Timothy Sumer

In this episode, Troy Sharpe, CFP® and Financial Advisor, continues his discussion on the Retirement Basics and The Oak Harvest Retirement process, touching upon some acronyms, S.M.A.R.T. and T.E.A.M. and what they mean to the Oak Harvest Financial Group and your retirement planning process. He discusses the 5 steps of the Oak Harvest retirement planning process; #1. Investment Planning, #2. Income Planning, #3. Tax Planning, #4. Healthcare Planning and #5. Estate Planning. #investments #retirementplanning #retirementincome #taxplanning #estateplanning 00:00 Introduction - Mark Elliot - The Retirement Income Show 01:03 S.M.A.R.T. what does it mean for your retirement planning process 01:25 Oak Harvest Retirement process for retirement planning 02:13 Step 3 of Oak Harvest Retirement Plan Taxes can be your #1 Concern 03:41 Risk Management and Asset Allocation is Step 1 And Why 04:08 The Value Oak Harvest Financial Group provides to clients 06:00 Give us a call so w

Do I need a Roth Conversion? How long will I live? Will I run out of money? What if I die before my spouse, will they be ok? These are some of the questions we look at in this case study of a couple in their 60's with $1 million. We take a look at how much they can expect to spend in retirement. We'll also take a look at some of the things that might go wrong while in retirement. 00:00 Introduction 01:06 The “Light Bulb” Moment 02:38 Parameters 03:30 Income Plan 05:54 Inflation and Your Income Plan 07:10 Social Security 08:29 Monte Carlo Simulation 10:43 Sequence of Returns Risk 11:19 Roth Conversions 12:14 Biden Tax Legislation Livestream 13:27 Required Minimum Distributions 15:06 Identifying the Shortfall 17:46 Social Security Income Analysis 21:05 Play Zone 27:53 Your Portfolios and Time 28:27 Contact Us and Subscribe #incomeplanning #retirementplanning #retirementincome #retirewith1million #retirementat60 Working with a CFP® professional can be an impor