Sep 5, 2019
In this episode of Inside the Plan with the 401(k)
Brothers, Bill Bush and Andy Bush, advisors at Horizon
Financial Group, share the important questions you need to be
asking yourself and your spouse to properly prepare for retirement
and adjust your 401(k) plan accordingly.
- 1:20 – Bill Bush and Andy Bush introduce the episode topic of
when is the
last time you have checked the balance and performance of your
- 2:19 – There are tools to see where you stand in your 401k)
- 2:59 – Bill tells a story of someone not viewing their 401(k)
in over 10
- 4:00 – You don’t have to look at your 401(k) plan
- 4:24 – Who is going to be in your retirement picture?
- 6:08 – Science says you need a strong vision of your
- 9:25 – When is the last time that you have used the online
other tools to plug your retirement planning numbers in?
- 11:48 – Add 1% to what you are contributing once a year for 5
3 Key Points:
- When is the last time you have checked the balance and
performance of your
- When is the last time you have rebalanced your account?
- When is the last time that you have thought and visualized what
your future financial self looks like?
- “From time to time, go online and just take a look. So know,
not just to take a look to see what your balance is, but to see how
your money is invested.” – Andy Bush.
- “A lot of record keepers, have an auto feature that allows you
to select: I want to rebalance every 6 months or once a year or
maybe even quarterly.” – Bill Bush.
- “There have been studies, probably years ago, that have been
done that kind of showed the difference between doing it
(rebalancing) quarterly, every 6 months, or annually. There isn’t a
lot of difference.” – Andy Bush.