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Retirement Planning: I'm 66 Years Old With $800,000, Can I Retire?


retirement planning at 66. Troy Sharpe, CFP®, takes a look at someone retiring with $800,000, runs it through an advanced simulation to see the probability of making it through retirement with money. In this episode, Troy looks at 1,000 different scenarios looking at the probability of successfully retiring without running out of money, given the current economic situation. The analysis is part of what we at Oak Harvest call a Oak Harvest Retirement plan, a customized solution aimed squarely at your retirement needs. Oak Harvest retirement planning Process Instead of trying to fit you into a box, Oak Harvest builds the box around you. So, no two plans are exactly alike. We tailor investments, income, tax-reduction, safety, long-term care and legacy solutions around your retirement vision and goals. It starts with a discussion about your retirement vision. A retirement vision is the most critical element of a Oak Harvest Retirement plan because it allows us to clearly identify specific goals, allowing our team to get to the root of what is important to you. Once those goals are identified, we explore and educate you on the strategies that can make your vision your reality. When the appropriate strategies are agreed upon, it’s time to discuss which tools are appropriate to complete the plan. Stocks, bonds, CDs, annuities and mutual funds are nothing more than financial tools that can be used inside your Oak Harvest Retirement Plan to accomplish your vision and goals. As independent fiduciaries, we don’t care which tools are used. We care only that the best tools to accomplish the job are implemented. When your Oak Harvest Retirement plan is complete, you have a clear financial path that can help provide peace of mind. We will build each component that you may need for your specific circumstance: - You will have in front of you a simple, easy-to-understand retirement income plan. - You will have an investment strategy appropriately fitting your investment objectives and risk profile. - You will have a Social Security strategy that’s designed to maximize your life savings — not just your Social Security benefits. - You will have a long-term care strategy that’s designed to maximize and protect your retirement against future medical costs. - Your legacy desires will be addressed by a CERTIFIED FINANCIAL PLANNER™ professional who coordinates and works with attorneys who draft the appropriate legal tools, if needed. Once complete, your Oak Harvest Retirement Plan flows into a monitoring process where adjustments can be made when the investment, tax or legal landscape change. It’s reviewed frequently with you by your dedicated team, which includes your advisor, the investment team, and our services team. Do you have a retirement plan that goes beyond allocating funds to truly fit your needs? We can help you create a retirement life plan customized for your retirement vision and legacy. Call us at (877) 404-0177 If you have $500K or more and would like a partnership with a firm to help you manage your investments and financial plan as in these videos, click on this link to connect with our advisors: #financialsuccess #retirementplanning #retirementincome #financialplanning...(read more)



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