Peak Wealth Planning

Stars, stripes, and sparkling skies. 🎆🇺🇸 Happy Independence Day, America! Here's to the land of the free and home of the brave. Stay safe and enjoy your celebrations.

During heat waves, check on your friends, family, and neighbors daily. Extreme heat can be hazardous for everyone, especially for older adults.

Find tips for everyone at ready.gov/summer-ready!

Happy Father's Day to all the dads and other father figures!

My father taught me to be tough, work hard, and to never give up. He also treated his friends well, something I strive to do too.

Cash is king! After a decade of saving for future investments, I carefully considered private fund opportunities for my portfolio. However, prioritizing liquidity for uncertain needs was key. Despite challenges like multiple visits to Chicago, an intense bidding war, and losing out on a property, the prospect of becoming Uptown residents is exciting pending a successful inspection. When advising planning clients, we always emphasize balancing current needs with future flexibility.

Join The Illinois Chapter for an unforgettable outing! Tee up your ESOP connections and sweing into action with our exclusive roundtable discussions before hitting the greens. Connect with ESOP leaders, share insights, and strategize – all while enjoying the picturesque backdrop of the Bloomingdale golf course.

The event will be held June 26th from 7:30-9:00am. Space is limited.

Community Event This site is optimized for Google Chrome, but you're using Internet Explorer.If you experience any problems, please return with Google Chrome!

Selling our home in Champaign after 17 years has been quite the journey. It took about 17 weekends to prep, from purging to fixing up the landscaping. Tomorrow, it hits the market. Reflecting on this process, I recommend estimating one weekend per year lived in a home to prepare for a move. Purging belongings was the toughest part. Excited for our next chapter in Chicago!

🔍 Why is life insurance a must in your financial plan? Our latest blog explores this crucial, yet often ignored, aspect. Don't wait for a wake-up call; protect your legacy now! 💼🛡️

Secure Tomorrow Today: Why Delaying Life Insurance is Risky Timing is critical with life insurance. Factors like age and major life events can affect your insurability.

Learn how to make informed decisions on diversifying your ESOP holdings and planning for a successful retirement with insights from Peter Newman. 🌟

A Deep Dive into ESOP Diversification and Distributions Uncover the art of ESOP diversification and distribution strategies, vital for a secure retirement.

Thrilled to be presenting at NCEO National Conference in Tampa this morning with Dawn Hafner of OneAmerica and Tiffany Bennett of Plastic Products Company. Together we are leading the audience into answering major decisions ESOP participants may face throughout their career.

https://2024annualconference.eventscribe.net/fsPopup.asp?Mode=presInfo&PresentationID=1376577

When it comes to saving for , diversification is critical. Consider building your nest egg with a combination of accounts in addition to an .

Should an ESOP Be Your Only Retirement Account? When it comes to saving for retirement, diversification is critical. Consider building your nest egg with a combination of accounts in addition to an ESOP.

📢 Exploring ESOP Financial Wellness! Discover why personal financial training is crucial for employee owners.

www.peakwealthplanning.com

🎙 Tune in to Mini-cast 252 of The EsOp Podcast featuring Peter Newman of Peak Wealth Planning! Gain valuable insights on mid-career retirement planning and what to consider as an employee owner. 🌟 Don't miss this episode!
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Mini-cast 252: A Mid-Career Retirement Check-in Bret Keisling shares an excerpt featuring Peter Newman of Peak Wealth Planning, discussing things to consider mid-career when looking towards a future retirement, taken from next week's episode of The EsOp Podcast. In the final episode of our three-part series with Peter Newman, he will be discussin...

🔍 Dive into ESOP Diversification & Distributions! Learn from expert Peter Newman about navigating this vital aspect of your ESOP journey.

A Deep Dive into ESOP Diversification and Distributions Content originally published on the EsOp Podcast on January 16, 2024. In The EsOp Podcast Episode 264, Part 2 of 3, we embark on our most in-depth exploration yet into the world of Diversification and Distributions. I'm Bret Keisling, and I'm thrilled to once again be joined by Peter Newman, the fou...

🎙 Don't miss this sneak peek! Join Peter Newman of Peak Wealth Planning and Bret Keisling as they dive into ESOP Account Diversification, a crucial topic for a successful retirement. Listen now on The EsOp Podcast's Mini-cast 251.
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Mini-cast 251: ESOP Diversification - A Quick Look Bret Keisling shares an excerpt featuring Peter Newman of Peak Wealth Planning, who gives a very quick look at ESOP Account Diversification taken from next week's episode of The EsOp Podcast. In that episode you'll hear our deepest dive yet on the nuts and bolts of ESOP Account Diversification and D...

🚀 Master ESOP Diversification with our latest blog! Unveil the secrets to securing a successful retirement with Peter Newman.

Successful Retirement Planning Content originally published on the EsOp Podcast on January 9, 2024. In The EsOp Podcast Episode 263, Part 1 of 3: "Successful Retirement Planning," Bret Keisling is joined by Peter Newman, the founder of Peak Wealth Planning, a boutique financial advisory firm specializing in high-net-worth individ...

Regular listeners of The ESOP Podcast know it's about the "EO A-ha Moment." Check out Mini Cast Episode 250 to discover Peter Newman's transformative moment in employee ownership! 🎙️
https://www.theesoppodcast.com/post/mini-cast-250-peter-newman-s-eo-a-ha-moment

Last week, I had the privilege of visiting Washington D.C to immerse myself in my new role as VP Membership with the Illinois Chapter of The ESOP Association . It was an exciting journey, as we provide information to 19 elected officials from the State of Illinois to advocate for employee ownership.

During our time in the capital, I had the opportunity to connect and collaborate with fellow chapter officers, including Dave Horvath from Prairie Capital Advisors, Inc., Renee Lewis from Holland & Knight LLP , and Becky Streff from Holden Industries Inc. Together, we charted our course for promoting not just in 2024 but beyond.

Being part of the initiative to champion the benefits of employee ownership on a national scale is invigorating. I can't wait to see the positive impact it will have in the years ahead!

Is it more important to pay lower taxes this year?

Or, to potentially save hundreds of thousands or millions over the next few decades?

If you have significant balances in retirement and investment accounts, you may want to forecast your lifetime tax bill.

This includes employee owners at ESOPs.

Americans’ Required Retirement Income Has Never Been Higher A surging stock market pushed many retirement account balances to new highs at the end of last year. But these higher balances are a mixed blessing for those already in retirement.

Ringing in the new year early!

What is something you want to achieve in 2024?
Tomorrow is Make Up Your Mind Day, a day for reflection of the highs and lows of the year ending.

Make Up Your Mind Day Make your decision and stick to it. Find success by reaching out to experts or really commit to doing your research.

In my household we updated our financial plan last week (in between skiing and 2024 business planning). We learned:
1. Jerome has more international stock than I do.
2. We are comfortable with our household asset allocation and forecasted investment returns.
3. Our cash reserves are sufficient.
4. Peter will continue Roth conversions.
5. Our family health insurance deductible increased to $3,400.
6. One of Jerome's beneficiary designations was missing.
7. Where our money was spent during 2023.

The benefits of this review:
1. Our family members agree on spending and lifestyle goals.
2. We have a tax reduction strategy.
3. There is flexibility if unexpected events occur.
4. If something happens to one of us, the other knows what to do.

Is everyone in your household on board with the financial plan?

Happy holidays from the Peak Wealth team.

What is a 6 letter word for a type of crossword puzzle?

Crossword puzzles are a fun and challenging way to improve your problem-solving abilities. Plus, it’s a great way to decompress.

https://www.washingtonpost.com/crossword-puzzles/daily/

Are you on track to meeting your goals for your retirement vision?

4 Questions to Ask Before Buying a Vacation Home Peak Wealth Planning recommends our clients rent for at least a month, three years in a row, in the same town before making a vacation home investment. The r...

Have a goal you’ve been putting off?
So what are you waiting for?

Take steps today to set it into action.

Are you on track to making your goals work for you?
Schedule a discovery call today to capture your and
Link in the comments.

When you are ready to call your favorite travel destination home, answer these 4 questions before sealing the deal.

4 Questions to Ask Before Buying a Vacation Home Have you ever dreamt of calling your favorite travel destination home? Before you purchase a vacation home, consider these 4 points.

Travel stress doesn’t spark joy. These 6 strategies will get you to your next vacation getaway with only carry-on luggage.

Marie Kondo your Carry On for Stress Free Travel Travel stress doesn’t spark joy. These 6 strategies will help you survive your next getaway with only carry-on luggage.