Meet Oak Harvest Financial Group: Our Approach to Planning for Retirement

 

Troy Sharpe: Hi, I’m Troy Sharpe, certified financial planner professional, CEO and co-founder of Oak Harvest Financial Group. Thank you for considering us for your retirement planning and investment needs. We started this company to be a firm that I wish existed when my grandparents retired almost 20 years ago, a firm where they could have worked with an advisor that had a fiduciary responsibility to always act in their best interest and was just as passionate about taxes, income, and retirement planning as they were about investments like stocks and bonds.

My grandparents were simple people with simple wishes. Unfortunately, due to poor planning, bad advice, and two aortic aneurysms five weeks into retirement, most of their savings were gone in just a few years. In retirement, planning is just as important as the investments we own. In addition, it’s important to work with a firm that understands the sacred trust inherent in the investment advisor-client relationship. It’s built on honesty, transparency, and simply caring about the families that you work with. This is all the money that you have, and it should be treated as such and planned accordingly. Oak Harvest was built with that vision in mind and we carry it out every day for thousands of families just like you all across the country.

Retirement Phase vs. Accumulation Phase

Couple goes through budget in retirement.Financially speaking, the retirement phase is much different than the accumulation phase. Virtually, every financial decision you make impacts how long your money will last, how much you’ll pay in tax, and how much income you’ll have over the course of your retirement. It’s all interconnected, and each decision tips over another domino that impacts another aspect of your retirement. This basic retirement planning concept is critical to understanding the importance of each and every decision you’ll have to make for the rest of your life.

Mistakes at this stage are magnified because you have less time to correct them. When to take social security, where to withdraw income from, how much should you spend? The 4% rule versus a dynamic spending plan we like to call it a go-go and slow-go spending plan, capital gains tax, income tax, estate tax, gift tax, sequence of returns risk, Medicare, annuities, insurance, the list goes on and on. Retirement planning is just like a puzzle and putting those pieces together properly is what we call optimizing, and optimizing is what we do here at Oak Harvest Financial Group.

Our typical client wants the answers to the big questions, can you retire, do you have enough, how do you reduce risk, how do you pay less tax? The big one is, if something happens to you, will your family be okay? Our advisors help answer those questions by walking you through a structured process with the end result being your very own customized retirement success plan, or RSP for short.

The Retirement Success Plan

Your RSP is not only a retirement plan but a timeline of action to address the five key areas of retirement planning; risk management and investment allocation, income planning, tax planning, healthcare planning, and estate planning. Just like putting a puzzle together starts by looking at the picture on the box, your RSP starts with getting to know what’s important to you and your vision for retirement. That’s what we do on the first visit, begin to paint the picture of your retirement by understanding you.

Just like most things in life, your RSP requires ongoing maintenance and attention. We are not a transactional firm like a broker, we are a registered investment advisory firm that manages hundreds of millions of dollars for over a thousand families all across the country. We are a good fit for those that are looking for a relationship with a trusted advisor who puts an equal focus on planning and investments.

All investment management duties are handled in-house by a team of investment professionals that have managed multiple four and five-star ranked mutual funds and number one and number two ranked funds in the country by Lipper. I encourage you to check out their bios down below. By offering these investment management services in-house instead of outsourcing to a third party like many firms, this helps to lower costs for you, create more transparency, and provide a direct line from you through your advisor to your investment managers.

Does your advisor offer Social Security analysis?More than Investment Management

At Oak Harvest, it’s not only about investment management, it’s our institutional-like investment management combined with a passion for retirement and tax planning that makes Oak Harvest Financial Group different. You’re going to receive a call from Frank who’s in our scheduling department, who’s been with me for about 12 years now. He’ll get to know a little bit about you and schedule your visit with the appropriate advisor.

We’re also going to send out a financial questionnaire, your FQ. That covers the basics of what we’re going to ask you on a first visit. Having this filled out and sent back to us before the visit allows the advisor to prepare but also to make that first visit more efficient and productive for you. If we don’t receive it back, we will take time on that visit to fill it out and gather the data. On the first visit, we simply get to know what’s important to you, how do you envision retirement? Is it spending time with the kids and grandkids, traveling, playing golf, or maybe fishing?

Maybe you’d like to know if you have enough to plan for a few vacations in your go-go years, and you’d like to pay for the kids and the grandkids to come along, maybe they’re significant others. However you envision spending your time, we’d like to build a customized plan to help that come to fruition. Between that first and second visit, our senior financial planners will begin inputting that data into the foundation of what will become your retirement success plan. When we meet back for that second visit, we’ll go through a customized analysis of your current risk, income, and tax situation.

We’ll walk through various scenarios, modeling out different questions you may have, different circumstances, in order to refine your goals, how you envision retirement and the steps we can take to better optimize your retirement. This analysis usually takes one or two appointments, and once we’re finished, we simply ask you if you want our help. If you do, then we’ll assign you a dedicated concierge representative that assists with opening new accounts and transferring your assets to TD Ameritrade or Charles Schwab. We make it a seamless transition by taking care of all the heavy lifting for you.

Similar to a crane, we simply go over to your existing custodian, pick up that account as is, and bring it over to its new home. We don’t make any changes to your current investments until we’ve met back on what we call the allocation visit, and we agree at that point on the plan moving forward for investments, income, taxes, the whole shebang. If we’re not a good fit or you don’t want our help, simply let us know and we’ll part as friends, and that’s okay. No one at Oak Harvest will ever pressure you. Not all clients are a good fit for us and we’re not a good fit for everyone. This process is simply about determining that.

Conclusion

I encourage you to watch our videos on YouTube to get to know us leading up to your visit, and as you visit with us and progress through this process, continue to watch those videos so you can get an understanding of who we are. It’s institutional-grade investment management for retail clients, combined with a passionate focus on retirement and tax planning that makes Oak Harvest Financial Group different. I encourage you to schedule your first visit to get to know us better while allowing our advisors the opportunity to get to know you.

Do you need a Retirement Success 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 or click HERE to fill out this form for a free consultation.