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8280 YMCA Plaza, Building 5, Baton Rouge, LA 70810.

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

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 out answers.


Episode Highlights:


  • 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 retirement goals?
  • 8:25 – Know what your employer match is and when you can make changes.
  • 9:11 – What is involved in the do-it-yourself way of retirement funds?


3 Key Points:


  1. 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.
  2. 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.
  3. Educate yourself with the help of a financial advisor.


Tweetable Quotes:

  • “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.



Resources Mentioned:


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