The COVID Penalty for Those Turning 60

By |2020-09-21T09:41:25-04:00September 21st, 2020|Financial Planning, Retirement|

If you turn 60 years old in 2020, your Social Security benefit may get hit with a double-whammy. People turning 60 this year are at the tail end of the Baby Boom generation, and the first Americans ever required to wait until age 67 to receive full Social Security benefits. Older Boomers have been able to claim full benefits at [...]

Questions to Ask Before Claiming Social Security

By |2020-09-09T09:16:44-04:00September 9th, 2020|Financial Planning, Retirement|

The most frequently asked Social Security question I get is, “When should I claim my Social Security benefits?” Well, that’s a loaded question, because there are so many moving parts and everyone’s situation is different.? So, here are some considerations when you’re trying to figure out when is the right time for you to start Social Security. ? Age and [...]

10 IRS Audit Red Flags for Retirees

By |2020-08-31T09:48:20-04:00August 31st, 2020|Financial Planning, Retirement|

Retirement is the time you want things to run smoothly. After all, you’ve spent a lifetime preparing for retirement—saving money, paying things off, having plenty of retirement income. The last thing you want is a notice from the IRS informing you that you’re going to be audited. The chances of an audit are extremely low. In 2019, the IRS audited [...]

5 Tax Strategies to Help you Hold on to Your Money in Retirement

By |2020-08-03T10:47:36-04:00August 3rd, 2020|Financial Planning, Retirement|

What is retirement, really? We think we know. So, we do our best to prepare for both current circumstances and as many surprises as we can conjure up.? After all, with people living longer than ever before your money has to last longer than ever before. Certified Financial Planner Troy Sharpe, the founder and CEO of Oak Harvest Financial Group, [...]

How to Make Roth IRAs Work for You

By |2020-07-27T08:55:58-04:00July 27th, 2020|Financial Planning, Retirement|

As a long-forgotten TV detective used to say, “Just the facts Ma’am, just the facts.” In any discussion about Roth IRAs, there can be lots of what for’s and how come’s and what if’s. But here, we’re going to look at basic Roth IRA facts to see if a Roth makes sense for you. The Roth IRA has been around [...]

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