Step 2 of Retirement Success Plan: Income Planning

[@pengmagno7395]

Agree with most except for active investing and a dividend approach.

[@OakHarvestFinancialGroup]

Hi Peng! Thanks for watching and sharing your perspective!

[@missouri6014]

Great summary thank you

[@stevemlejnek7073]

I'm finding income planning to be quite complex. I've got close to a ten year gap to fill between retirement and taking social security. Looking to pull income from multiple streams while also staying eligible for ACA subsidies and doing Roth conversions. It's a lot to consider, while also keeping taxes in check.

[@OakHarvestFinancialGroup]

Thanks for watching, and we understand your concern @Steve Mlejnek - We would love to assist - Please click the link below to request a free consultation with our financial advisors: click2retire.com/step2

[@robertporter1429]

Suggestion...when you "dont' fill in the "titles" of those other 3 buckets, we dont really understand what in the world they "are"? Fill in the Titles of those buckets...thx

[@robertporter1429]

Curious....."How do you get paid?" thx

[@barbiec4312]

At what $$ in your investments is it better to defer your SS and take from your investments as opposed to taking SS earlier in order to not take money from your investments in order to lower your RMDs?

[@randolphh8005]

Having RMDs that create tax problems, means that you have a large portfolio! That is not a bad thing. The only issue is whether you can take some of that money earlier at a lower rate or get taxed on it earlier by doing Roth conversions. You can’t avoid all taxes. The best you can do is try to manage the tax bill, but if you have plenty of money, it’s really just about minimizing taxes. You will still have plenty of money to live off even after taxes.

[@shosansah4629]

Do you work with folks outside of TX?

[@OakHarvestFinancialGroup]

Yes, we do provide services for clients outside of Texas. Please click the link below to request a complimentary consultation with our financial advisors: click2retire.com/step2