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15015 Jamestown Boulevard, Suite 100, Baton Rouge, LA 70810. 

Advisors of Horizon are Registered Representatives of Cetera Advisors LLC, a broker/dealer and Registered Investment Adviser.

Sep 30, 2019

In this episode of Inside the Plan with the 401(k) Brothers, Bill Bush and Andy Bush, advisors at Horizon Financial Group, go through a checklist of financial anxieties and fears that typically keep people up at night.

 

Episode Highlights:

 

  • 0:41 – Bill Bush and Andy Bush talk about sleepwalking and growing up on a farm in Indiana.
  • 2:28 – What keeps you up at night and creates financial anxiety for you?
  • 4:33 – Lack of confidence creates anxiety.
  • 4:51 – Financial Anxiety #1 is retirement.
  • 6:53 – Financial Anxiety #2 is money saved for education.
  • 7:45 – Financial Anxiety #3 is life events.
  • 10:09 – Financial Anxiety #4 is elder care.
  • 11:35 – Financial Anxiety #5 is estate planning.
  • 13:44 – Financial Anxiety #6 is financial basics.
  • 15:46 – Not having a budget can lead to stress.

 

3 Key Points:

 

  1. Saving up enough for your children’s college education can determine which schools they are able to enroll in.
  2.  Know what is involved in taking care of your parents and the expenses involved.
  3. Estate planning is not just for rich people. Estate Planning is the value of your life with all your assets included.

 

Tweetable Quotes:

  • “How do I know if I am going to have enough? Is my money going to last? Am I going to outlive my money or is my money going to outlive me? Those are important answers to get.” – Andy Bush.
  • “If you get married, there is how to handle the finances. Who is going to do what? Do you combine things? Do you not? ” – Andy Bush.
  • “If you are living and relying on both of your incomes here and now, you’re likely going to live and rely on both of your retirement incomes in retirement. And so, start saving, both of you.” – Andy Bush.

 

 

Resources Mentioned: