Timothy Sumer

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 clea

Troy Sharpe, CFP®, recently read an article online where a 58-year-old man with $1.4 million saved up asked if he had enough to retire. He had $700,000 in a 401(k) account and $700,000 in a non-qualified account. 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. #dontrunoutofmoney #successfulretirement #enoughtoretire 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 Plan 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 H

Roth & IRA's Explained ( Individual Retirement Accounts ) | Roth IRA index funds. What is an IRA? An individual retirement account (IRA) is a tax-deferred investment account that helps you save for retirement. There are four popular types of IRAs — traditional, Roth, SEP and SIMPLE — and all offer tax benefits that reward you for saving. You can open an IRA at banks, robo-advisors and brokers, and your contributions may be tax-deductible, or withdrawals may be tax-free. Some people might hear IRA and think Irish Republican Army, that's not what we're talking about here. We're describing the retirement accounts the IRS officially calls individual retirement arrangements. How do IRAs work? Investing in an IRA allows your money to grow and compound, says certified financial planner Matt Aaron, founder of Washington, D.C.-based Lux Wealth Planning, an affiliate of Northwestern Mutual. You can invest in stocks, bonds and other assets. How your account balance