Inside The Plan

We're Participants Too

Jun 28, 2019

In this episode of Inside the Plan with the 401(k) Brothers, Bill Bush and Andy Bush, advisors at Horizon Financial Group, talk about the main fears people have of retirement, the importance of paying down debts, and not getting bogged down by the past and focusing on what you can do to benefit your retirement right now.

Episode Highlights:

  • 0:38 – Bill Bush and Andy Bush introduce the topic of “we’re participants,too.”
  • 1:10 – What are the major fears around retirement?
  • 2:38 – When do I want to retire and what is the spending going to look like?
  • 4:25 – Some careers are less taxing on your body and your time and can allow for a longer retirement age.
  • 5:00 – Paying down debts before you retire is vital.
  • 6:11 – Don’t dwell on the past that you can’t change. Make the most of your future.
  • 7:23 – What are the benefits of delaying retirement?
  • 8:27 – Start saving for retirement early and never look back.
  • 9:48 – How difficult is it to save extra?
  • 12:19 – See what changes you can make to your retirement plan.

3 Key Points:

  1. Increase your retirement contributions every year if that is possible.
  2. The effect of delaying retirement by one year is usually positive.
  3. Make the financial sacrifice now to add for a better tomorrow.

Tweetable Quotes:

  • “Try not to dwell on the past. But make the most of the opportunities that are available now.” – Bill Bush.
  • “All you can do is right now.” – Andy Bush.
  • “Take care of the debts. The house being paid off before I retire is certainly a goal.” – Bill Bush.

Resources Mentioned:

Contact Information:

  • bbush@horizonfg.com
  • Abush@horizonfg.com

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