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

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  2. Time for a Change?

Nov 6, 2020

In this episode of Inside the Plan with the 401(k) Brothers, Bill Bush and Andy Bush, advisors at Horizon Financial Group, talk about times and strategies to make changes in your 401(k) plans and your retirement savings.

 

Episode Highlights:

  • 01:18 – Bill Bush and Andy Bush talk about how the change in seasonal weather can signal other changes in your life.
  • 02:11 – Is it time to change your contribution rate?
  • 03:31 – New Year's resolutions are a time to reflect on your investment changes. 
  • 05:16 – What can you do in the next 30 days to have a better outcome in your life? 
  • 07:35 – Make sure you are comfortable with the risk you are taking.
  • 06:50 – Identify what makes your life meaningful instead of just buying random things just because other people have them.
  • 08:30 – Budgets are controls over you, it is you being in control of where your money goes.
  • 09:00 – Use a retirement plan calculator to see where your goals are at currently.
  • 11:20 – Unfortunately, people will spend more time planning a two-week vacation then they will spend reviewing their retirement.

 

3 Key Points:

  1. Birthdays, especially milestones like 30, 40, and 50, are times to make retirement changes.
  2. When your car is paid off, you can start reinvesting that money that is now freed up.
  3. Write down your goals, make them intentional, and hold yourself accountable.

 

Tweetable Quotes:

  • “Anytime there is a change in temperature, change in season, it is a change, and so you can maybe think through, ok, well is it time to change something else in my life?” – Andy Bush
  • “Is it time to change your investment philosophy if you haven’t changed your funds in a while?” – Andy Bush
  • “The last 30 days, did you do something that was instrumental in your life or did you just kind of go about your life?.’” – Andy Bush

 

Resources Mentioned: