Planning ethos shaped by grandfather’s health crisis
Troy Sharpe, CEO of Oak Harvest Investment Services, says his interest in investments — and in retirement planning in particular — took root in his childhood. Having been raised by his grandparents, he witnessed his grandfather’s health crisis, which occurred shortly after he stopped working.
“My grandfather was five weeks into retirement when he had two aortic aneurysms,” he says. Sharpe spent every day in the hospital with him, witnessing firsthand the challenges of health care in retirement. This experience was both an emotional and financial eye-opener, highlighting the gaps in the existing system of financial planning for retirees.
It ultimately led Sharpe to scrutinize the retirement planning industry more closely.
“I realized that many firms lacked foresight in planning,” he said. “It was all about managing the money with no real comprehensive strategy.”
Armed with a finance degree, he set about founding Oak Harvest Investment Services — with a focus on plugging those gaps for clients looking at retirement planning.
“It’s not just about the investments,” Sharpe explained. “Once you enter the distribution phase of retirement, the strategy changes. It’s about understanding the impact of today’s decisions on future security.”
Sharpe underscores the importance of addressing the emotional aspects of financial decisions in retirement — not just the monetary.
“From our side, one of the big challenges is helping clients stick to the plan through ups and downs,” he said. “We build relationships and help them stay the course.”
Oak Harvest’s approach to retirement planning is not just about building wealth but also about understanding and managing the tax implications of retirement income.
“You’re forced to start taking
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