Jun 17, 2019
In this episode of Inside the Plan with the 401(k)
Brothers, Bill Bush and Andy Bush, advisors at Horizon
Financial Group, address a a familiar comment from plan
participants: "I don't know what to do!" Bill and Andy talk about
the various retirement funding types for those who find themselves
not knowing what to do, and how those options apply to various
retirement goals. Also the 401(k) bros. talk about where to seek
- 1:28 – What is involved in managed accounts?
- 3:09 – What is a target date fund?
- 5:49 – Which types of growth funds are available?
- 7:10 – If you don’t know, seek out some education.
- 7:55 – What financial vehicles are best to get you to your
- 8:25 – Know what your employer match is and when you can make
- 9:11 – What is involved in the do-it-yourself way of retirement
3 Key Points:
- The three ways to have your money invested for those who don't
want "to do it themselves" are third-party managed accounts, target
date funds, and a balanced fund.
- Target dates funds are age-appropriate and are scheduled close
to your retirement and target risk funds are more risk-averse and
conservative for participants further away from retirement with
risks that aren’t changing.
- Educate yourself with the help of a financial advisor.
- “A lot of plans have built-in vehicles for those that just
don’t understand things” – Bill Bush.
- “Growth, moderate growth, moderate, moderate conservative and
conservative are usually the five that you find there. If they
don’t have those, you might see something called a balanced fund.”
– Andy Bush.
- “They say knowledge is power. But really, knowledge in action
is power.” – Andy Bush.
- Contact Information: