The T.I.M.E Blueprint: Navigating Taxes, Income, Money & Estate Planning with Oliver Asset Management

Send us a Text Message. Each generation is currently navigating a unique part of the retirement planning experience. With many baby boomers preparing for the transition into retirement and Generation X starting to think more about their retirement savings, these major life events come with a handful of financial planning questions. In today’s episode, we’ll focus on some of the common questions that these age groups are asking. While there’s no universal solution to these questions, this episode will provide some important considerations to keep in mind. As Frank and Walter express in this episode, it’s important to address these kinds of questions early on and get a plan in place so that you can step into retirement with confidence. Be sure to stay tuned until the end of the episode, where Frank answers a listener's question about whether or not to take out a life insurance policy. Here’s some of what we discuss in this episode: 0:00 – Intro 2:53 – Important considerations 5 years before retirement 7:31 – Downsizing or relocating in retirement 10:15 – Gen Xers seeking professional help 14:03 – Wanting to retire early 17:36 – Getting to know Frank 20:43 – Listener question It’s T.I.M.E for a plan! Schedule a free session here: https://calendly.com/oliverassetmanagement/schedule-a-meeting-with-frank-oliver?month=2023-09 Learn more about the T.I.M.E process: https://www.oliverassetmanagement.com/time

Send us a Text Message. Are you planning for your retirement with the confidence that you're making all the right moves? In today's episode, we'll unveil the crucial income planning mistakes that could put your retirement at risk. From overlooking inflation to neglecting to diversify income sources beyond Social Security, Frank and Walter will walk you through the key pitfalls to avoid when planning for retirement. Stay tuned to learn how important it is to craft a financial plan that is designed to last decades, not just years. Here’s some of what we discuss in this episode: 0:00 – Intro 3:33 – Planning to be retired for years, not decades 5:37 – Starting Social Security too early 7:43 – Assuming bonds will be your main income source 10:15 – Ignoring inflation 12:30 – Forgetting lifetime income streams outside Social Security 17:08 – Getting to know Frank 19:36 – Mailbag question It’s T.I.M.E for a plan! Schedule a free session here: https://calendly.com/oliverassetmanagement/schedule-a-meeting-with-frank-oliver?month=2023-09 Learn more about the T.I.M.E process: https://www.oliverassetmanagement.com/time

Send us a Text Message. Have you ever wondered what questions to ask your financial advisor, or why those questions are crucial? In today’s episode, we’re tackling exactly that. We're discussing the vital questions that bring transparency and depth to your financial advisory relationship. It's about getting clarity on how advisors work, what they specialize in, and how they align with your financial goals. These are the questions you MUST ask your financial advisor. Here’s some of what we discuss in this episode: 0:00 – Intro 3:11 – How do you get paid? 4:31 – Typical client 6:33 – Investment philosophy 9:16 – Strengths and specialties 11:01 – Communication style 13:18 – Educational resources 14:29 – Emergency procedures 16:11 – Who will I work with? 19:53 – Getting to know Frank 23:48 – Listener question It’s T.I.M.E for a plan! Schedule a free session here: https://calendly.com/oliverassetmanagement/schedule-a-meeting-with-frank-oliver?month=2023-09 Learn more about the T.I.M.E process: https://www.oliverassetmanagement.com/time

Send us a Text Message. Sometimes it’s hard to make financial sacrifices when the reward might not be seen until several years in the future. Today we’ll talk about some of the situations where you might be inclined to take the immediate benefit when you should really consider the delayed rewards… While it can be tempting to pass up on a 401k match when money is tight or take Social Security as soon as you turn 62, considering the broader implications and future impact of those choices is critical. Here’s some of what we discuss in this episode: 0:00 – Intro 3:41 – Passing up on 401k match 5:51 – Saving in tax-deferred accounts 8:30 – Depleting emergency fund 10:38 – Cashing out retirement plan 13:48 – Taking Social Security at 62 18:10 – Getting to know Frank 21:07 – Listener question It’s T.I.M.E for a plan! Schedule a free session here: https://calendly.com/oliverassetmanagement/schedule-a-meeting-with-frank-oliver?month=2023-09 Learn more about the T.I.M.E process: https://www.oliverassetmanagement.com/time

Send us a Text Message. Ready for an adventure? Think of retirement planning as climbing a mountain. It's not just about the climb up; it's about preparing wisely, tackling the ups and downs, and even planning your way back down. We're talking about setting milestones, dealing with market surprises, and making sure your hard-earned savings last through your entire retirement journey. Join us as we gear up with some smart strategies and insights, making sure you reach the top and enjoy the view! At the end of the episode, Frank provides advice on securing cash for closing on a home without resorting to a substantial IRA withdrawal. Here’s some of what we discuss in this episode: 0:00 – Intro 2:50 – Preparing For the Climb 5:55 – The Ascent 9:30 – Base Camps 12:00 – The Summit 15:25 – Descending Safely 19:53 – Favorite Sushi 22:15 – Listener Question It’s T.I.M.E for a plan! Schedule a free session here: https://calendly.com/oliverassetmanagement/schedule-a-meeting-with-frank-oliver?month=2023-09 Learn more about the T.I.M.E process: https://www.oliverassetmanagement.com/time

Send us a Text Message. In this festive episode, we’ll sift through a sleigh-full of financial products and strategies to find out which ones deserve a spot in your financial stocking this year, and which ones are the proverbial lumps of coal. This will be an educational episode for all investors, whether you’ve been financially naughty or nice this year... Stay tuned until the end of the show, where we get to know Frank through some creative questions! This week, he shares what exotic animal he would choose to have as a pet. Then, he answers David’s question, who asks if he should reinvest in more CDs once his current ones mature. Here’s some of what we discuss in this episode: 0:00 – Intro 4:01 – Penny stocks + Crypto 5:22 – S&P 500 Index ETF 7:11 – Rental properties 12:08 – Roth IRAs 12:54 – Credit card 13:53 – HSA 17:46 – Getting to know Frank 22:20 – Listener question It’s T.I.M.E for a plan! Schedule a free session here: https://calendly.com/oliverassetmanagement/schedule-a-meeting-with-frank-oliver?month=2023-09 Learn more about the T.I.M.E process: https://www.oliverassetmanagement.com/time

Send us a Text Message. “Learn from the mistakes of others. You can’t live long enough to make them all yourself.” – Eleanor Roosevelt… Ever wish you could foresee financial missteps before they happen? In today’s episode explore some real-life stories of regret and arm yourself with the essential dos and don'ts to ensure your money works for you, not against you. Listen in as we discuss the drawbacks of early IRA withdrawals and how important it is to keep lifestyle creep in check in your peak earning years. We’ll also chat about the potential impact of overspending on tuition for your children, the risks that come with retiring early without proper planning, and more. Here’s some of what we discuss in this episode: 0:00 – Intro 4:25 – Premature IRA withdrawals 7:34 – Lifestyle creep 10:24 – Assisting your children 13:29 – Retiring too early 18:06 – Roth IRAs 21:50 – Favorite winter activity 25:53 – Listener question about whole life insurance policy It’s T.I.M.E for a plan! Schedule a free session here: https://calendly.com/oliverassetmanagement/schedule-a-meeting-with-frank-oliver?month=2023-09 Learn more about the T.I.M.E process: https://www.oliverassetmanagement.com/time

Send us a Text Message. The retirement planning world is filled with plenty of advice and suggestions, but there are critical questions lurking in the shadows – the unasked, the overlooked. These are the questions that can help define the comfort and security of your retirement future. In this episode, we unearth and tackle these hidden, but essential questions about retirement. How much can you safely withdraw from your retirement savings each year? Do you really need life insurance in retirement? Listen in as Frank and Walter tackle these commonly overlooked questions so that you can gain the clarity you need to take on your retirement years with confidence! For this week’s mailbag question, David asks whether the government can require him to withdraw a certain amount from his IRAs and 401k, leading to a higher retirement income than what he currently earns while working. Here’s some of what we discuss in this episode: 0:00 – Intro 2:50 – Tax deferred savings 6:45 – How much can I withdraw each year? 9:33 – Life insurance in retirement 11:45 – Medical coverage beyond Medicare? 14:47 – Fees and commissions 19:51 – An exciting announcement 21:19 – Getting to know Frank 23:19 – Mailbag question on RMDs from IRAs and 401Ks It’s T.I.M.E for a plan! Schedule a free session here: https://calendly.com/oliverassetmanagement/schedule-a-meeting-with-frank-oliver?month=2023-09 Learn more about the T.I.M.E process: https://www.oliverassetmanagement.com/time

Send us a Text Message. Today we’re moving to the third pillar in the T.I.M.E™ process as we delve into investment planning and money. When people think about financial planning, this is often the piece of the puzzle that comes to mind first as you work to grow your money in a responsible way. Today we’ll walk you through a high-level look at how we work through the investing portion of a client’s plan, how the different buckets of money are divided, and how we structure a plan to make sure your money is working for you throughout your retirement. Here’s some of what we discuss in this episode: 0:00 – Intro 3:54 – What’s the goal? 8:24 – Risk profiles 12:04 – Fees 14:53 – Active vs passive management 18:20 – Getting to know Frank 21:18 – Mailbag question on pensions It’s T.I.M.E for a plan! Schedule a free session here: https://calendly.com/oliverassetmanagement/schedule-a-meeting-with-frank-oliver?month=2023-09 Learn more about the T.I.M.E process: https://www.oliverassetmanagement.com/time

Send us a Text Message. Today we’re going to take you through the second piece of the T.I.M.E™ process (tax, income, money, and estate planning) with a discussion on income planning and why it’s so important for anyone preparing for retirement. This piece of the process can be very challenging for a number of reasons. First, it takes a different set of tools when you’re decumulating versus accumulating throughout your working career. Second, it takes several steps to determine what you’re going to need to make your money last through retirement, and that’s hard to do on your own. Here’s some of what we discuss in this episode: 0:00 – Intro 2:58 – Without an income plan, do you really have a retirement plan? 4:26 – Why are so many unprepared here? 6:38 – Steps to putting that income plan in place 9:13 – Real-life example 14:32 – What phone app does Frank use the most? 16:36 – Mailbag question on debt It’s T.I.M.E for a plan! Schedule a free session here: https://calendly.com/oliverassetmanagement/schedule-a-meeting-with-frank-oliver?month=2023-09 Learn more about the T.I.M.E process: https://www.oliverassetmanagement.com/time

Send us a Text Message. There’s a reason why tax planning is a key component to the planning process at Oliver Asset Management. Too often, people focus solely on growing their portfolio another three to five percent, which is important, but it’s much more difficult to make up for a 15-20% tax hit that could have been avoided by proper planning. Today we want to look a little closer at the tax planning process and how it differs from the tax preparation we do every year in April. Positioning yourself correctly while you’re working can possibly save you thousands of dollars in retirement. Here are some of the highlights from this episode: 0:00 – Intro 3:52 – Tax planning vs tax filing 5:15 – Safe to assume that taxes will be lower in retirement? 9:10 – Three tax buckets 10:07 – Tax strategies to consider when you’re working 12:05 – How taxes fit into legacy planning 13:39 – Required minimum distributions 17:57 – Frank’s favorite bands 19:12 – Listener question on tax-free income It’s T.I.M.E for a plan! Schedule a free session here: https://calendly.com/oliverassetmanagement/schedule-a-meeting-with-frank-oliver?month=2023-09 Learn more about the T.I.M.E process: https://www.oliverassetmanagement.com/time

Send us a Text Message. Thanks for joining us for the first episode of The T.I.M.E Blueprint with Frank Oliver of Oliver Asset Management. We’re excited to have you and look forward to the financial planning and retirement conversations we’ll have every show. To get things kicked off, we wanted to take a little time telling you more about who we are and provide some background on Oliver Asset Management. We’ve been around the Colorado area all of our life, so we’ll tell you why it’s special to us and what you might find us doing away from the office. Plus, we’ll give you a preview of what we hope you’ll learn from each show and who will get the most out of the conversations we have with Frank. Please subscribe to the show if you like what you hear and stay tuned for more from The T.I.M.E Blueprint. Here are some of the highlights from this episode: 0:00 – Intro 1:05 – Frank’s background 3:00 – How the business has evolved 4:13 – What being a financial advisor means 9:00 – What we like most about Colorado 12:33 – Frank’s passion for flying 13:39 – What we hope you learn from the show 16:03 – Frank’s favorite TV show growing up It’s T.I.M.E for a plan! Schedule a free session here: https://calendly.com/oliverassetmanagement/schedule-a-meeting-with-frank-oliver?month=2023-09 Learn more about the T.I.M.E process: https://www.oliverassetmanagement.com/time