan You probably don't know who to trust with your money. You're worried. Need to learn more and you need an actual plan. Not just statements. You don't understand. Peak financial can help by meeting with you in person or on the Web meeting. Our latest book, Mama Secret Recipe for retirement success at the Amazon bestseller list. We also host the peak financial freedom our right here on this radio station every weekend and have a TV show every Saturday night. You want help and have saved over $500,000 for retirement. Dow down to 50 on your cell phone right now and say the keyword money That's pound 2 50 money. You may be eligible for a free second opinion about your money Free retirement income plan free, bestselling book all to help you stop worrying about your money. You want to meet face to face, our office is open to help you. Or you may prefer to meet virtually thou pound 2 50 on your cell phone and say the keyword money that's pound 2 50 Money Investment advisory services are offered through Fiduciary Solutions LLC, a California registered investment advisor, insurance products and services are offered through Pff G Insurance Agency LLC, California Insurance license number zero and 14013..
KGO 810
"peak financial freedom" 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..
KGO 810
"peak financial freedom" 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
"peak financial freedom" Discussed on KGO 810
"That'll get you a complimentary financial review with the team at Peak Financial Freedom Group serving you throughout Northern California. Pick up the phone and dial pound 250 on your cell phone and say the keyword money. It all starts with a simple phone call. So pull out your cell phone and dial pound 2 50 say the keyword money. Stay tuned. There's more coming up on the peak Financial freedom. Our with Jim and Dan Have you heard bad things about annuities? How about the truth? If you owned a fixed indexed annuity with an income writer, you can protect your assets again. Stock market losses potentially earned competitive returns received lifetime income past all remaining assets to beneficiaries. And you wouldn't have lost one penny in the recent crash. Pick financial can help by meeting with you in person or on a Web meeting. We will teach you the truth about annuities. Now pound 2 50 in your cell phone and say the keyword money you could protect your assets against losses and received lifetime income. But in uni sex render charges fees gains are guaranteed and guarantees. Acted by the financial strength claims being ability of the issue Insurance company If you want help, and saved over $500,000 for retirement pound to 15 yourself on right now and say the keyword money that's pound 2 50 money. If you want to meet face to face our offices open help you or you may prefer to meet virtually down pound to 15 your cellphone and said the key word money investment advisory services are offered through Fiduciary Solutions LLC, a California registered investment adviser. Insurance products and services are offered through Pfft Insurance Agency, LoC, California Insurance license number zero and 14013. Hi. I'm a cleverly devised personification of Wall.
KGO 810
"peak financial freedom" Discussed on KGO 810
"Peak Financial Freedom Group serving you throughout Northern California. Pick up the phone and dial pound 250 on your cell phone and say the keyword money. It all starts with a simple phone call. So pull out your cell phone and dial pound 2 50 say the keyword money. Stay tuned. There's more coming up on the peak Financial freedom. Our with Jim and Dan Right now, In this crazy world, you can't do the same things with your money you used to do. You can't follow the same old advice and suffer through large losses, and you'd better have a written plan. Financial and help my meeting with you, in person or on the Web meeting our latest book Mama's Secret recipe for Return success and the Amazon bestseller list. We also host the Peak financial freedom our right here on this radio station every weekend and have a TV show every Saturday night. You want Help, and I've saved over $500,000 for retirement Dow Pound to 15 your cell phone right now and say the keyword money that's bound to 50 and money. You may be eligible for a free second opinion about your money Free retirement income Plan three best selling book all the help you stop worrying about your money. If you want to meet face to face our offices open help you or you may prefer to meet virtually down pound to 15 your cell phone and say the keyword money that's bound to 50 and money investment advisory services are offered through Fiduciary Solutions LLC, a California registered investment adviser, insurance products and services. Crawford through Pfft Insurance Agency LLC, California Insurance license number zero and 14013. Life.
Peak Financial Freedom Hour with Jim and Dan
'The Conners' crew member dies on set after 'medical event'
"Time technical crew member of the BC syriza. The Connors died on set after suffering what was called a fatal medical event. The unidentified group member was working Thursday on stage 22 with CBS Studio Center in Studio City when the medical emergency occurred. The exact cause of death was not disclosed. But a statement from Warner Entertainment said he was a much loved member of the Conners and Roseanne families For Over 25 years,
KGO 810
"peak financial freedom" Discussed on KGO 810
"You a complimentary financial review with the team at Peak Financial Freedom Group serving you throughout Northern California. Get the phone and dial pound 250 on your cell phone and say the keyword money. It all starts with a simple phone call. So pull out your cell phone and dial pound 2 50 say the keyword money. Stay tuned. There's more coming up on the peak financial freedom. Our with Jim and Dan If you've saved at least $500,000 for retirement, be one of the first five callers and we'll send you a copy of our latest book titled Mama's Secret Recipe for Retirement Success. Which of the Amazon bestseller list. This book was co authored with Jack Canfield from Chicken Soup for the Soul and will teach you the seven rules to live by for Secure retirement called Pound to 50 on your Cell phone right now and say the keyword money for Your Free copy. Hey, retirees in pre retirees. I'm Dan Amit, host of the Peak financial radio show. I'm inviting you to a free financial weapon are with current critical information about your money. Are you worried about the world? Covered politics and how they all affect your money. Does the thought of the stock market crash and give you cold sweats at night? Does the 2008 stock market meltdown still haunt you want to preserve and protect your money? Did you know reducing risk from 50% down to 10% could potentially save $400,000 in losses on a $1 million portfolio. Having an extra quarter $1000 goes a long way in retirement. Do you have questions about creating dependable retirement income, minimizing losses, slashing your fees and half cutting taxes and actual plan will cover all this on our free weekly Webinars held Tuesday at 6:30, P.m. and Saturday at 10:30 A.m. go to www dot pick finn dot com. That's P e a k f i n dot com and click on her million dollar retirement Webinar right now, save your spot. Won't restore hold here, Joined by JIM Files and Dan Amit of Peak Financial Freedom Group. They are the co founders of Peak Financial.
KGO 810
"peak financial freedom" Discussed on KGO 810
"You a complimentary financial review with the team at Peak Financial Freedom Group serving you throughout Northern California, Pick up the phone and dial pound 250 on your cell phone and say the key word. Money. It all starts with a simple phone call. So pull out your cell phone and dial pound 2 50 say the keyword money. Stay tuned. There's more coming up on the peak financial freedom. Our with Jim and Dan Hey, retirees and pre retirees. I'm Dan Amit, host of the peak financial radio show. I'm inviting you to a free financial weapon or with current critical information about your money. Are you worried about the World Cove? It politics and how they all affect your money? Does the thought of the stock market crash and give you cold sweats at night? Does the 2008 stock market meltdown still haunt you want to preserve and protect your money? Did you know reducing risk from 50% down to 10% could potentially save $400,000 in losses on a $1 million portfolio. Having an extra $40,000 goes a long way in retirement. Do you have questions about create? Dependable retirement income, minimizing losses, slashing your fees and half cutting taxes and actual plan will cover all this on our free weekly Webinars held Tuesday at 6:30, P.m. and Saturday at 10:30 A.m. go to www dot pick finn dot com. That's P e a k f i n dot com and click on our Million Dollar Retirement Webinar right now, save your spot. 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.
NewsRadio KFBK
"peak financial freedom" Discussed on NewsRadio KFBK
"Keyword money again dialed pound 250 on your cell phone and say the keyword money That'll get you a complimentary financial review with the team at Peak Financial Freedom Group serving you throughout Northern California. Pick up the phone and dial pound 250 on your cell phone and say the keyword money. It all starts with a simple phone call. So pull out your cell phone and dial pound 2 50 say the keyword money. Thanks for joining us on the show today for Jim Files, and Dan Ahmed, I'm Walter store hold and we'll talk to you next time right back here On the peak Financial freedom, our with Jim and Dan. Investment advisory services are offered through Fiduciary Solutions LLC, a California registered investment adviser. Past performance is no guarantee of future results and securities may lose value Insurance products and services are offered through PF F G Insurance Agency LLC, California Insurance License number zero N 14013 Dan Ahmed, California Insurance license number 0732913 engine files. California insurance license number is there Oh F 06511 Hey retirees in pre retirees. I'm Dan Amit, host of the peak financial radio show. I'm inviting you to a free financial weapon or with current critical information about your money. Are you worried about the World Cove? It politics and how they all affect your money. Does the thought of the stock market crashing give you cold sweats at night? Does the 2008 stock market meltdown still haunt you want to preserve and protect your money? Did you know reducing risk from 50% down to 10% could potentially save $400,000 in losses on a $1 million portfolio. Having an extra $40,000 goes along. Wayne retirement. Do you have questions about creating dependable retirement income, minimizing losses, slashing your fees and half cutting taxes and actual plan will cover all this on our free weekly Webinars held Tuesday at 6:30, P.m. and Saturday at 10:30 A.m. go to www dot pick finn dot com. That's P e a k f i n dot com and click on her million dollar Retirement Webinar right now, Save your spot Investment advisory services are offered through Fiduciary Solutions LLC of California registered investment visor insurance products and services are offered through Pfft Insurance Agency LLC, California insurance license. Number zero and 14013 years learning a language feel like this. No, I'll blast manual average. It's AH blow. It's all blow when you learn a language you want to actually use it. Babble is designed with that.
KGO 810
"peak financial freedom" 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?.
KGO 810
"peak financial freedom" Discussed on KGO 810
"Keyword money again dialed pound 250 on your cell phone and say the keyword money that'll get you a complimentary financial review with the team at Peak Financial Freedom Group serving you throughout Northern California. Get the phone and dial pound 250 on your cell phone and say the keyword money. It all starts with a simple phone call. So pull out your cell phone and dial pound 2 50 say the keyword money. Stay tuned. There's more coming up on the peak financial freedom. Our with Jim and Dan Right now, In this crazy world, you can't do the same things with your money you used to do. You can't follow the same old advice and suffer through large losses, and you'd better have a written plan. Financial and help my meeting with you, in person or on the Web meeting our latest book Mama's Secret recipe for return to success in the Amazon bestseller list. We also host the pick Financial Freedom our Right Here on this radio station every weekend and have a TV show every Saturday night. You want help and have saved over $500,000 for retirement down pound to 15 your cellphone right now and say the keyword money that's bound to 50 and money. You may be eligible for a free second opinion about your money Free retirement income Plan three best selling book all the help you stop worrying about your money. If you want to meet face to face our offices open help you or you may prefer to meet virtually down pound to 15 your cell phone and say the keyword money that's bound to 50 and money investment advisory services are offered through Fiduciary Solutions LLC, a California registered investment adviser, insurance products and services. Crawford through Pfft Insurance Agency LLC, California Insurance license number zero and 14013. 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 save a lot of money..
KGO 810
"peak financial freedom" Discussed on KGO 810
"From ABC News. I'm Brian Clark, a giant in the broadcasting world, has died. Larry King, who interviewed tens of thousands of people on radio and television, died in Los Angeles at 87 was a bridge between politics and government show business and so much else. Who else? You know, talk to Mohammed Gadhafi, the strongman dictator of Libya and Lady Gaga. This was a man who bridged so many worlds. He loved show business. That's ABC entertainment reporter Sandy Kenyon, who was a friend of King, who is best known for his 25 year run on CNN. No cause of death was announced. But earlier this month, King had been hospitalized with covert 19. States across the country are scrambling to find more vaccines with the new administration in the White House, Colorado governor Jared Polish told ABC is good Morning America what he thinks needs to happen. The most important thing right now, actually end of a pandemic is to accelerate the delivery of the vaccine. That means leaning on visor and return it to get more out quicker and hopefully moving soon to approve additional Weapons in our arsenal at the Johnson, Johnson and AstraZeneca vaccines. President Biden also calling for Congress to act on economic relief, the Senate will begin the impeachment trial of President Trump February. 9th baby sees Alex for Shay says there's a New York Times report and alleges the president discussed removing the acting attorney general Jeffrey Rosen, as part of a plan to pressure officials in Georgia. To flip the state's results. The man who allegedly worked on the plan, according to the Times lawyer, Jeffrey Clarke. The report claims Trump mold over whether to fire the acting a G and replace him with Clark because rose and refused Trump's requests to use the DOJ to overturn the election. According to the Times, Trump decided against firing Rosen on Lee after top justice officials threatened mass resignations. In the report, Clark says this account is inaccurate. Trump declined to comment. You're listening to ABC News now checking KGO traffic.
KGO 810
"peak financial freedom" Discussed on KGO 810
"By JIM Files and Dan Amit of Peak Financial Freedom Group. They are the co founders of Peak Financial Serving you throughout the Greater Sacramento area with an office in Roseville and so often on the program. We talk about how important it is to have a written plan for retirement and to be well established for your retirement future and go into it armed with the right kind of plan, But Jim and Dan, I know that that's easier, said Then done. It's not a click of the fingers and everything happens. You guys have built guidelines. You have built a structure around how this plan is supposed to happen. And I'm wonder if you could take a couple of minutes today. Gonna walk us through inm or detail. What you're planning process is like what the philosophy is behind the planning process. Walter, we have Ah rules based system that we adhere to at our firm and we have seven very specific and exacting rules that we live by and developing every single financial plan for every single one of her clients. If you follow these seven rules, you have a super super Hi chant of being successful in retirement. And then why don't we talk about the first rule that we live by in developing a full financial plan? Well, Jim rule number one in our seven rules to live by former time security is always avoid large losses using what we call the golden rule of 5 to 10%. Well, that simply means is you must position your portfolio to make sure if we have another market downturn, a major market downturn like 4000 and two or 74,000, And when the market lost over 50% you need to make sure you don't have more than A 5% lost up to a maximum of 10% loss. Because imagine that you have $2 million in your portfolio and you go through one of those big losses and you lose 50%. Your $2 million goes down to a million. And you now must earn 100% on your million to get back up to even If instead we can reduce your potential risk down to 5%, the $2 million will still have a loss, but it will be reduced from a million dollar loss down to 100,000 are lost now, instead of only having a million dollars left in your $2 million portfolio, we have 1.9 million and to make them 1.9 million back up to two million. We only have to earn a 5.3% recovery gain, and it's how then you can get ahead. Suffering. A big loss will be the most devastating thing. To your retirement success. The second rule that we live by is what we call minimizing the fees inside your portfolio. You cannot get out of fees. When you're working in the financial industry. Whether you're managing your money yourself or you have a financial advisor. There are fees. There's a lot of fish. You don't see we do a full analysis here. We called it a fee analysis. We have outside third party resource is we use we take a client portfolio. How it's configured whether stock bond mutual funds or exchange traded funds. We hand this off to the research firm. They come back, and they tell us the exact fees. Most clients think they're only paying their financial advisor to the advisor is only telling them what they're charging them and whether that's 1% or 1.5% of your portfolio value. That's what you think you're paying in fees, but that's not accurate. Every client it pain, additional fees. Those are fees that you don't see inside your portfolio. For example, if you have mutual funds inside your portfolio, you're probably paying in excess of 3% in total fees to have your money. Manage. Yes, you're paying your financial advisor, possibly 1%. But when they're selecting mutual funds of mutual fund companies do not work for free. There's lots of people. Lot to computer and big buildings. You're paying another anywhere from 1 to 1.5%, typically with mutual fund fees. Inside those funds of mutual fund managers are buying and selling stocks or bonds to the course of the year. There's an internal trading cost that you don't see the average internal trading cost of 1.44% annually. So if you add up just though, 3 ft, and there's other fees as well, you could be paying 34 or 5% in fees. And what's the third rule that we live by in developing a portfolio number three is you must significantly reduce volatility because volatilities will kill the opportunity for you to generate a significant amount of income that's guaranteed to last for as long as you live volatility will on Lee reduce your chances of success to retirement. So that's the goal, making sure you don't go up and down the same amount that the stock market's going up and down. We have to overhaul your portfolio to minimize volatilities. How about number four? Jim is to earn a reasonable rate of return. Don't try to hit The home run in retirement. You're now in your sixties or seventies or possibly eighty's just earn a reasonable rate of return. We configure portfolios to make sure that you have an opportunity for growth. But we're about risk mitigation. We're going to de risk your portfolio so that you have less risk and what that means. Yes, you're gonna have probably Ah, lower way to return than the stock market. But it doesn't mean you can't earn a reasonable rate of return because the main goal of retirement is making sure your money is safe. Safety is the most compelling concern you should have in retirement. Don't lose your assets. We give you statistics all the time on these shows, because if you lose half your assets and your down 50%, you actually need 100% ready return just to get back to even you do not want to be in that position. So, Dan, what's the fifth rule? We live by and building a retirement income plan? It's managing taxation, understanding taxation, managing it, most importantly, knowing that you're not probably going to be in a high tax bracket when you retire. Let's say you generated $200,000 of gross income in retirement. Most people they were going to get killed with taxes when in reality If you live in the state of California, you're going to pay about 18% in total taxes on your 200,000. That's going to be about 12% Federal in 6% State tax, not too high of attacks at all, and you're going to do well. You could take us much income is you want and you will not get killed with taxes by understand exactly how the tax code works. Have a number six. Jim 26. Whether we live by is generating income into retirement and a client only has two choices You can either generate what we call maybe income. That's income that's going to be generated off your portfolio interest dividends, growth, etcetera, or they can generate what we call certain income and clients don't often understand what that means By certain income. There are financial instruments that we use and developing a portfolio that actually will give you certain income. It's guaranteed for as long as both you and your spouse live. Even if you live to 120 years of age. That means that that income coming off of that financial instrument is going to be there every single day every single month for as long as you live, it will never go down. It'll only potentially go up in value, depending on the product that we use. And of course you can use maybe income that's income coming off your portfolio. But when we designed an income plan, we're trying to design it specifically to what you're trying to achieve. And if you want a pension income stream off your assets, there's a way to do it, and it's called certain income. So Dan what's the seventh rule that we live by in retirement security, The seventh is the most important rule and that is heavy written retirement income plan. That will then tie everything about your money together. In a document, you will have a retirement income projection. Little show exactly how much income you're going to get every year for as long as you live and each year where each income source comes from. It will include a income tax projection. Little show as you increase your income to live the lifestyle you plan during retirement, How much tax you really pay, and you'll know exactly how much after tax monthly income you have to spend every month The third portion. That plan will be a beneficiary asset transfer Analysis..
NewsRadio KFBK
"peak financial freedom" Discussed on NewsRadio KFBK
"Peak Financial freedom. Adam with Jim files, and Dan Amit 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 are trying to get some of the truths out to people and make sure you can handle the truth because you've been told a lot of things that we don't feel are necessarily accurate. So one of them is you've been told forever. Mutual funds are safer than stocks, and you have look, it would have been mutual fund you have if the bond mutual fund that it might have less risky stocks, But if it does a stock mutual fund if it's an index, 500 fund and NASDAQ funded AL Fund if it's a growth fund, the balanced fund is an international fund emerging Mark. Confound all those Those are gonna be equity types investments inside of the mutual fund, which means you're buying stocks. So a Mitchell on the buy stocks. Is that then by definition going to be less risky than stocks. No, I mean, it's gonna have seen level risk. Yes, it'll have more positions will have more companies. But you have more stock positions of more companies. So you still have Equal amount of risk. But how many people you think out there have been told. Oh, mutual funds are a lot less risk in the stocks. Advisers typically tell their clients that which is not true, It's a stocked it just, you know. Ah, lot of stocks under one umbrella. That's all that is. Have you ever seen a mutual fund or exchange traded fund show? A 12 month loss of 40% 50%, 60% or even over 70%? Yes, I mean, if you go back to 0708 No. Nine or 2001 into the tech bubble. You had if you want just the S and P 500 of the biggest companies in North America. The SNP was down 53%. If you had a small cap stock, you could have been on 60 or 70%. Maybe on an international stock. It could've bound down 70 75%. So, yes, we see and have seen prices of stocks go down significantly. So the truth there is that if you have a beautifying, and then it goes down and you go, gosh, how connected to go down that much is because it was invested in stocks in the market went down. You just have to accept that. What goes hand in hand with that as another truth. And that is your told that if you have a portfolio of a large number of mutual funds it substantial. Reduce your risk through diversification. Well, let's look at what if you have 20 different mutual funds, and let's say it's made up of 16 stock funds and four bond funds and your 80% stock mutual funds. 20% bond mutual funds. It looks great. Looks like a beautiful pie chart. What's gonna happen to that portfolio when most likely when the market crashes, 40 or 50% isn't going to be so diversified that you're not gonna lose one Penny? No, not at all, because many did meet your funds owned the same position. Take Tesla, for example. Well, Tesla ends up in all kinds of different portfolios right? Because it's a tech stock. It's a clean energy sock is considered solar. So it kind of depends on the focus of the of the mutual fund it picking up Tesla and you might own Tesla and others types of stocks. Whereby of those talks, which you know they have a lot of risk to them. They go up and they go down. It will affect all your portfolios whereby you think you only own just a related subject within that portfolio. You don't you own you have overlapped. When there's pretty much proof. If you look at then what happens when the market goes down, whether it's 2000 to 78, 2009 or and even in 2000 and 20 on, do you look at the market going down and you had this diversified portfolio mutual funds, and if it went down substantially, then it shows that you still had risk in that, so you just have to understand that that's just one of the truths to understand that will lie to make a better decision. How about this one? A lot of people are told that they're only paying a total 1% in fees on their total assets that are being managed by their adviser. And, if questioned about their mutual fund cost, additional training cost additional hidden cost management costs etcetera and advisers. Typical. Say No. The only for you're paying is 1%. And someone has an adviser where they're paying a management fee. Um Is that going to be necessarily true if you have mutual funds or you if you have the exchange traded funds, you're paying more than 1% your example? Because these mutual fund companies, regardless of what your advice or may have told you don't work for free. They're big funds, even if it says no load. It doesn't matter. You still have an expense ratio in that fund. You have trading costs. And you could have other miscellaneous fees. So if you're really not sure what to do will help coach you through it for over 50 combined years we've been helping people just like you make the best decisions about their money were some of the top retirement income planners in the United States, and we would be proud to mentor you. If you're serious about your retirement, call us right away. Our clients are very serious about saving money for retirement and typically have between one million to $7 million in assets, not including the real estate. If you haven't least $500,000 in assets will meet with you and give you a free no obligation. Second opinion about your money. We'll talk about what you want to happen with your money Designer Risk reduction plan to eliminate all big stock market losses and never go through another 2008 again. Help you decide how much income you need and work's going to come from Manager income taxes, reduce your fees, discussed any beneficially needs and make sure that you don't outlive your money, and we'll discuss setting up an.
NewsRadio KFBK
"peak financial freedom" Discussed on NewsRadio KFBK
"The good news about covert 19 vaccines. Yeah, they're coming, But you could do a lot more than just wait. See, you have the power to help slow the spread. Actually, you could be a real difference maker and protect your family and loved ones too. Here's how Watch your distance. Stay at least 6 ft. Away from folks you don't live with, And it's risky to be indoors with him, too. No matter how far apart you are, and, of course, avoid crowds also wear a mask. CDC reports that masks protect both the person wearing them and the folks around him from particles that carry the virus and wash your hands using soap and water for 20 seconds and do it frequently. Watch your distance, wear a mask and wash your hands simple, effective and along with vaccines there how you can make a big difference. Learn more about vaccines at CDC dot gov slash coronavirus brought to you by the U. S. Department of Health and Human Services. The following is a paid program. The views and opinions expressed are solely those of the host and do not necessarily reflect the opinions of the staff management and parent company of KFBK. The following program is a paid promotion sponsored by Peak Financial Freedom Group. Welcome to the Peak Financial Freedom, Our With Jim Files and Dan on it, a peak Financial Freedom group. We know many of the issues you're facing retirement don't have a black and white answer. It could be confusing and sometimes hard to find a clear solution. On today's show, we'll help you sort through the complexities and the financial world. The peak financial freedom, our with Jim and Dan starts now. Hello and welcome to another edition of the peak Financial Freedom. Our I'm Walter store hold alongside the great team at Peak Financial Freedom Group Co founders Jim Files and Dan.
Peak Financial Freedom Hour with Jim and Dan
No Burn Alert Issued For Saturday Due To High Air Pollution Forecast In Los Angeles And Surrounding Counties
"Who live in the South Coast Air quality Management district are barred today from burning would either indoors or outdoors. Clean air regulators issued the order due to forecasts of high air pollution, Orange County and the non desert portions of Los Angeles Riverside in San Bernadino counties. I'm Angelica Rubio Ha! Now
Peak Financial Freedom Hour with Jim and Dan
Nancy Pelosi says she will seek another term as speaker if Democrats keep control of the House
"Pelosi confirmed she still wants the top job in the U. S house if Democrats keep control of the Senate close, he said on CNN's state of the union. She'll run for another term as the speaker of the House. Pelosi is in her second stint a speaker after Democrats regained control of the House in the last election. Two people are
Peak Financial Freedom Hour with Jim and Dan
Coronavirus rates breaking new records as rise continues
"Covert 19 of the United States. Nearly 70,000 new case is now being reported each day. ABC is Trevor All this week. 11 States hit new record high Case totals 13 hit record hospitalizations to hit record deaths and Wisconsin now averaging more than 3000 cases, a day broke records in all three categories. In New Mexico. Hospitalizations have jumped 70% this month, the governor tweeting We are past the point of Prevention Mohr. New Mexicans will die. And in Florida Emily Jones is the widow of 51 year old Jerry Jones, a longtime paramedic in Volusia County, where he died in September. 1 Day apart from his sister, who also died from the virus, You know people that don't believe it or Think it's not a big deal, and you shouldn't be afraid of it. You should be afraid of it because it's scary, and it really happens and it's it's
Peak Financial Freedom Hour with Jim and Dan
UC Davis conducting clinical trials of experimental drug that Trump took for coronavirus
"Covert 19 experimental antibody treatment are going to take place in Sacramento at UC Davis doctor say the treatment may provide a therapeutic substitute for the naturally occurring immune response. It's the same antibody cocktail president Trump was treated with after getting his positive diagnosis. U S
Peak Financial Freedom Hour with Jim and Dan
Second stimulus check updates: Negotiators report progress
"Unemployment benefits have expired and still no deal yet on the next round of stimulus spending on Capitol Hill following negotiations this weekend, But Senate Minority Leader Senate Minority Leader Chuck Schumer saying there was progress Speaker Pelosi and I sat with Secretary Mnuchin, chief of Staff Meadows And we discussed the issue by issue by issue way made good progress. There are lots of things that were still divided on the White House is citing concern about piling enormous amounts of dead on future generations. Ah,