In this episode of Inside the Plan, brothers Bill and Andy Bush explore the often-overlooked questions and concerns that shape a meaningful and financially secure retirement. From maintaining your health and managing family responsibilities to finding purpose and planning for long-term care, they walk through the major life areas that impact retirement income planning. With real-life examples, personal stories, and thought-provoking questions, the brothers offer a candid and practical guide for anyone approaching or envisioning retirement.
🕒 Chapters & Timestamps
- 00:00 – Introduction to Retirement Income Planning.
- Bill and Andy kick off the episode by highlighting the importance of thinking ahead when it comes to income planning in retirement.
- They frame the conversation with reflective questions and common concerns that can shape a retirement experience.
- “We’ll throw out some questions you may not have considered—or this episode might just get you thinking, which is always good.”
- 03:06 – Health: The Foundation of Retirement
- The brothers stress how arriving at retirement healthy and debt-free creates a strong start.
- They touch on the value of staying active (hello, pickleball and walking!), maintaining social connections, and the importance of regular checkups and understanding your family health history.
- “Are you doing anything to maintain or pay attention to how you’re treating your body?”
- 06:43 – Family Dynamics and Responsibilities
- From aging parents to grandkids needing support, family dynamics heavily influence retirement plans.
- The brothers share stories of clients navigating long-term care and longevity within their families—and how it affects their outlook and planning.
- “Who are the important people in your life that are still alive? Are you going to need to care for them?”
- 09:40 – Work in Retirement: Expectations vs. Reality
- While many plan to work in retirement, the reality often differs due to health or shifting priorities.
- They examine the importance of staying current with skills, considering fulfillment, and deciding between part-time work or volunteering.
- “Are you going to get fulfillment out of it—or is it just about bringing in dollars?”
- 12:41 – Leisure Activities and Life’s Purpose
- Leisure is more than just pastimes—it’s a key part of fulfillment in retirement.
- From travel and hobbies to spending time with loved ones, the brothers explore how leisure intersects with values, energy, and curiosity in later life.
- “You don’t know when the last grain of sand is going through the hourglass… make the most of your time.”
- 13:55 – Housing Decisions: Downsizing, Costs & Lifestyle
- Where and how you live affects retirement costs and lifestyle.
- The brothers talk about downsizing, maintaining the family home, navigating mortgage decisions, and even multi-story homes vs. aging needs.
- “If you can reduce that spend rate… that’s better for you because things will happen.”
- 16:18 – Legacy Planning: More Than Just Money
- From writing memoirs to giving financial gifts during your lifetime, legacy is about passing on values, stories, and love—not just assets.
- They explore how to think through timing, impact, and the emotional side of legacy planning.
- “What would I want to leave the people I love? What do I want them to know about me?”
- 18:10 – Long-Term Care & End-of-Life Planning
- Only 10% of people carry long-term care insurance—but 70% will need some kind of care.
- The brothers stress the importance of planning for this, including powers of attorney, advance directives, and finding cost-efficient ways to prepare.
- “You’re not trying to pay for everything—just offset the impact on your overall wealth.”
- 20:05 – Final Thoughts & Getting Guidance
- Retirement is filled with unknowns, but you don’t have to go it alone.
- The episode closes with an encouragement to explore these topics and reach out for help navigating the journey.
- “You need trustworthy guides. It’s a foggy landscape, and you’ve never done it before.”
💡 Key Takeaways
- Health and debt status are key to starting retirement strong.
- Fitness routines can be social, budget-friendly, and personally fulfilling.
- Family responsibilities (parents, kids, grandkids) often influence timing and finances.
- Many retire earlier than expected—health is a big factor.
- Leisure and life’s purpose go hand-in-hand for a satisfying retirement.
- Housing decisions affect cost, comfort, and long-term flexibility.
- Legacy includes memories, values, and family stories—not just wealth.
- Long-term care planning is critical, even if insurance isn’t feasible.
- Trusted advisors can help guide the planning process.
🔊 Sound Bites
- “Who are the important people in your life?”
- “What is your life’s purpose after retirement?”
- “What if you had five years left—what would you do?”
- “A lot to think about in retirement planning.”
Contact Info:
Bill Bush: bbush@horizonfg.com
Andy Bush: abush@horizonfg.com
www.horizonfg.com
Answering Key Questions in Retirement
In this episode of Inside the Plan, brothers Bill and Andy Bush explore the often-overlooked questions and concerns that shape a meaningful and financially secure retirement. From maintaining your health and managing family responsibilities to finding purpose and planning for long-term care, they walk through the major life areas that impact retirement income planning. With real-life examples, personal stories, and thought-provoking questions, the brothers offer a candid and practical guide for anyone approaching or envisioning retirement.
🕒 Chapters & Timestamps
💡 Key Takeaways
🔊 Sound Bites
Contact Info:
Bill Bush: bbush@horizonfg.com
Andy Bush: abush@horizonfg.com
www.horizonfg.com