What If The Stock Market CRASHES | How To Approach it in Retirement | Retirement Planning at 60's

What if the stock market crashes in your retirement? Troy Sharpe, CFP®, discuss "What If" scenarios that help give you the flexibility to make course corrections and modifications to your plan so that you can sleep better at night.

00:00 Introduction with Mark Elliot
01:25 What If The Market Crashes
01:52 Asset Allocation
02:32 What If Taxes Go Up
07:51 Common Mistake People Make When Converting to a Roth IRA
08:10 When To Do A Roth Conversion

Hiring a Retirement Planner can give you more confidence going into retirement because they set you up with an Investment Plan, an Income Plan, a Tax Plan, a Healthcare Plan, and an Estate Plan. Helping you build your plan!

#investments #retirementplanning #retirementincome #taxplanning #estateplanning #stockmarket

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[thomasjacques]

What typically happens to capital gains/dividends if the market drops 40%-50%? Are they still paid albeit at lower rates? Do gains/dividends drop the same percentage?

[jimfarmer]

I can live comfortably on just my small pension and social security. If the market tanks I will cut back on my luxury expenses.

[jeremiah]

or you could just not gamble in the stock market

[rgarri]

A well diversified portfolio over long term should do it. He says you will not have to pay tax on Roth IRA? What if Congress passes a law that say you do? Everyone has the answer to what they don’t know the problem.

[cooneyshawn]

Main point, get rich enough were you don't need to worry about any of this stuff and you could live off bonds