Podcast appearances and mentions of Bill Bush

In this episode of Inside the Plan, the 401(k) Brothers, Bill and Andy Bush, explore the key risks retirees face and the importance of planning ahead to mitigate them. They discuss longevity risk, inflation, healthcare expenses, investment volatility, liquidity concerns, family responsibilities, and public policy changes, providing insights on how to prepare for a secure retirement. Key Takeaways ✔ Longevity Risk – Running out of money before you run out of life. ✔ Inflation Risk – The rising cost of living affects retirement budgets. ✔ Healthcare & Long-Term Care Risk – Increasing medical expenses and the need for caregiving support. ✔ Financial Elder Abuse – A growing threat from scams and even trusted individuals. ✔ Investment Risks – Stock market volatility, interest rate changes, and sequence of return risks. ✔ Liquidity Risk – The importance of keeping accessible cash reserves. ✔ Work-Related Risks – Counting on employment but facing health or job market obstacles. ✔ Loss of a Spouse – Financial and emotional adjustments following a partner's passing. ✔ Public Policy Risk – Changes in Social Security, Medicare, and tax laws can impact retirement plans. Time-Stamped Chapters & Breakdown

In this episode, Bill and Andy Bush discuss the "7 Stages of Financial Well-Being," a concept developed by Money Coaches of Canada. They explore each stage, from financial chaos to financial fulfillment, and provide practical insights into how individuals can move up the financial staircase. With a focus on building confidence and intentionality, this episode is a roadmap for anyone seeking financial freedom and stability. Whether you're in financial chaos or nearing financial fulfillment, Bill and Andy share tips and strategies to help you navigate the emotions, behaviors, and actions needed to reach the next level. Time-Stamped Chapters: 00:08 – Welcome and Introduction: The 7 Stages of Financial Well-Being 02:20 – Defining Financial Confidence and Well-Being 03:30 – Stage 1: Financial Chaos—Understanding the Struggles and Emotions 06:00 – Stage 2: Financial Avoidance—Awareness and Desire to Change 06:50 – Stage 3: Financial Awareness—Taking Charge and Building a Plan 09:00 – Stage 4: Financial Stability—Basics in Place and Moving Forward 11:39 – Stage 5: Financial Security—Following a Plan and Managing Risk 13:55 – Stage 6: Financial Freedom—Living the Life You Want 16:11 – Stage 7: Financial Fulfillment—Spending and Giving Aligned with Values 18:27 – Steps to Move Up the Ladder—Intentional Planning and Guidance 20:00 – How to Seek Help and Resources for Financial Growth Sound Bites: "Financial confidence is about the freedom to make life choices without being overburdened by financial worries." "Organization brings about stability. When you know where everything is, you feel more in control." "If it is to be, it's up to me.” Moving up the financial ladder starts with taking personal responsibility." "Financial fulfillment is about aligning your money with your values and using it as a tool to achieve your purpose." Main Takeaways: Financial Chaos: Characterized by disorganization, fear, and living paycheck to paycheck. Overcoming this stage requires addressing behavior and habits. Financial Awareness: The first step towards change involves acknowledging the problem and building a plan. Financial Stability: Basics like emergency savings and retirement contributions are in place, but continued effort and organization are key. Financial Fulfillment: At the top of the scale, money is no longer an obstacle but a tool to live a purposeful life aligned with values. Steps to Progress: Planning and intentionality are the antidotes to financial fear, and seeking guidance can provide the clarity needed to move forward. Resources: Money Coaches of Canada – Learn more about the "7 Stages of Financial Well-Being." Horizon Financial Group Resources—Explore tools and resources to improve your financial confidence. Contact Information: Bill Bush – bbush@horizonfg.com Andy Bush – abush@horizonfg.com Horizon Financial Group – Website Disclosures: The views depicted in this material are for information purposes only and are not necessarily those of Cetera Advisors LLC. They should not be considered specific advice or recommendations for any individual. Neither Cetera Advisors LLC nor any of its representatives may give legal or tax advice. Bill Bush and Andy Bush are registered representatives offering securities and advisory services through Cetera Advisors LLC, a broker/dealer and Registered Investment Adviser, member FINRA/SIPC. Cetera is under separate ownership from any other named entity. Address: 15015 Jamestown Boulevard, Suite 100, Baton Rouge, Louisiana 70810.  

In this episode of The Runway Decade Podcast, Bill Bush and Brother Pete focus on the importance of adopting the right mindset as the year ends. They emphasize actionable steps for financial planning, highlight key year-end deadlines, and discuss how proactive health and financial practices overlap. Reflecting on their personal experiences and the importance of gratitude, they guide listeners on how to approach 2025 with clarity and intention. Key Discussion Points 00:00 – Introduction to the Runway Decade Podcast Bill kicks off the episode with a signature aviation-themed welcome. Reflection on the passage of time and its relevance to the “runway decade” (ages 50-59). Pete and Bill share their perspectives on nearing the end of their own “runway decades.” 02:03 – Year-End Reflections and Planning for 2024 The year-end as a natural checkpoint for assessing financial and personal progress. Breaking life into manageable segments—weeks, months, quarters—and using the calendar as a tool. Highlighting year-end financial deadlines: Retirement plan contributions (employee contributions must be made by December 31). Donor-advised funds and charitable giving, with a suggested cutoff of December 15 to avoid processing delays. Other key tax-related actions to complete before year-end. 08:00 – Mindset for Financial Success in the New Year The value of reflection: asking “If I'm sitting here a year from now, what needs to happen for me to feel successful?” How to break long-term goals into achievable quarterly milestones. Emphasizing proactive and positive self-talk to overcome setbacks. Tips for staying focused and avoiding the post-New Year's slump: Use quarterly planning to maintain momentum. Start whenever you're ready—even if it's February! 14:03 – Health and Financial Well-Being Bill shares personal experiences managing pre-diabetes and past heart health challenges. The importance of annual physicals and “knowing your numbers” for both health and finances. Parallels between financial and physical discipline: Regular checkups and monitoring. Seeking professional advice to stay on track. Pete highlights the role of a financial advisor in providing clarity, much like a doctor does with health. 19:58 – Closing Thoughts and Holiday Wishes Gratitude for listeners and their support throughout the podcast's journey. Encouragement to reflect on the year's accomplishments and make thoughtful plans for the next. Bill and Pete share personal holiday traditions, including family gatherings and planning sessions. Pete's tradition of attending a year-end strategic workshop in Santa Monica for goal-setting. Holiday wishes to the audience, with a reminder to reach out for guidance or share feedback on podcast topics. Takeaways Reflection & Planning: The end of the year is a natural time for reassessing and planning. Proactive Financial Steps: Maximize opportunities such as catch-up contributions ($7,500 for those 50+) and donor-advised funds. Plan ahead to avoid last-minute stress. Health & Wealth Connection: Health is as critical as financial success; discipline in both areas leads to long-term well-being. Curiosity and Positivity: Be curious about your numbers and stay optimistic in your approach to setbacks and challenges. Gratitude & Connection: Use the holiday season to appreciate progress and connect with loved ones. Sound Bites “It's unbelievable how fast they go nowadays.” “If I'm sitting here a year from now, what needs to happen for me to feel successful?” “Be curious and seek out information.” “The man with his health has a thousand wishes; the man without it has one.” “Happy holidays to everyone listening in.” Resources Mentioned The Runway Decade: Building a Pre-Retirement Flight Plan in Your 50s RunwayDecade.com Horizon Financial Group Connect with Us Visit our website: RunwayDecade.com Email us: info@horizonfg.com  

For the first time since winning the 29th House District seat in Kent County, Democratic State Rep. Bill Bush must earn his spot on the November general election ballot. Bush and Monica Shockley Porter face off for that spot in the September 10th Democratic primary.Delaware Public Media's Abigail Lee reports on the 29th House District race and where both candidates stand on key issues.

In this episode of the Runway Decade Podcast, hosts Bill Bush and Brother Pete delve into the intricacies of managing finances as you approach the later stages of your career, emphasizing the common financial planning mistakes and how to correct them. Through engaging discussions and a client story, they explore the importance of auditing your financial health, the role of a financial advisor, and practical strategies for maximizing retirement savings and investment performance.   Episode Highlights   ·         00:00:02 - The episode kicks off with an exciting announcement that the Runway Decade podcast is ready for takeoff, setting the stage for an insightful discussion on financial planning and management. ·         00:00:20 - Hosts Bill Bush and Brother Pete introduce themselves and the episode's theme, discussing the tendency to follow conventional financial wisdom and how it may not always yield the expected outcomes. They stress the value of reassessing financial strategies that aren't working. ·         00:01:06 - They delve into the common issue of not utilizing financial advice properly and the metaphorical need for a "financial flashlight" to illuminate unseen opportunities or pitfalls in one's financial journey. ·         00:01:49 - A client story is shared to highlight the tangible impact of thorough financial auditing, demonstrating how uncovering overlooked details, like double taxation on stock options, can lead to significant savings. ·         00:02:41 - Further exploring the mismanagement of stock options due to a lack of understanding from tax professionals, this segment emphasizes the critical role of financial literacy and the benefits of seeking a second opinion on tax matters. ·         00:03:27 - The hosts discuss the discovery of a double taxation issue on stock options, showcasing the importance of reviewing past tax returns for potential errors that could lead to tax refunds. ·         00:04:11 - The conversation shifts to the broader implications of not understanding complex financial instruments like stock options, stressing the need for diligent review and professional consultation. ·         00:04:54 - Highlighting the quote from Will Rogers about the peril of knowing something that isn't true, the hosts underscore the importance of questioning financial assumptions and conducting regular financial audits. ·         00:05:40 - The hosts introduce the concept of a financial matrix as a tool for conducting comprehensive audits of personal finances, encouraging listeners to assess each aspect of their financial life systematically. ·         00:06:27 - They explore the key areas of focus during a financial audit, including cash flow, budget, investments, retirement planning, and insurance, to ensure all aspects of one's financial health are in order. ·         00:07:14 - The episode discusses the benefits of revisiting and updating one's financial plans regularly, using personal anecdotes to highlight how easy it is to overlook crucial financial updates. ·         00:08:02 - They address the importance of systematically rebalancing investment portfolios to capitalize on market fluctuations and maintain alignment with one's risk tolerance and investment goals. ·         00:08:49 - A detailed discussion on the significance of accurate contribution rates in retirement plans, illustrating how common misunderstandings about employer matches and contribution limits can affect long-term savings. ·         00:09:35 - Emphasizing rebalancing as an essential investment strategy, the segment clarifies how it helps investors buy low and sell high, a practice that is counterintuitive but fundamental to achieving investment success. ·         00:10:29 - The hosts talk about the long-term nature of retirement planning, highlighting the necessity for plans to extend through retirement and the common misconception about the duration of retirement savings. ·         00:11:26 - The narrative shifts to the importance of projecting future income needs and adjusting savings rates accordingly, to avoid financial shortfalls in retirement. ·         00:12:18 - Exploring the concept of the financial confidence quadrant as a self-assessment tool, the hosts suggest it can help individuals identify areas of their financial life that need attention. ·         00:13:10 - Continuation of the conversation on retirement planning, emphasizing the importance of ensuring savings and investment strategies are designed to support a potentially long retirement. ·         00:14:06 - Concluding thoughts on the need for ongoing financial education and literacy, urging listeners to be proactive about seeking advice and verifying the accuracy of their financial information. ·         00:15:05 - The hosts wrap up the episode by inviting listeners to reach out for advice or use the tools provided on their website to conduct their personal financial audit.   Key Takeaways 1.     Regularly auditing your financial health can uncover overlooked opportunities or mistakes, potentially leading to significant improvements in your financial situation. 2.     It's all too easy to follow conventional financial wisdom without considering its applicability to your unique situation. This episode emphasizes the importance of questioning financial assumptions and seeking personalized advice. 3.     Understanding complex financial instruments and their tax implications is crucial to avoid overpaying taxes and maximizing the value of your investments. 4.     Tools like the financial matrix and the financial confidence quadrant can provide structured ways to assess and improve various aspects of your finances, from savings rates to investment strategies. 5.     Retirement planning should account for a potentially long retirement period, necessitating a focus on strategies that ensure longevity and stability of retirement income.   Tweetable Quotes - "It isn't what we don't know that gives us trouble; it's what we know that ain't so." - Will Rogers, as quoted in discussing financial assumptions and their impact.   - "You can't read the label from inside the jar." - On the value of seeking outside perspectives to gain insights into your financial status and make necessary adjustments.   Resources Mentioned: - https://www.horizonfg.com/ www.runwaydecade.com

In this engaging episode of the Runway Decade Podcast, Bill Bush and Brother Pete delve into their journey since the release of their book, "The Runway Decade," reflecting on how quickly time has flown and the importance of planning for retirement. They explore the crucial first steps in retirement planning, emphasizing the power of envisioning a clear and compelling retirement vision, and offer practical advice on making this vision a reality. The dialogue is rich with anecdotes, insights, and a deep dive into the strategies for achieving a fulfilling retirement. Episode Highlights: - **00:00:23** Bill Bush introduces the podcast and their focus on the critical timeframe for retirement planning, utilizing the analogy of a runway to discuss the accelerated passage of time and its implications on planning for the future. - **00:01:20** The dialogue shifts to the significance of the book's launch and the precious timeframe of a decade in the context of retirement planning. They recount personal reflections on aging and the rapidity of time, tying it back to the necessity of early and thoughtful retirement planning. - **00:02:06** Bill and Pete pivot to the topic of developing a retirement vision, underscoring the invaluable exercise of picturing one's retirement party. This imaginative process aims to crystallize a detailed and aspirational vision of retirement, which lays the groundwork for targeted planning and goal setting. - **00:03:30** The conversation delves deeper into the strategy of visualizing the future to escape the busyness of the present. They illustrate how stepping out of daily tasks and envisioning a blank canvas for the future can profoundly impact retirement planning efforts. - **00:04:18** They engage in a thoughtful discussion around the details that shape a retirement vision, such as who is present in the envisioning exercise and the specifics that make the vision tangible and personal. This level of detail helps solidify the connection between current actions and future outcomes. - **00:05:09** Reflecting on the concept of "writing the history of the future," the hosts encourage listeners to adopt a proactive stance toward retirement planning. By vividly imagining and planning for desired outcomes, individuals can significantly influence their future circumstances. - **00:06:40** Bill shares a personal anecdote about planning for his daughter's education, illustrating how a long-term vision and incremental steps can lead to the realization of significant life goals, drawing a parallel with retirement planning. - **00:08:04** The conversation turns to the philosophical and motivational underpinnings of retirement planning. They instill a sense of agency and responsibility, broaching the topic of public perceptions and personal accountability in securing one's own retirement future. - **00:09:40** Bill and Pete discuss the modern retirement planning landscape, including the rise of defined contribution plans like 401(k)s, and the importance of actively managing these tools to ensure a secure retirement. - **00:11:17** The hosts offer practical advice on how to begin creating a retirement vision, touching upon lifestyle preferences, financial goals, and the importance of dreaming big to achieve an ideal retirement. - **00:12:04** Insights are shared on considering the practical aspects of retirement, such as housing, debt, and healthcare. They stress the significance of strategic planning in addressing these key areas to achieve a comfortable and secure retirement. - **00:13:34** The episode highlights a success story of a couple entering retirement debt-free and emphasizes the profound impact of such achievements on the quality of retirement life. - **00:15:04** Bill and Pete introduce resources available on their website to aid listeners in crafting their retirement vision. They champion the idea that tailored, introspective questions can lead individuals to articulate and pursue their unique retirement dreams and goals. - **00:18:50** The episode concludes with a reminder of the foundational importance of planning in assuaging retirement-related worries and anxieties. Through planning, individuals can transform fear into confidence and anticipation. Key Takeaways: - The speed of time's passage underscores the urgent need for retirement planning. - Visualization and detailed envision as critical strategies for designing a satisfying and meaningful retirement. Personal anecdotes and practical examples highlight the power of proactive, imaginative planning in achieving long-term goals. - Addressing financial, lifestyle, and healthcare considerations strategically is essential for a fulfilling retirement. Tweetable Quotes: - "If you don't know where you're going, you'll probably end up someplace else." Reflecting on the importance of a clear retirement vision. - "Whatever you vividly imagine, ardently desire, sincerely believe, and enthusiastically act upon must inevitably come true." On the potency of visualization and action in planning for the future. Resources Mentioned: - https://www.horizonfg.com/

In this episode of the Runway Decade Podcast, co-hosts Bill Bush and Brother Pete embark on a deep dive into the common hurdles people face as they approach retirement, emphasizing the critical issues of procrastination, financial fears, and organizational challenges. They share personal stories, provide practical advice, and interview specialists to explore solutions for overcoming these obstacles and making progress towards secure retirement planning. Episode Highlights  **00:00:02**: The podcast kicks off with a vivid flight-themed introduction, setting the stage for a conversation aimed at navigating the journey towards retirement. The hosts highlight the importance of preparation and anticipation, similar to pre-flight checks, as a metaphor for approaching retirement planning with careful consideration and readiness. **00:00:23**: Bill Bush and Brother Pete share their excitement about an upcoming family trip to the Derby, using it as a springboard to discuss the importance of traditions and making memories, subtly likening it to the significance of building and maintaining a retirement plan that can support life's meaningful moments. **00:00:40**: The mention of bringing their 81-year-old mother to her first Derby underscores the theme of seizing opportunities, regardless of age, and the joy of experiencing life's firsts. This anecdote serves as a motivational call to listeners to not delay their financial planning endeavors and to embrace new experiences.  **00:01:08**: The conversation transitions into the main topic of the episode: common barriers to financial progress as retirement approaches. The co-hosts point out that many people in their fifties experience a range of obstacles, from procrastination to a lack of organization, underlining that these challenges are both common and surmountable with the right approach. **00:02:17**: Brother Pete emphasizes how procrastination stems from a deeper issue of inertia and discusses the psychological barriers that prevent people from taking the first step towards retirement planning. He suggests that self-reflection on the reasons behind procrastination can reveal actionable steps, thereby transforming a static state into progress. **00:03:18**: The co-hosts discuss the tangible and intangible costs of procrastination, highlighting how delaying financial planning can have far-reaching consequences that outweigh the perceived immediate expenses of taking action. They encourage listeners to consider the broader implications of inaction. **00:04:22**: Bill and Pete use a playful song reference to illustrate the concept of taking one step at a time. This lighthearted moment reinforces the message that small, consistent actions can lead to significant progress over time, especially when it comes to daunting tasks like retirement planning. **00:05:05**: Financial fears are dissected as the co-hosts discuss how fear of the unknown and fear of making mistakes can paralyze decision-making. They use Mark Twain's quote to remind listeners that many of our fears never come to fruition, urging a proactive rather than fear-based approach to financial planning. **00:07:23**: By addressing the challenge of organizational hurdles, Bill and Pete compare financial organization to sorting a junk drawer. This analogy brings humor and relatability to the discussion, making the point that organizing one's financial life is both necessary for clarity and less daunting than it may initially seem.   Key Takeaways Procrastination and inertia are significant barriers to retirement planning, but they can be overcome by breaking the process down into manageable steps and focusing on the long-term benefits of taking action now.  Financial fears often stem from uncertainty and the unknown. Engaging in open discussions about finances and seeking professional advice can help alleviate these fears by providing clarity and paving the way for informed decision-making. Organization is crucial for effective retirement planning. Comparing financial disorganization to a cluttered junk drawer, the co-hosts encourage listeners to tackle their financial clutter, suggesting that such organization can lead to a clearer path forward.   Tweetable Quotes "The journey of a thousand miles starts with a single step. Make that step towards your retirement planning today." - Lao Tzu, as referenced by Brother Pete. "We've lived through a lot of terrible things in our life, some of which actually happened." - Mark Twain, quoted by BrotherPete, highlighting the unnecessary fear we often face when planning for the future. Resources Mentioned: - https://www.horizonfg.com/

In this episode of the Runway Decade Podcast, hosts Bill Bush and Brother Pete delve into a variety of intriguing topics ranging from personal anecdotes about their recent feature in Cigar Aficionado Magazine to detailed insights on investment strategies, particularly in the face of a presidential election year. Their discussion transcends the excitement surrounding the 150th running of the Kentucky Derby, extending to the significance of maintaining a diversified investment portfolio and the impact of election cycles on market performance.   Episode Highlights:   **00:00:02**: Bill offers a lively introduction to the episode, emphasizing the podcast's theme with a metaphorical "cleared for takeoff" message that sets the tone for an engaging discussion on investments, personal experiences, and the anticipation surrounding the Kentucky Derby.   **00:00:23**: Brother Pete warmly greets listeners, expressing excitement for the year 2024 and the immediate event on their calendar - the 150th Kentucky Derby, setting the stage for a blend of personal experiences with broader economic and investment insights.   **00:00:40**: Pete shares anecdotes about receiving messages from friends who saw them in Cigar Aficionado Magazine, linking personal interests and public recognition with the traditions of the Kentucky Derby, creating a relatable entry point for listeners tuned into the episode.   **00:01:16**: A memorable moment with their mother is shared as they talk about taking her to the Kentucky Derby, which has been a long-held dream of hers. This personal story seamlessly transitions into discussing the Derby as a bucket list event, highlighting the familial and emotional significance behind their investment in the event.   **00:02:39**: The conversation pivots to investment themes, where humorously, the Derby is ruled out as a good investment theme but is recognized as a source of fun and a life experience worthy of one's bucket list, highlighting the balance between financial investments and investing in life experiences.   **00:03:24**: Bill and Pete tackle the concept of recency bias in investment psychology, emphasizing how investors' recent memories can disproportionately influence their expectations for the future, leading into a broader discussion on how to approach long-term investing with a level head.   **00:04:15**: Insights into market trends and the importance of staying diversified in one's investment portfolio are detailed. The Bush brothers discuss the fluctuating nature of investment returns and the importance of hedging bets across various asset classes.   **00:06:01**: They break down the statistical likelihood of experiencing positive vs. negative years in the stock market, reinforcing the value of patience and a long-term perspective in investing, supported by historical data to ease the concerns of jittery investors.   **00:07:40**: The episode then segues into discussing the anticipation and uncertainties surrounding the presidential election year and its potential impacts on the investment landscape, injecting a timely thematic element linked to the broader socio-political environment.   **00:09:32**: Importantly, they expound on how fear and uncertain events often lead investors to move towards safer assets, but remind listeners that historically, staying invested or continuing regular contributions has often yielded better outcomes than reacting to immediate uncertainties.   **00:10:21**: Interest rates and their influence on investment decisions, especially in a high-interest rate environment, are addressed, suggesting how current economic conditions might shape investment strategies differently than election anxieties alone.   **00:12:09**: The Bush brothers contemplate the uniqueness of the upcoming election, potentially seeing incumbent figures from both major political parties vying for the presidency, stressing the market's preference for certainty over uncertainty.   **00:16:15**: They conclude the investment discussion with a reflection on the minimal long-term impact of election results on solid investment strategies, reinforcing the importance of staying the course and adhering to one's investment plan regardless of political climates.   **00:19:04**: The episode wraps up with Bill providing contact information and encouraging listeners to explore more resources, making a smooth transition into concluding remarks that books end the podcast with practical advice and ways to engage further with their content.   Key Takeaways:   - Investing in life experiences like the Kentucky Derby can be just as valuable as financial investments, enriching one's quality of life alongside a robust investment portfolio.   - The concept of recency bias and its effect on investment decisions underscores the importance of maintaining a long-term perspective, staying diversified, and resisting the urge to make rash financial decisions based on recent events.   - Historical market performance data reinforces the value of patience in investing, with positive market years outnumbering negative ones and the long-term trend favoring those who stay invested . - Political climates and election cycles can introduce volatility and uncertainty in the short term, but they have minimal impact on well-structured, long-term investment strategies.   - Regardless of the socio-political environment, adhering to a carefully planned investment strategy based on one's financial goals and timelines remains the best course of action.     Tweetable Quotes:   - "In our industry, fear is often equated with cash. But that much fear rarely serves well in the long run." - Bill Bush   - "The market likes certainty. Uncertainty breeds volatility, but long-term investment strategies can weather the storm." – Brother Pete   - "If your plan has not changed, there's no need to overhaul your investment portfolio. Let your goals guide your investment decisions." - Bill Bush   Resources Mentioned: ● https://www.runwaydecade.com

In February's episode of the Runway Decade Podcast, hosts Bill Bush and Brother Bill Bush delve into the intricate world of taxes, particularly focusing on the importance of tax planning for the upcoming season and strategic approaches to retirement. They discuss the timing and strategies for IRA and HSA contributions, the significance of Roth conversions, and the value of tax diversification in retirement accounts. The episode provides a comprehensive overview of tax-efficiency and retirement planning.     Episode Highlights:   ·         00:00:02- The episode kicks off with a standard safety briefing metaphor suggesting the episode has been cleared for takeoff, signaling an in-depth journey into tax season and its implications.   ·         00:00:23 - Bill Bush introduces himself and the podcast, highlighting the timing of the episode around tax season and the importance of preparing tax documents like the 1099s and W-2s. This sets the stage for a broader discussion on tax filing, extensions, and the various documents individuals and businesses need to gather for accurate tax reporting.   ·         00:01:18- The hosts explore the idea of either receiving a large refund or opting for more consistent financial flow throughout the year. This segment unpacks the dilemma many face during tax season - whether to adjust withholdings to increase monthly income or to opt for a large tax refund, effectively loaning money to the government interest-free.   ·         00:02:50 - They discuss actionable steps that can still impact your 2023 taxes, like contributing to IRAs or HSAs, highlighting the importance of deadlines and the benefits these contributions can bring, especially from a tax deduction perspective.   ·         00:03:47- Bill emphasizes the significance of tax diversification for retirement, explaining how having a mix of taxable, tax-deferred, and tax-free accounts can provide financial flexibility in retirement. This strategy can help manage taxation on withdrawals and optimize the available funds.   ·         00:04:40 - Illustrating the concept of having enough liquid savings to cover initial years of retirement to manage risks associated with a down market, the conversation shifts towards strategies that ensure financial stability during early retirement years without having to liquidate investments at inopportune times.   ·         00:06:22 - The discussion moves to different investment accounts and strategies for tax efficiency and wealth growth, including Roth conversions and the strategic use of HSA accounts. They delve into the pros and cons of different approaches in preparation for retirement.   ·         00:08:13 - Exploring the potential for higher tax rates in the future, the hosts share strategies for Roth conversions to lock in current lower rates, discussing the importance of evaluating one's individual tax scenario to make informed decisions.   ·         00:09:54 - They touch on the generational differences in utilizing Roth accounts and the changing perspectives on retirement savings, emphasizing that Roth conversions and contributions are not just for younger people but can be part of a broader strategic plan at any age.   ·         00:11:29 - Addressing the Secure Act's implications on retirement planning, particularly around Roth 401(k)s and traditional IRAs, they note the changing landscape of retirement account regulations and strategies to adjust for those planning their retirements.   ·         00:13:08 - A personal story illustrates why it's crucial to have a clear vision of one's retirement goals, including where to live and expected lifestyle, to accurately plan for income needs and tax strategies.   ·         00:14:36- The hosts tackle tax optimization strategies, suggesting real-time adjustments to withholdings or contributions to retirement accounts to better manage the following year's tax liabilities.   ·         00:15:25 - Diving deeper into the psychology behind tax refunds, the discussion encourages listeners to aim for a neutral tax outcome, where neither a large debt nor a large refund is realized, emphasizing smarter money management across the year.   ·         00:16:12 - They explore more sophisticated tax planning strategies for reducing taxable income in the coming year, including donor-advised funds and tax-deferred investments, urging listeners to begin planning early.   ·         00:19:08 - The episode concludes with reflections on the tax conversation's value and a recap of strategies discussed, emphasizing proactive planning for tax efficiency and retirement readiness.   Key Takeaways:   1.     Tax planning requires understanding and adjusting withholdings to avoid giving the government an interest-free loan. 2.     Retirement planning should include tax diversification and understanding the benefits of different account types for a secure financial future. 3.     . Roth conversions can be a strategic move for many, not just younger taxpayers, to lock in lower tax rates and ensure tax-free withdrawals in retirement. 4.     Proactive and early planning can lead to significant tax savings and more efficient retirement income management.     Tweetable Quotes:   - "Tax planning: It's about giving yourself more control over your finances throughout the year, not just at tax time." – Bill Bush   - "Retirement is not just about saving; it's about planning for tax efficiency and securing your financial future." - Bill Bush

On today's episode of the "The Runway Decade Podcast," hosts Bill Bush and Pete Bush, advisors at Horizon Financial Group discuss the new year, the excitement for growth at Horizon Financial, and the critical importance for individuals turning 50 to consider comprehensive financial planning.   Episode Highlights: ·         01:40: The discussion focuses on the positive outcomes for Horizon Financial Group and its clients in the previous year. They express anticipation for the growth and opportunities in the new year. ·         02:51: The hosts talk about to the move into a new building in 2023, where Bill reflects on the significance of this move and emphasizes the importance of having long-term goals and being prepared for unexpected opportunities. ·         04:19: The hosts talk about the challenges of resisting tempting treats during the holiday season, such as chocolates, candies, and Mardi Gras King Cakes in Louisiana. ·         05:31: Bill mentions turning 59 in August and reflects on the changes and milestones experienced during his 50s, such as moving back to Baton Rouge. ·         07:46: Pete poses a key question, asking whether this will be the year for individuals to make a financial plan. The hosts discuss the awakening that occurs in one's early 50s when the realization of retirement and financial planning becomes more apparent. ·         09:37: The conversation delves into the financial challenges faced by Gen Xers, including student debt and the shift from traditional pensions to 401(k) plans. The hosts mention the responsibilities of the "sandwich generation," dealing with both children and aging parents. ·         10:58: Pete emphasizes the importance of acting, making a plan, and seeking advice. He encourages listeners to make progress on their financial goals and use the matrix as a tool for self-assessment. ·         11:28: Bill and Pete discuss the concept of financial leaks, emphasizing the importance of stopping the leaks in one's financial life. They highlight the significance of assessing savings rates and managing unexpected expenses. ·         12:47: Pete introduces the concept of the retirement bill, comparing it to a mortgage. He encourages listeners to calculate how much they need for retirement and treat it like a bill to be paid down. ·         15:30: Pete and Bill emphasise the importance of seeking advice and taking action to avoid financial regret and anxiety.   Key Points: 1.    The hosts express enthusiasm for Horizon Financials' growth in the upcoming year and stress the essential role of thorough financial planning. 2.    The conversation underscores the importance of financial planning for individuals hitting the milestone of turning 50, emphasizing the need to evaluate and address potential financial leaks. 3.    Listeners are urged to proactively pursue their financial objectives, with an emphasis on seeking advice, crafting a plan, and taking tangible steps to sidestep regret and anxiety.   Tweetable Quotes: ·         "Turning 50 is monumental, and as the older Gen Xers approach retirement, it's time to ask, 'Is this the year to create a solid financial plan?'" - Pete ·         "In the runway decade, turning 50 is a pivotal point. Evaluate your financial matrix, address potential leaks, and set the stage for a confident retirement." - Pete ·         "As we navigate through 2024, remember, political dynamics may change, but your financial goals remain. Seek advice, make a plan, and thrive!" - Bill   Resources Mentioned: ·         https://www.runwaydecade.com/  

On today's episode of the "The Runway Decade Podcast," hosts Bill Bush and Pete Bush, advisors at Horizon Financial Group discuss their recent move to a new building and reflect on the 18 years spent in the previous one. They highlight the excitement of settling into a new studio and navigating the unfamiliar surroundings. As the year comes to a close, they emphasize the significance of the year-end financial planning webinar Bill conducted in November. Bill mentions a checklist from the webinar, available on the Runway Decade website and Horizon site, which covers crucial opportunities and considerations at the close of the year.   Episode Highlights: ·         01:58: Bill and Pete highlight the significance of harvesting gains and losses, considering the recent market fluctuations and the impact on capital gains tax. ·         02:24: Pete explains the process of offsetting gains with losses, illustrating how taxpayers can minimize their tax liability by strategically managing investment gains and losses. ·         03:10: The hosts mention the net investment income tax, its relevance for individuals with AGI over certain thresholds, and the importance of proactive planning with CPAs. ·         05:36: Bill mentions the potential impact of the Tax Cuts and Jobs Act, suggesting taxpayers project their income and consider the possibility of tax bracket changes. ·         07:32: The hosts delve into retirement planning, specifically emphasizing the importance of maximizing contributions to 401(k) plans before the end of the calendar year. ·         09:13: Bill and Pete discuss additional year-end financial planning considerations, including making IRA contributions, exploring Roth conversions, and opening retirement plans for self-employed individuals. ·         10:38: Bill emphasizes the importance of examining asset allocation, rebalancing portfolios, and considering tax-loss harvesting opportunities. ·         12:12: Pete addresses the impact of changing market conditions on different stock categories, encouraging investors to assess the tax implications of potential gains and losses. ·         14:06: The hosts discuss the tax implications of dividend distributions and the need for investors to anticipate taxable income from dividends. ·         15:23: Pete emphasizes the importance of having the right types of insurance coverage and being proactive in assessing coverage needs. ·         16:50: Bill introduces the topic of financial milestones, focusing on age-related events. The Rule of 55 allows penalty-free distributions from a 401(k) if you've left a job at age 55. ·         18:33: Pete mentions the significance of considering Medicare premiums, influenced by income. Changes related to moving, refinancing, marriage, ending a marriage, and updating beneficiaries are discussed. ·         20:26: The hosts highlight the benefits of Health Savings Accounts (HSAs), especially for those in high deductible plans, and the triple tax advantages they offer. ·         22:49: Bill and Pete discuss gifting and the importance of tracking basis for gifts and inheritance. They also touch on state-specific considerations, like Louisiana's 529 plan deductions. ·         24:13: The hosts stress the importance of seeking professional assistance, including CPAs and insurance agents, and emphasize the "who not how" concept from a book they previously discussed.   Key Points: 1.    Conduct a comprehensive review of your finances towards the end of the year, focusing on tax planning, investment strategies, and overall financial health. 2.    Be mindful of age-related financial milestones, such as retirement plan contributions at age 50 and Medicare enrolment at 65, to adapt your financial plan accordingly. 3.    Regularly reassess and rebalance your investment portfolio, considering market volatility. Explore tax-efficient strategies like tax-loss harvesting and Roth conversions for better financial outcomes.   Tweetable Quotes: ·         "In the financial world, the clock strikes midnight on December 31st, taking away many opportunities. Time to seize the last chance for year-end financial planning” ·         "Milestones matter! Age 50 brings catch-up contributions, 55 unlocks penalty-free 401(k) distributions, and 59½ marks the start of IRA withdrawals without penalties. Plan for these key financial checkpoints” ·         "Change is constant, be ready! Did you move, get married, or refinance your house? Don't forget to update your financial details. Small actions now can prevent big surprises later”   Resources Mentioned: 2023 Last-Chance Financial Checklist 2023 Key Financial Data Chart ·         https://www.runwaydecade.com/

On today's episode of the "The Runway Decade Podcast," hosts Bill Bush and Pete Bush, advisors at Horizon Financial Group are typically co-located for the podcast, this episode finds them connecting remotely via Zoom. The reason for their remote setup is not due to the common reasons of the past few years, hinting at the global pandemic, but rather a disruption in their usual operations. The hosts discuss the real reason behind their remote work situation. Their regular recording location has been infested with termites, causing significant damage that was worse than initially anticipated.   Episode Highlights ·         01:55: The hosts share that they had already planned to move to a new building on November 3rd. The termite situation offered a somewhat timely opportunity to prepare the old building for sale while getting ready to transition to their new location. ·         02:09: The conversation shifts to the broader theme of disruptions in life, particularly when things seem to be running smoothly or "on the runway." Disruptions can manifest in various ways, from economic changes and job layoffs to health issues and family matters. ·         02:53: The hosts hint at their book, "The Runway Decade," which discusses potential obstacles and challenges young adults might face in their 20s. The book provides insights into planning and dealing with life's unpredictability. ·         03:16: The hosts emphasize that while disruptions are inevitable, having a plan can provide a foundational guide to navigate through such challenges. Even when things don't go according to plan, having a strategy to fall back on can help individuals determine their next steps. ·         03:45: Drawing on the adage that the only constant is change, the hosts reflect on their own experiences with disruptions, particularly the impact of the pandemic. They discuss how the world has adapted to new norms, such as remote working and using tools like Zoom. ·         05:26: The conversation shifts to financial disruptions, such as divorce, death, job changes, or health challenges. Bill and Pete emphasize the need for teamwork, especially among professional advisors, during these challenging times. They discuss the importance of restoring confidence when faced with such significant life changes. ·         07:15: As the team transitions to the new space, the host discusses the intricacies and numerous tasks involved, such as updating addresses on letterheads, websites, and other collateral. ·         09:28: Emphasizing the seemingly minor yet significant time-saving, Bill and Pete shares how they once calculated the three to four-minute difference in driving time, multiplied by the number of trips they made, and factored in two cars. They amusingly note that such minute savings could translate to about two weeks saved annually. ·         11:02: The conversation pivots to a thought-provoking article from the Wall Street Journal, which tackled the age at which individuals tend to make their most optimal financial decisions. As the host reveals, the age pinpointed by the article is around 53 or 54, fitting perfectly within the "runway decade" age range that the podcast focuses on. ·         13:07: Pete discusses the optimal age for making the best financial decisions, referencing an article from the Wall Street Journal which suggests that age is around 53 or 54. This age range is termed as the "runway decade sweet spot." ·         15:41: The conversation touches on a referenced Wall Street Journal article and the significance of asking the right financial questions.     Three Key Points 1.    Bill and Pete discuss how economic recessions can lead to job disruptions and layoffs, affecting many people's livelihoods. They also mention other possible disruptions like health issues and family problems. 2.    The discussion emphasizes the role of experience and wisdom in refining one's financial outlook. By the time one reaches the runway decade, many previously held misconceptions or unrealistic expectations about finances have been dispelled, either through personal experience or by observing the experiences of others. 3.    Bill and Pete discuss the motivation and purpose behind their book, emphasizing the importance of financial awareness and preparation, particularly as individuals approach their 50s.   Tweetable Quotes ·         “Disruptions are almost guaranteed in one's journey. The notable quote from their book is highlighted: "Plan on planning for your plan not to go as planned." This emphasizes the importance of flexibility and adaptability in the face of unforeseen challenges.” – Bill ·         “Many retirees choose to downsize their homes to reduce maintenance and possibly transition into retirement communities. In contrast, the host's business is experiencing growth, leading to an "upsizing" of their office space.” – Pete ·         Individuals in their early 50s become more proactive and serious about their financial futures.” - Bill     Resources Mentioned ·         runwaydecade.com ·         Podcast Editing  

On today's episode of the "The Runway Decade Podcast," hosts Bill Bush and Pete Bush, advisors at Horizon Financial Group talk about Bill's recent weekend, where he celebrated his 40th high school reunion at Bellaire High School. The reunion was a combination of the classes of 1981, 1982, and 1983 due to the pandemic.     Episode Highlights ·         02:08: Pete mentions how the past is also somewhat "made-up" because people select specific memories to keep and leave others behind. He notes that high school graduation is one of those monumental moments in life that leaves a significant mark. ·         03:17: Bill reflects on the significance of his 40-year high school reunion, highlighting that some people might be having their 30-year reunion, which places them in their late 40s and entering the "runway decade." ·         03:23: Pete mentions the "future glimpse" aspect of their planning process from the book, where they project how people's lives will unfold based on their current age, including significant others, parents, kids, and spouses. ·         04:52: Bill and Pete discusses the introductory theme of their book, which involves making educated guesses about people's lives based on their age and life stage. He emphasizes that these guesses are not one-size-fits-all, but they can provide a starting point for forward planning, considering factors like what people may be thinking, doing, or how their children might be developing within a general range. ·         06:11: Pete and Bill discuss how rapidly technology and society change over time. They speculate about what life will be like 20 years in the future, and Pete mentions that people tend to adapt quickly to new technologies. ·         07:26: Bill mentions that their high school reunion was held in a historic downtown building, likely built in the 1920s. He mentions some of the history of some of the surrounding buildings, including previous uses as the Louisiana National Bank building and a hotel. ·         09:43: Pete and Bill discuss the importance of minimizing expenses as one approaches retirement. They emphasize the concept of "health and wealth" in their book and how going into retirement healthy and without debt can significantly boost financial confidence. ·         11:29: Pete discusses the concept of the "future self" and how people tend to prioritize their present selves over their future selves. ·         13:23: Pete mentions watching a behind-the-scenes show about Linda Ronstadt and the book "Die with Zero," which deals with using your resources wisely. ·         14:50: Pete discusses the importance of finding a balance between time, money, and health during your "Runway Decade." ·         15:10: Pete mentions the book "Die with Zero" and its idea of finding a balance between these three elements. He talks about the heart of the "Runway Decade" chapter, emphasizing the need to consider time, money, and health as you age.     Three Key Points 1.    Bill mentions a recent trip to Europe, where they saw a musical adaptation of "Back to the Future" in London's theater district. He notes that the musical is a time travel story, which ties into the theme of the "Runway Decade" podcast, where they focus on looking ahead to the future and planning for retirement. 2.    Pete and Bill discuss the significance of minimizing expenses and being healthy as retirement approaches. 3.    Pete discusses the importance of finding a balance between time, money, and health during a person's "Runway Decade."     Tweetable Quotes ·         “Health and financial stability can boost confidence and reduce stress in retirement.” – Bill ·         “Thinking of the future self as someone you care about, like a long-distance friend or family member, can help foster a sense of responsibility and planning for that future self.” – Pete ·         “People tend to prioritize helping their present selves over their future selves.” - Pete     Resources Mentioned ·         runwaydecade.com

On today's episode of the "The Runway Decade Podcast," hosts Bill Bush and Pete Bush, advisors at Horizon Financial Group have decided not to have a guest and instead engage in a conversation with each other, reflecting on their journey and possibly discussing future plans. They mention having gained publicity through national magazines, open houses, and book signings, which improved distribution.     Episode Highlights ·         01:29: Bill and Pete reflect on the past year and the amount of content they have produced. They express curiosity about where their endeavors will lead in the future. ·         01:48: They mention that a significant portion of their business involves working with business leaders, particularly in the context of retirement plan management and consulting. They emphasize that dealing with business leaders is a substantial part of their professional activities. ·         02:55: The hosts delve into the characteristics of business leaders in more detail. They highlight that many business leaders have been with their respective companies for a significant period, contributing to the company's growth. ·         03:01: Leaders often receive attractive compensation packages, including benefits and perks, and they tend to have substantial account balances in retirement plans like 401Ks. ·        05:41: Business leaders often have extra perks, including equity ownership or synthetic equity arrangements. They might be offered deferred compensation plans or non-qualified deferred compensation plans as part of their compensation packages. ·      06:25: The host highlights several obstacles that business leaders face, including lack of time, being scattered across multiple financial accounts, procrastination, lack of knowledge, and disinterest in financial planning. ·      08:20: The host discusses their book "The Runway Decade" and its purpose. They clarify that the book isn't meant to provide specific solutions or advice for individual situations, as everyone's financial circumstances are unique. Instead, the book guides readers on how to think about financial planning and retirement transition by posing the right questions. ·         10:27: By going through the matrix and checking off what they know or don't know, people can identify areas where they need assistance and guidance. This process prompts them to consider questions such as retirement income projections, account balances, benefits, and contingencies for unforeseen events. ·         13:32: Bill and Pete discuss an upcoming event called CYA 360 (Cover Your Assets 360), which focuses on addressing the various risks that business leaders and owners face, both in their businesses and their personal financial lives. ·         15:06: The host emphasizes the significance of the runway decade for business owners and how CYA 360 can be particularly valuable during this time. ·         18:20: The hosts reflect on the guests who have appeared on their podcast over the past year.     Three Key Points 1.    For owners of the business, there is a direct link between their stake in the company's equity and the outcome of an exit or transition. However, business leaders who are professional managers, such as CFOs, HR officers, or operations leaders, might not have equity ownership, but they contribute significantly to the company's success and its equity value. 2.    Many people initially focus on investment planning when they think about financial advisors, as it's a common perception. However, the matrix illustrates that financial planning encompasses various areas that impact an individual's financial life. 3.    Bill and Pete emphasize that business owners are familiar with the industry-specific risks they encounter, as well as the economic factors affecting their businesses. However, they might not give the same level of attention to their personal wealth and the translation of their business success into their personal financial situation.     Tweetable Quotes ·         "A business leader doesn't necessarily have to be the founder or owner; it could also refer to an executive responsible for leading and advancing the business." – Pete ·         "Organizing your finances can provide a sense of control and understanding over your financial situation." – Pete ·         "CYA 360 is an event that catches the attention of business leaders and owners because they're accustomed to considering risk management for their businesses." - Bill     Resources Mentioned ·         runwaydecade.com

On today's episode of the "The Runway Decade Podcast," hosts Bill Bush and Pete Bush, advisors at Horizon Financial Group are going to talk to David St. Romain. He reflects on how his current work with veterans was a result of a personal journey and a higher calling.   Episode Highlights §  01:06: David St. Romain's participated in the TV show "Nashville Star" in 2007, where he finished third and gained national attention. §  02:00: David talks about facing a financial setback due to a declined grant for his non-profit organization, which serves military veterans through song writing workshops. §  03:32: David St. Romain mentions his previous work in individual song writing with girls who had been trafficked and his involvement in children's advocacy. §  04:00: David discusses an operational grant that fell through but mentions upcoming events and another foundation that will provide a small grant to support their operations. §  04:32: Bill and Pete, highlights the importance of using music as a tool to cope with pain and trauma. §  05:05: David mentions one of his board members who was a veteran they worked with and served alongside him in the National Guard in Louisiana. This connection influenced his involvement in veteran work. §  06:00: David shares his background, being born in Alexandria, Louisiana, and living in multiple houses and cities due to his father's job in the car business. His family eventually settled in Florida for six years before he attended Menard, a Catholic school, in Alexandria. §  08:28: David talks about his fearless and go-getter attitude, sometimes leading to poor decision-making. He joined the National Guard in 1997, attended college, and then moved to Nashville a few years later while on Individual Ready Reserve status. §  09:45: Despite the exposure from "Nashville Star," David still struggled to secure a record deal and faced challenges in promoting his single in 2011. He spent the next few years trying to make ends meet in the music industry. §  10:39: David talks about owning five albums, assets, and intellectual properties (IP). He mentions owning his own publishing and the masters of his recordings. He emphasizes the value of his IP and the importance of making the right decisions regarding it. §  14:31: The conversation shifts to David's musical influences, ranging from Metallica to R&B and country music. He mentions being influenced by Garth Brooks and the emergence of country music in the late '80s and early '90s. §  15:29: David reflects on his wide-ranging musical interests and mentions enjoying singing songs by artists like Chris Stapleton, Metallica, and even Britney Spears. §  16:39: The conversation continues with David talking about his talent show experiences in school and how he gained popularity among his peers, particularly the girls. He mentions being in choir and playing outside in school, attracting attention and friendships. §  18:39: David discusses his mindset regarding retirement and financial preparation. He mentions owning DSR Entertainment, his music company, and how his non profit organization allows him to retain his publishing and intellectual property rights. While he acknowledges the need for retirement preparation, he is focused on continuing his music career for the next 20 years. §  20:53: David shares his plans for writing a book based on his life story called "Hole in Me." He explains that the book will address his personal experiences, including childhood trauma, and serve as a tool for sharing his story and building his speaking career. §  24:44: David talks about another influential person, Randy Owen from Alabama, who was a judge on Nashville Star and had a connection to Speaker 4's wife's family. §  28:20: David discusses the impact of the COVID-19 pandemic on his music career and the support he received from unexpected sources.   Three Key Points 1.    David talks about writing a positive song called "Papaw's Hat" with one of his board members, reframing experiences to create a more positive outcome. 2.    David shares a powerful story about writing a song with a homeless veteran in a shelter. The song brought the veteran a sense of resolve and healing, which had a profound impact on him. 3.    David mentions two significant mentors in his life: his father and Dan Tyler, who has been his mentor in the music industry since the beginning of his career. He credits Dan for his guidance and involvement in his music journey, including writing songs and publishing.   Tweetable Quotes §  "From a young age, I knew that music was my passion. It has been a journey filled with memorable performances." - David §  "During the pandemic, I received support from unexpected sources, reminding me to stay faithful." - David §  "I had to make the difficult decision to stop playing gigs, but each time I pray about it, the Lord delivers." - David §  "Grateful for the support and love of my wife and children. They inspire and motivate me every day." - David   Resources Mentioned ·         runwaydecade.com ·         https://davidstromain.com/

On today's episode of the "The Runway Decade Podcast," hosts Bill Bush and Pete Bush, advisors at Horizon Financial Group are going to talk to Ray Castle, who has had one retirement already and is currently on the runway. They mention that Ray is known in the medical training world and has a diverse background that they were not aware of. Pete and Bill express their excitement about getting to know Ray's story better and believe that the listeners will enjoy it as well.     Episode Highlights ·         01:52: Ray Castle mentions that in addition to the revitalization of his hometown, there have been new restaurants opening up. He expresses his admiration for these restaurants, saying that they rival most restaurants in town. ·         02:38: Ray mentions that he learned to drive at a young age and had some mishaps with tractors, including running into trees. He also shares that his father had a heart attack when he was 49, which influenced their decision to go into the cattle business in the late 70s. ·         03.12: Despite the challenges, Ray stayed in the farming business for about six years. Pete and Bush relate to Ray's farming background, mentioning that their own family was involved in farming tobacco, corn and raising animals like pigs. ·         04:03: As a child, Ray Castle explains that he would mostly engage in activities on the farm. Ray mentions how his older brother and younger sister were simply immersed in farm life and its various tasks. ·         05.12: Ray Castle mentions that he attended Tensas Academy, a small private school, for his high school education. After high school, he came to LSU (Louisiana State University). ·         05:27: Ray confirms that he has always been interested in sports and participated in multiple sports during high school. However, he never initially realized that he wanted to pursue a career in healthcare. ·         05:48: Ray Castle explains that his parents never pressured him to choose a specific career path, but instead emphasized the importance of going to school and taking things step by step. They provided encouragement even when he was struggling academically or making mistakes. ·         06:53: Ray Castle shares his experience at LSU, where he initially pursued a major in geology but eventually realized that it wasn't the right fit for him. ·         08.42: Ray reflects on his interest in sports and decides to pursue a degree in kinesiology. He mentions considering a Med technology degree but ultimately opts for kinesiology, realizing that he can excel if he puts in the effort to balance work and study. ·         10.50: Ray Castle talks about a moment when he realized he needed to be more prepared for his kinesiology class. ·         12:32: Ray Castle talks about his experience as a student trainer at LSU. He mentions staying in Broussard Hall and working from 12:30 to 1, assisting the team. He mentions that the women's track team won their first back-to-back championships in Eugene, Oregon. ·         14:45: Ray Castle reflects on his experience working with different sports teams at LSU. He mentions the unique family atmosphere within athletics and how it felt to be part of that community. ·         15:24: Ray mentions working alongside Tammy Bianco, who was an athletic training student at the time. Ray describes the long to-do lists and tasks he had to complete, including budgeting, inventory management, and working during the summer. He notes that the current system has changed significantly compared to his time working with the teams. ·         17:40: Ray acknowledges the opportunity to work with great people throughout their 20-year tenure, and they mention that they retired in August. ·         19.07: Ray emphasizes the importance of having a solid foundation to build a successful career and personal life. ·         22:51: Ray talks about their experience working with various sports, including Olympic cycles. Pete and Bill mention working with Kathy Osborne and John Purdy, who worked at the Olympics. Kathy worked with USA women's basketball in Barcelona in 1992, and John worked at the Lillehammer Winter Olympics in 1993. ·         23:49: Ray shares how they have been involved in covering marathons and traveling to different locations for their work. ·         26:18: Ray describes their experience at a marathon where they were stationed at the medical tent. Ray then mentions being about 30-40 yards away from the first bomb site during the Boston Marathon bombing incident. They reflect on how, despite being taught not to take action in such situations, they found themselves instinctively responding and helping people in need. ·         29:33 Ray talks about the challenging transition to retirement and the painful process of leaving their previous career. ·         34:50: Bill mentions wearing an Apple Watch and the availability of data for monitoring human performance. Ray who is involved in the medical side of athlete training, talks about the changes and advancements in the field over the past 15 to 20 years. ·         36:51: Ray emphasizes the importance of exercise and mentions their personal experience with open heart surgery. ·         39:48: Ray discusses the importance of being aware of one's family history of cardiac events and how it can increase the risk of experiencing similar issues. ·         45:02: Pete, Bill and Ray expresses their appreciation for their partner, emphasizing the importance of enjoying each other's company and expressing love and affection every day. ·         49:02: Ray talks about his favourite music band. He also shares that their first pet was a Catahoula card Mix named Diamond, who had a small diamond-shaped marking on his forehead. ·         52:01: Ray shares about their best vacation, which took place in the Bahamas on an island called Spanish Wells. ·         54:02: Ray talks about their website, www.actionmed.co, where they offer services such as emergency care workshops, first aid and CPR certification training, and consulting in the field of emergency medicine.     Three Key Points 1.    Ray Castle shares how timing of their transition into the cattle business was good because the farming industry was changing and it was difficult to sustain a small farming business during that time, particularly in the late 70s. 2.    Ray talks about the coaches he worked with, including Pat Henry, Lauren Seagrave, and Dan Path, and how he learned a lot from them in terms of technical skills and understanding the body. 3.    Bill, Pete and Ray discuss technology and hybrid learning, while pointing that younger generations learn faster than they did.     Tweetable Quotes ·         "I remember when I was 8th or 9th grade, my dad came home, and my parents never pushed me in one direction." – Ray Castle ·         "I am a firm believer that careers find you. You don't find them." - Ray Castle ·         "It was a lot of that was an incredible experience just to work with folks and see that beforehand and I left the day before all the craziness." - Ray Castle ·         "Just working on very simple things to be healthy doesn't take a lot to do that." - Ray Castle     Resources Mentioned ·         runwaydecade.com ·         https://www.actionmed.co/  

On today's episode of the "Inside the Plan with the 401(k) Brothers", host Bill Bush and Andy Bush, advisors at Horizon Financial Group, will talk about the distribution phase of retirement. They talk about the 4% rule, i.e., the withdrawal rate that suggests you wouldn't outlive your funds once you retire.   Episode Highlights ·         02:05: Bill and Andy talk about popularly known withdrawal rate strategies with different asset allocations and looked back at historic returns and came up with the idea that if you started your first year of retirement withdrawing 4% in most models your savings would last 50 years or more. ·         02:35: You can't take a percent to the grocery store, so you got to do some of the math to say, well, if I had $100,000, what's 4% of that. ·         03:48: Bill and Andy discuss about the rate of inflation. They suggest if you had a 2% inflation, you just add that on from the 4% you started within year 2. ·         04:30: If there happens to be deflation, you could back out the 2%. ·         05:20: There was a sweet spot in the percentage of stocks and bonds. So that sweet spot tended to be kind of a 60-40 portfolio. ·         06:04: If you had a million dollars, 20% is $200,000 and if you saw your portfolio go from $1,000,000 down to 800,000 and you were entering retirement, it would be very uncomfortable. ·         07:25: That is what folks have to get their arms around entering into retirement, they need to understand there is the day you retire, or you are not taking all the chips off the table and moving everything into the safest instrument. ·         07:48: If you retire at 65 and you are married, there is a 50 % percent chance that one of you lives to 90 and that's a decent chance. ·         09:30: Bill and Andy talk about cash build-up that is available to get you through some of the tough times without having to tap into some of the equities while they have been depressed. ·         10:35: In 2022, you had the stock market and the bond market both down double digits and you also had inflation raging. So, if you were retiring in 2022 and that was your first year of retirement, not only were your assets declining, but you also had to if you factor in the inflation part, you know your dollar didn't go as far. ·         11:46: While the market did its horrible thing in the late 1920s and early 30s. It eventually would catch up, looking back historically, but the inflation side was a big wallop in the 70s. ·         12:17: Bill explains how inflation is the silent killer. If you don't plan and prepare for It can just destroy your savings. ·         13:47: If you are born after 1960, your RMD is now 75. So, if you are retiring in your 60s, mid 60s and you start drawing money from your savings, you are going to be whittling down that balance before 75. ·         14:41: What it comes down to the government you were putting money in pretax all this time and it grew tax deferred all this time, and they want to make sure that the taxable revenue is coming back. ·         15:38: What is inflation going to do? What is the market going to do in the next 30 years? When is the last day you are going to be on the planet?             Three Key Points 1.    Bill and Andy explain how you really must save a good amount of money if you utilize the 4% rule. 2.    Bill and Andy share how using the 4% rule, those that retired in or around 1929, their portfolio still survived the full 50 years. 3.    The purpose of this episode is to get you thinking about eventually, you are going to be pulling dollars out, and you got to get intentional about that.       Tweetable Quotes ·         "In retirement, you won't be earning anymore, but you need some source to be able to pay for lights and gas and food and all the other things that you pay spend money on." – Bill ·         "Even as a non-retired person, when I've seen My Portfolio go down like, hey man, this stinks, you know, and you start to go through the emotions, and you start to have the thoughts of maybe I am doing something wrong. Even as a financial advisor, it is great if you put some perspective on it." - Andy ·         "Market can fluctuate from time to time, but over long periods of time, there is an average annual return." - Bill       Resources Mentioned abush@horizonfg.com bbush@horizonfg.com ·         Horizon Financial Group      

In today's episode of the "The Runway Decade Podcast," hosts Bill Bush and Pete Bush, advisors at Horizon Financial Group talk to Dr. Mike Davis; who is with CVT Surgical Center in Baton Rouge. He is a vascular surgeon. Dr. Davis talks about his craft, how he got into medicine, as well as his life in his 50s.     Episode Highlights ·         02:44: Mike talks about his childhood and from where he completed his education. He shares how he completed his general surgery and vascular training. ·         03:42: Mike reveals what happened that motivated him to gravitate towards the medical world. ·         05:39: Mike shares how is it being growing up a Bama fan, but now living in Baton Rouge ·         06:04: Back then if you got a magnifying glass down in one corner way down below somewhere, you would find the SEC scores, but absolutely nothing is written about it. ·         08:31: Pete has heard a lot of stories because people in the age group of 50 have started to have grandkids and they have a some of them name it and that's what sticks. ·         09:57: Dr. Mike is a classically trained vascular surgeon specializes in the treatment of peripheral vascular Disease…he's Board certified. ·         10:52: The patient population shifted a little bit is what we refer to as either critical anesthesia or limb salvage. ·         11:03: There is a very large population of diabetics in town. That circulation drops to a point where it can become dangerous, and so Dr. Mike says that they have really embraced that and have treatments they are very proud of. What they do as far as saving rooms and preventing amputations, and it's been very successful. ·         13:27: Some people can die from some certain unexplained and not get an autopsy, and it just be written off as a heart attack. ·         14:54: Because of the complexity, medical management, wound care, imaging, all of this stuff is electrical to provide the kind of the whole care package for someone who may have or does have vascular disease. ·         16:17: Mike says that they feel that they do so much imaging and there are so much decision making made on the basis of those images that it has to be good. ·         17:41: Mike talks about his training and how they were trained with many different staff guys. There were times, particularly at night, when they would be in a situation to go do something as long as it was relatively minor, and the staff guy was comfortable that they could do it. ·         20:56: Bill shares how at a certain age he wasn't really thinking about retirement, but what he was trying to envision what if something happened to him. ·         22:22: As per Mike being on call is kind of getting a little old as he aged, but he really loves what he does, and he could foresee himself doing it for a long time as a God willing.           Three Key Points 1.    Mike shares how they manage a lot of things medically. How they have embraced technology. What used to require open surgery and incisions is now done with the needle and a catheter. 2.    Mike shares some of the things that somebody should be on the lookout for early detection. 3.    There are multiple risk factors that are out there that place you at risk for vascular disease essentially the same as what places you for coronary disease. It's the same disease but affects different vascular beds.     Tweetable Quotes ·         "I was about 8 years old when I decided I was going to be a doctor." - Mike ·         "In Minnesota, when we are there, if you wanted the sports scores from the SEC. You were kind of out of luck, but you could get the local paper or the Minneapolis paper." – Mike ·         "When we finally got to Baton Rouge, we were so excited to be back in to where we could watch SEC Sports." - Mike ·         "In our practice we have 5 board certified, specially trained vascular docs." – Mike ·         "I did five years of general surgery training, became a board-certified general surgeon before I could go on to my vascular training." - Mike     Resources Mentioned   ·         CVT Surgical Center www.runwaydecade.com  

“Take a holistic approach to financial planning.” - Pete Bush“Pay attention to the big events happening around you.” - Bill BushPete Bush, CFP®, is the CEO and partner of Horizon Financial Group, a full-service financial planning, investment advisory, and retirement planning firm. Focused on bringing confidence and clarity to his clientele, Pete has worked in the industry since 1991, serving clients who include business executives, retirees, and professional athletes.Bill Bush is a Chartered Retirement Plan SpecialistSM, Certified Plan Fiduciary Advisor®, and the Media Manager for Horizon. He produces Horizon's podcast series and co-hosts Inside the Plan with the 401(k) Brothers. Before Horizon, Bill was a CEO in the healthcare industry and had a lengthy career in television broadcasting, business development, and marketing operations.Click here to subscribe to The Deep Wealth Podcast to save time and effort.SELECTED LINKS FOR THIS EPISODEThe Runway DecadeHorizonFinancialGrp (@HorizonWM) / TwitterHorizon Financial Group (@horizonfinancialgroup) • Instagram photos and videosHorizon Financial GroupHorizon Financial Group | LinkedInBook: Amazon.com: The Runway Decade: Building a Pre-Retirement Flight Plan in Your Fifties eBook : Bush, Pete, Bush, Bill: Kindle StoreCockroach Startups: What You Need To Know To Succeed And ProsperFREE Deep Wealth eBook on Why You Suck At Selling Your Business And What You Can Do About It (Today)Book Your FREE Deep Wealth Strategy CallResources To Have You Thrive And ProsperThe Deep Wealth Podcast brings you a wealth of world-class thought leaders who share invaluable resources and insights. Click the link below to access the resources, gear, and books that either our guests or the Deep Wealth team leverage to increase success:https://www.deepwealth.com/thriveContact Deep Wealth: Tweet @JeffreyFeldberg LinkedIn Instagram Subscribe to The Deep Wealth Podcast Email podcast[at]deepwealth[dot]com Help us pay it forward by leaving a review.Here's to you and your success!As always, please stay healthy and safe.

In today's episode of the "The Runway Decade Podcast," hosts Bill Bush and Pete Bush, advisors at Horizon Financial Group, are going to talk to each other. This is the part of the series where they tell more of their story.   Episode Highlights ·         00:49: Pete had no idea when he came out of LSU playing baseball that he'd be in this business. He met a guy in the investment business, and he talked about coming to work for him, and around 1991, that was his entrance into this financial services career. ·         02:11: People always ask Pete, why did you get into financial service or why did you choose this as your profession and the truth is when you're young, you don't really know where to go and what to select. ·         05:02: Year 1999 was inflection point in Pete's life, because he got married early that year, then they broke off, started Horizon business, signed a contract to build the original office building across the parking lot from where they are now and converted the business model from commission based prior to a fee-based model going forward and doing financial planning and fee-based asset management. ·         09:25: Once your child learns how to drive and then begins doing their own things, then pretty soon it's like we are going to start looking at colleges and next things, and it continues rapidly, says Bill. ·         10:26: When we sat and met the first time, it really kind of pushed us out of our comfort zone a little bit because it was like financial advisors are known to be boring and stale and stoic, says Pete. ·         11:37: When we met first in Opelousas we worked on a couple of projects…then in the meantime you guys' side said, what would you think about coming over and working for us some more, maybe on a permanent basis… and I was like, I am kind of in a good position, says Bill. ·         15:42: Pete always wants to stay connected to Horizon firm in some fashion because he doesn't consider himself a retirement guy. ·         19:40: Just coming off the pandemic, people were a little more unsure about everything in general. And we came up with the idea for The Runway Decade…a book  with the ideal age of 50-65.There is something about life in your 50s that resonates. ·         21:02: Pete recalls the first time he got paid any money was in the summer when they helped their dad build swimming pools, so the first pay check was working alongside Bill. ·         22:07: Earliest baseball memory that Pete remembers was playing with Bill, Joe, and Dad out at Thompson Lane and that love affair with baseball continues to this day. ·         24:02: Pete used to say the best money he ever spent was building the pool for his little ones at his house because when they were little, he wanted to have a house where their friends would come to their house, and instead of the kids went to somebody else's house.     Three Key Points 1.    Pete says that coming initially into the financial businesses and getting the licenses was the best path for Bill because then you could be an advisor. We need support on the 401K and wealth management advisors that would give you a better insight into the creative side. 2.    Pete always says, if you don't cut off the miracle of the compounding growth and you just keep trying to improve and get better and learn more and up your capabilities, the compounding effect works for you. 3.    Pete wants to stay in a place where he continually adds value, and this is one thing that gives him comfort knowing that he is adding value to somebody, and that is something he doesn't ever want to retire from.       Tweetable Quotes ·         "I fell in love with helping people, and that's what made me stay for almost 32 years in the business, and I still get that same dopamine button pushed when we're helping people." – Pete ·         "It's great to see our children kind of gravitate towards their interest and do their things." – Bill ·         "You have three kids, and we can see a little piece of you in all of them like your son Taylor, and Jacob got a lot of athleticism." – Bill       Resources Mentioned ·         runwaydecade.com ·         Podcast Editing                  

In today's episode of the "Inside the Plan with the 401(k) Brothers", host Bill Bush and Andy Bush, advisors at Horizon Financial Group are going to introduce the newest member of the Horizon retirement plans, John Lensing..   Episode Highlights ·         01:22: Bill says that they wanted to make sure that everyone gets an advisor to speak to and that they service their plans very well. ·         01:58: John shares how long he has been in the retirement plan space. ·         03:12: John will be picking up anything that needs to be done around here, from doing the benchmarking services to speaking to participants about their most straightforward financial issues and how people can be financially secure. ·         04:36: John has interacted with a lot of participants. He probably understands whatever story or situation you may be in. He will have the knowledge to help guide you through that. ·         05:28: As per Bill, one of the things they pointed out on this podcast is that for many employees, the 401K advisor may be the only advisor they have immediate access to or even know personally. ·         06:18: What we talked about with one of our bigger plans was becoming financially secure, says Bill. ·         06:56: 66% of Americans believe open conversations about money are keys to financial freedom, 62% keep their lips shut when it comes to talking about their finances, and the silence extends to family 63%, friends 75% and even their spot, even their spouse or partner, 46%. Bill talked about becoming financially secure the other day, one of the things we talked about is kind of the psychology and mindset behind that. ·         08:15: You can't go back and change the past. But from this day forward, you can change what the future outcome might be. ·         09:57: John found himself doing an internship and graduated college and was offered a position similar to how they are going to talk about finances. ·         10:40: When it comes to retirement savers, you see that those that are willing to have those conversations tend to have higher participation rates and savings rates. ·         11:44: When you are talking about professionals who are professional advisors on the financial side, Bill's job is not to steer you in a bad direction. ·         13:41: If you are in a position of being financially insecure, you need to establish a belief in yourself. ·         14:31: As per John, Andy certainly has a mindset about momentum and momentum and financial security and insecurity for most of us, we can't sit on the sidelines.         Three Key Points 1.    John shares his views about retirement plans and what he likes about it. 2.    John shares what attracted him to the retirement planning industry and why he sought this field. 3.    In some workplaces having a little chatter about money might be good, but it might also lead you to a bad decision in the sense of making a bad investment.       Tweetable Quotes ·         "People want to have a conversation; they need some perspective, and they need their emotions calmed a little bit." - Bill ·         "This is an opportunity for me to get to know some new people but bring some old stories." - John ·         "I might need some help and assistance, whether it's just understanding and learning about what you possibly could do in the future." - Bill       Resources Mentioned ·         Horizon Financial Group ·         Podcast Editing ·         jlensing@horizonfg.com ·         bbush@horizonfg.com ·         abush@horizonfg.com          

In today's episode of the "The Runway Decade Podcast," hosts Bill Bush and Pete Bush, advisors at Horizon Financial Group, are going to talk to each other.  For this episode, Bill and Pete thought it would be great for them to tell more of their story.   Episode Highlights ·         02:56: Pete was five years when then moved across the river, down across the Ohio River, down on the Indiana side, into a little farm town called Elizabeth IN. ·         03:35: It was a 40 acre farm, Pete and his family were living on, and it was kind of nestled up on a hill. ·         04:49 Pete says that they were five boys and a girl, so there was always a sporting event going on of some kind around their home. ·         05:49: The town we lived in was Elizabeth, Indiana, although they were not living in town, and it was a four-way stop at the grade school up the hill. ·         06:25: It was such a devastating blow to the economy when the Bush family moved to Louisiana because it was like 8% of the economy left, says Bill (haha!). ·         07:25: Growing tobacco, growing a lot of corn growing crops in general takes a lot of discipline and time and work. ·         08:46: Pete and Bill were into baseball and they loved playing the game. ·         09:45: It wasn't very profitable to be a small-time farmer. You have crops that used to be able to turn a profit on when that was very expensive to plant, grow, harvest and then livestock same way right, meaning the market turned against some of the stuff that Dad was doing at the time to make ancillary money. ·         11:52: Bill and Pete talk about their high school and how they shifted school. ·         12:28: Bill and Pete talk about their childhood and growing up in the country side. ·         14:28: Pete shares how he played baseball and what he learned from it. ·         16:03: Bill talks about a time when they were stuck in a snowstorm and how they were airlifted. ·         19:10: Bill and Pete talk about their college experience and how they met some wonderful people. ·         20:39: Bill made a 13-year career as a broadcaster, working in Lafayette and Alexandria, LA and doing shows for Northwestern St .(LA) in Natchitoches..     Three Key Points 1.    Bill and Pete talk about their family history and where they come from. 2.    Bill shares his experience of moving homes and the weird thing that happened when they shifted to Baton Rouge 3.    Bill talks about an experience when he appeared on the news.     Tweetable Quotes ·         "If you have six kids and six years because you know you got to get some sleep and there may or may not be the ability to control the noise level when you're a kid, especially a bunch of us running around at one time." – Pete ·         "The population was a very rural community farming community, and the population was very small, but it wasn't more than 100 or 200 people." - Pete ·         "Good blue-collar guys just loved to play, and they actually love to play together, and a lot of that carried over even in college." - Pete       Resources Mentioned ·         runwaydecade.com

In today's episode of the "Inside the Plan with the 401(k) Brothers", host Bill Bush and Andy Bush, advisors at Horizon Financial Group talk about their recent trip to San Diego for the National Association of Plan Advisors Summit, and share some stats from one of the presentations.     Episode Highlights ·         01:19: Spring has sprung and are folks looking forward to the summer and hopefully an improved economic climate. ·         01:32: One of the presentations that they did see at NAPA was, what is the American worker thinking right now and experiencing as you overlap that onto what's going on in the economy, especially as inflation hits everyone. ·         02:09: When you kind of look at across the board, there is a greater portion of folks that feel like their financial independence is in jeopardy. ·         03:13: There have been plenty of surveys and studies that have shown that the more financially stressed workers are the less productive they are. ·         04:08: If you have debt that was introduced to you last year when rates were rising. You know it's a higher interest rate and so getting rid of that as soon as you possibly would be great. ·         06:06: Inflation of expenses is going up and some people realize, I may as well just earn the dollars to pay my bills rather than pulling them out of my retirement savings. ·         06:50: 65% of the folks that were surveyed said they would rather have a concrete plan to know how to spend their later years, so that they could know not only the monies they would spend, but how they are spending their time and energies. ·         08:20: Bill and Andy discuss how people realized there was some benefit to staying at the job instead of going and chasing after something else. ·         09:39: Bill and Andy always like to remind folks to use the tools you have available inside your plan, be surprised at how many folks don't even set up an online access username and password and maybe don't even check their balance or kind of where their holdings are. ·         10:46: Bill and Andy have a whole series on how different generations look at finances. ·         11:29: Some people have family relationships or social relationships that are strained. Bill and Andy discuss how mental health affects financial health. ·         14:18: Bill and Andy talk about the importance of financial planning and why one should hire a financial advisor. ·         16:40: Andy doesn't want to feel strapped or stretched or stressed from finances. ·         17:24: If you have a 401K plan at your work, and you are not getting the education you feel like you deserve or need, reach out to the plan sponsor or providers and ask for it.     Three Key Points 1.    Bill and Andy talk about retirement savings and the importance of it. 2.    Bill and Andy discuss how millennials are managing their own finance. 3.    90% of workers indicated that their employer should be involved in retirement education.     Tweetable Quotes ·         "Folks tend to be a little less confident about their independence, their financial independence or their retirement." - Bill ·         "Concentrate on the things we can control rather than those items out there that we cannot control." – Bill ·         "The current climate we are in has certainly really made folks have to be intentional, about their financial lives, whether they wanted to or not because prices go up." - Bill     Resources Mentioned ·         Horizon Financial Group

In today's episode of the "The Runway Decade Podcast," hosts Bill Bush and Pete Bush, advisors at Horizon Financial Group are talking to Dr. Curtis Chastain. He runs the Our Lady of the Lake Executive Wellness Program, the Men's Health Program there. Bill and Pete have appeared with him at some events. Dr. Chastain is very entrepreneurial for a person in medical practice, and he has an interesting side gig.     Episode Highlights ·         02:57: As per Pete, if you have your health, you have friends, and you have enough money to sustain basic living and or to live as you want, then that's the trifecta. ·         04:01: It's heart disease and cancer that could disrupt the best financial plan that you two guys could put on paper, says Curtis. ·         04:27: Bill shared a story in the book and in chapter four of the runway decade that Pete and Bush call the Curtis Chastain chapter. ·         05:18: There is so much reluctance for guys to go to the doctor for a couple of reasons. One, the traditional business model of medicine, is not designed for the busy guy. The other thing is that men are scared to be vulnerable. ·         06:43: When Bill turned 50, he started feeling what he thought were innocuous symptoms. He was in the process of moving and in that process started getting some arm pain on the right side, which is kind of a typical understanding when it comes to heart problems. But he didn't want to believe that it was anything. ·         09:04: As per Curtis, don't overlook for symptoms; the symptoms that pop up are just the result of somebody not going and looking for it necessarily. ·         12:00: Thyroid cancer, pancreatic cancer, kidney cancer and oesophageal cancer are the cancers that typically don't declare themselves until it's too late, until they have done something. ·         13:09: At lab work or looking at what determines whether they have got coronary disease or cancer, we've got to go look at data, says Curtis. ·         14:48: It is in your 50s, and things are going to start rearing their ugly head. ·         16:01: High blood pressure is associated with a lot of bad things, not the least of which are stroke, heart attacks, and atrial fibrillation. ·         17:18: Curtis was raised in the public school system, but later enrolled in Catholic High-BR ·         21:04: Curtis explains how he got tapped to become president of the early the Lake Physician group, which at that time had about 100 physicians in it. ·         23:05: Curtis talks about the membership program and how patients can benefit from it. ·         25:09: Curtis talks about the various advancement of medical practice. ·         25:18: Bypass surgeons had to find other things to do because over the past three decades Statin drugs have made a huge dent in the world of cardiovascular disease and again finding those people that were supposed to have the bypass or the heart attack were finding them early and never letting it happen. So statins have been great. ·         29:02: Curtis has been thinking about the word retirement since he was probably about 50. ·         29:53: You could continue doing what you are doing in a smaller amount and let other things come more bigger in your life. ·         32:01: Pete has watched many people cross over into what the world calls retirement and some do it pretty well and some struggle with it to find their purpose after they are not working. ·         35:03: The first album that Curtis bought was "Three Dog Night: Golden Biscuits." ·         39:33: Curtis talks about the first time that he installed a car stereo.       Three Key Points 1.    Curtis talks about the various reasons that hinder a man from going to the hospital. 2.    Curtis shares his thoughts when he hears the word retirement. 3.    Curtis talks about the medical advancements in the healthcare sector.     Tweetable Quotes ·         "In case of pancreatic cancer, your eyes turn yellow in case of kidney cancer, you start urinating blood." - Doctor Curtis Chastain ·         "You can no longer look at anybody and tell their health status than the man on the moon. You got to go through the process." - Doctor Curtis Chastain ·         "You always have the question of do you choose your profession or does your profession choose you …that might have chosen you back long ago." – Pete ·         "I just want to keep seeing my patients every day, enjoying learning from them every single day and making a difference." - Doctor Curtis Chastain ·         "You retire to something, and you always have this balance of being happy with where you were." - Pete     Resources Mentioned ·         runwaydecade.com ·         OLOL Executive Wellness Program

In today's episode of the "The Runway Decade Podcast," hosts Bill Bush and Pete Bush, advisors at Horizon Financial Group talk with Michael Papajohn, a former LSU baseball player who over the last 36 years has appeared in numerous Hollywood productions. He talks about his wonderful journey as a stuntman and actor.     Episode Highlights ·         01:18: Bill and Pete talk about their upcoming book signing event. ·         01:48: If people want to bring the book they already bought or buy one there and have them sign it, there will be food and drink and it will be awesome. ·         04:30: Bill and Pete talk about the foundation teams during the 80's. ·         05:07: Michael, grew up in Alabama and then he went to the State Hills High School, played for Sandy. ·         08.43: Michael shares how he got chances in a movie production house. ·         10:58: Michael talks about the fledgling broadcast career. ·         13:13: Whatever you decide to do, if you focus, get great mentors and coaching and look for the best and do what you did at LSU be a team player, give 110%. ·         15:23: Michael started out as a stunt double and later he is batting against Kevin Costner as Sam Tuttle. ·         17:42: Michael talks about the big franchise and stars that he has worked with. ·         21:08: Technical advisors are so important now because if you don't buy the home run, if you don't buy the Hollywood catch, then you don't buy the movie. ·         22:14: Most movies aren't shot in California; they are shot in tax incentive states. ·         22:23: Michael shares how production houses save money by filming outside New York and hiring local actors. ·         25:46: Michael talks how important relationship building is and how it has helped him in California because it is so competitive. ·         28:33: Michael gives detail insights of his work and how no one took more football hits than him in Hollywood. ·         30:13: Michael speaks about his most memorable on-screen line. ·         34:24: Everybody thinks when they graduate, they will go to California or New York, and they forget what they have in Louisiana, says Michael. ·         37:05: Michael shares how his dad was always healthy and always in the supplementation and always talked to them about what they ate at the table. ·         39:43: Michael shares how he watches actors get older and their life and how they come out in different ways and performances. ·         42:40: Michael has heard things are going to pick up in Louisiana after the first quarter, but that is part of the business. ·         44:16: Michael advises getting on a movie set even as an extra or production assistant. You are not going to get paid a lot of money, but a lot of times if you are a production assistant, you get to see the departments and how they work and going. ·         49:29: Michael shares what his first baseball memory was.     Three Key Points 1.    Michael talks about the fateful event that launched him into the movie business. 2.    Michael talks about his wonderful journey as a stunt man and actor and how he has worked in some of the big franchises. 3.    Michael shares details of productions happening in Baton Rouge and surrounding area.     Tweetable Quotes ·         "Let's think of the talent that enjoyed playing together…guys that are still great friends to this day, know that they still spend as much time off the field together as we did." – Pete ·         "I played basketball up until my freshman year in high school, but I narrowed it down to football and baseball and I always just felt like I could go farther with baseball." – Michael ·         "I was just a daredevil type of guy that just like to catch and run ..shocker… and LSU football actually talked to me about coming out and being a part of LSU football and returning kicks and punts." - Michael ·         "I just remember being 22 hustling that extra job on Baywatch and what I was doing right is I was playing stuntman softball and I was meeting a lot of people really fast that knew I was athletic, and I wasn't a jerk and that really helped me a lot and the industry." - Michael ·         "If I die in between action and cut, then I am living my life the way I want to." - Michael      Resources Mentioned: https://michaelpapajohn.com/ Michael Papajohn IMDB ·         runwaydecade.com    

The idea of retirement can be scary, especially when it comes to financial security. Larry and Mike talk with Bill and Pete Bush, certified retirement planners, whose book "The Runway Decade" helps people over 50 prepare for a sustainable and successful retirement. Find out why it's never too late to start saving and accumulating wealth, and how simple it can be with the right knowledge and discipline. If you're not financially ready for retirement, listen up!

Live from Louisville (well, Kris is, anyways)! First things first, the guys have a new partnership with Rhoback.com! You can get 15% off your entire first purchase if you use THATRANGELIFE15 at checkout! As for the show, Bill and Kris cover the drama that was the Arnold Palmer Invitational, Collin Morikawa's clothing decisions, and, last but not least, it's the return of Five (Fifth) Major Questions with Bill Bush! Come play along and learn all sorts of fun facts about The Players Championship! Don't forget to follow the guys at @KrisMcEwen and @Rangeheroes on Twitter, Instagram, and TikTok! --- Send in a voice message: https://podcasters.spotify.com/pod/show/thatrangelife/message

In today's episode of the "Inside the Plan with the 401(k) Brothers", host Bill Bush and Andy Bush, advisors at Horizon Financial Group are going to talk about the concepts of living long and prospering. They discuss about the importance of saving and proper planning for your retirement.     Episode Highlights ·         02.38: It is very hard to visualize what aging has, what the effect of aging is on our bodies as we go forward. ·         04.18: How you behave is much more important than having a finance degree or the things that you exercise to actually get ahead financially. ·         05.18: People often overlook when they take their social security and make it sure it's going to be around for a while or look at other guaranteed income sources to make sure that they have monies available to them. ·         06.43: Things are constantly changing in terms of the rules and regulations around RMD's and then of course, there is the social security thing to get around about when you are going to file strategically. ·         08.16: Planning retirement is for those whom you love, you should go through some planning to plan forward as if, hey, we are going to be around. ·         10.15: When we talk to plan participants in their 401K plans and other retirement plans, we often say hey, make sure you use the tools that you have available. ·         11.11: Andy talks about a book by Arthur Brooks. It is about making that transition from kind of the prime of your career to becoming going into where your faculties become less bright. ·         14.35: Andy and Bill talk about goal setting and how important it is.         Three Key Points 1.    Bill and Andy talk about the importance of retirement planning and how important it is. 2.    Bill and Andy discuss the importance of social aspects and communion with someone else and how important that is. 3.    The importance of health is being healthy and being financially healthy.     Tweetable Quotes ·         "If we behave well, we will probably be more healthy in retirement not maybe not more healthy than we are now but healthier than we would be if we made bad decisions." – Andy ·         "I tell folks in retirement plans often, which is right now, you are earning your dollars to pay for the food on the table, the gas in the car, the insurance, and all the other things that you need. There is a time in the future where you will either no longer be able to work, or you no longer will want to work, and you are still going to have to put food on the table." - Bill ·         "I think it is important when you kind of look at longevity is to not underestimate it because you do have to plan that your dollars need to stretch probably longer than you think." - Andy  

In today's episode of the "The Runway Decade Podcast," hosts Bill Bush and Pete Bush, advisors at Horizon Financial Group are chatting with Paul Hood. He is going to talk about trust, estates, and wills. He is also going to talk about business valuations for those owners.   Episode Highlights ·         04.31: Paul is a Louisiana guy, despite being in Ohio right now he grew up in Alexandria, LA. He talks about the early days and his experience of growing up in Alexandria, right in the middle of the state. ·         05.33: The thing that Paul noticed as a kid listening to the rainy day show on KALB, the mighty 580AM every morning was that they developed this growing up and antipathy toward New Orleans. ·         07.41: Paul is in the process of endowing $1000 a year student writing award at his alma mater high school, Holy Savior Menard Central High School in Alexandria and the scholarship will be awarded on Friday, April 28th at a school assembly and he will give a speech to the students. ·         09.29: Paul doesn't view what he has literally done since Hurricane Katrina as work. He has written nine books, published hundreds of articles. He has done 96-90-minute webinars on estate and tax and charitable planning. He doesn't view all this as work which is why he doesn't ever see himself stopping. ·         12.05: Paul shares how things changed for him when Katrina made its third and final landfall on August 29th, 2005. ·         14.04: Paul discusses the things that are important for a buy-sell agreement. ·         18.25: It's not a triggering event that causes the problem. It's the procedure that is drafted and one of those common errors Paul sees is the appraiser has to produce an appraisal in 30 days. ·         20.14: The appraiser can't appraise in 30 days and no appraiser can, says Paul. ·         22.40: One thing that the TV show Shark Tank has taught Bill is that a business owner at least a lot of business owners come up with this idea of valuation in their head that in the most cases seems to be based on not a lot and it could be very inflated. ·         24.36: One of Paul's strongest bits of advice for people in business is your business should be ready for sale 24/7, 365. ·         25.06: What happens to a lot of people is they skimp on their accounting and then they sign up a non-disclosure agreement and they enter due diligence and people who can't figure out, their financials, they are not audited, they are not reviewed, they're not consistent, they are not complete. ·         28.02: Paul's earliest LSU memory was probably a trip to Tiger Stadium in 1973 when the Tigers weren't very good.   Three Key Points 1.    Paul talks about his mindset and how he felt when he turned 50. 2.    Paul talks about two of his books, both are based on planning your future series, the last will and testament for your business, "Buy- Sell Agreements" and then “It's Yours," Mine and Ours" which Pete loves because it's on the blended family. 3.    Paul talks about his earliest LSU memory.         Tweetable Quotes ·      - "I took a job in New Orleans, and it was a great job because my four years there, from 88 to 92, that's where I learned a lot of what of what I know, I was taught by four excellent estate planning and tax lawyers." -  Paul Hood ·      -  "Retirement is not really something that I even think about even at 62, almost 63 in June." - Paul Hood ·      -"If you work for one of them, you got temporarily relocated to Baton Rouge or Lafayette, Lake Charles or even Houston, TX. But those of us who work for individuals, we were out." - Paul Hood ·    -"I am a one-page guy because I believe if you can condense something down to a page, you understand correct, and that's a big deal." -  Paul Hood ·       - "If your client gets the appraiser and answers all their information document requests in 30 days give yourself a blue star." -  Paul Hood ·    -"When I wrote my business valuation book, I did something that I don't know that anybody else had ever done. I have read every single income tax case involving valuation back to the beginning of the income tax in 1913." - Paul Hood ·        -"I don't think that the true grasp of the greatness of Skip Bertman has been understood yet." - Paul Hood     Resources Mentioned ·         runwaydecade.com ·         https://paulhoodservices.com/

  In today's episode of the "The Runway Decade Podcast," hosts Bill Bush and Pete Bush, advisors at Horizon Financial Group talk to Justin Breen,  a best-selling author and a guy who is helping other people lift their voices and their stories around the globe.     Episode Highlights ·         2.34; Justin shares his career journey and how he became an entrepreneur. ·         5.45: Justin went to the University of Illinois, grew up in the Chicago area, lived 2 miles South of where he grew up. ·         06.54: Justin talks about his journey as a journalist, and he shares about his experience. ·         07.02:  Justin explains what separates entrepreneurs from humans, business owners, and consultants? ·         10.55: For most entrepreneurs, there is a chapter of survival, thrive and figure it out stage, says Pete. ·         11.55: As per Justin, it's funny when folks spend years and millions of dollars to come up with a brand and stuff. ·         13.21: Justin and Bill discuss how important it is to have a child like mindset. ·         16.20: If you go on LinkedIn and you follow Justin Breen, you're going to see the Gratitude journal and its things of that day. ·         18.00: Justin talks about the power of storytelling and how he uses that in his business and talking to his clients. ·         19.20: A person's story is the most essential thing because people want to know about who you are, and then they will care about what you do. ·         20.28: When you have a good family life, you have a good life, says Justin. ·         23.53: Justin shares how he just keeps making bigger investments to be in smaller rooms and the people in those rooms are making bigger impacts. ·         25.51: The purpose of Justin's life is to be a connecting superhero for every visionary, abundance, investment mindset, and entrepreneur. ·         28.25: Justin talks about his earliest football memory, how his dad used to take them to watch football. ·         31.10: Justin talked to one to two people like him every single week that have let entrepreneur life destroy their family life or prevented them from anything meaningful. So the book Epic is about how to build collaborative global companies while putting your loved ones first.     Three Key Points 1.    In order to become successful, sometimes one has to overcome huge obstacles or challenges like bankruptcy or potential bankruptcy, depression, the highest level of anxiety and possible traumatic experiences as a child. 2.    If you are constantly grateful, it's hard to be ungrateful and then that attracts grateful people, and it repels arrogant and ungrateful people. 3.    Justin talks about what the next 40 years look like for him. He shares his plans and vision.     Tweetable Quotes ·         "It's always nice to talk to an entrepreneur who happens to be a journalist. It's very rare. Most journalists are journalists who happen to be journalists, and people like us are usually aliens within our own family, community, and vertical." - Justin ·         "When I have a great idea the only person, I ask that would use opinion actually matters is my wife." - Justin ·         "You have mentioned your family quite a few times, and if you look on the cover of your latest book, there is the family holding hands and I think in that's not a subliminal thing, right. There is a sort of a secret to success involving that work-life balance." - Bill ·         "When you are a journalist, it's really all about the purpose and then simplifying people's messages and then sharing it with the world." - Justin ·         "I just keep making bigger investments to be in smaller rooms, but the people in those rooms are making bigger impacts." - Justin   Resources Mentioned ·         runwaydecade.com ·         https://kolbe.com/

In today's episode of the "The Runway Decade Podcast," hosts Bill Bush and Pete Bush, advisors at Horizon Financial Group talk to Gene Plauche. He predominantly works in the insurance side of the business, with one of the prominent insurance companies, Concourse. Gene connects with financial advisors to help them supply financial insurance solutions for their clients. Episode Highlights 02: Gene talks about his childhood and how he grew up amidst 6 siblings. 51: Gene talks about his school and university days and later how he came to know about the financial service business. 00: Gene shares how he was recruited out of college to get into the financial service and insurance business. He also speaks about the factors that motivated him to stay in this business. 05: Post his father's death Gene got exposed to a new side of the finance industry and now he uses his knowledge and experience to help others. 45: Gene talks about his wife and 2 kids. His son wants to be a radiologist and daughter a forensic psychologist. 56: Gene talks about his 50th birthday and how he celebrated it with his family. 08: Gene travels a lot as a family together trying to create some memories. Retirement to him does not mean completely stop working especially in the finance industry. 00: As per Gene one must consciously think about between time, money and health. You need your health and everything need to be able to handle that. But you need time and money to do those things. And if you wait till you are 75, you may have time and you may have money, but you may not have your health. So, you got these little windows of time to balance these things. 23: Concourse is considered a broker general agent out there. Gene says that they work in the risk management side of things with insurance products and things of that nature, fully licensed, but really kind of focus on the risk management side of things. 49: Wealthy people do tend to look at long term care as a form of asset protection just in the sense that if one spouse needs the time to go in a facility or a lot of thing times people overlook the fact that it does cover in home care. 08: Gene explains how since the pandemic, the long-term care, home health side of things have exploded. Three Key Points Gene talks about his mindset post turning 50 years old. He talks about his happiness that he is healthy at the age of 53. The 50s is kind of like the first time that this concept of retirement sort of hits people in the face. It becomes a real thing. Gene shares what does that word retirement means to him. Gene talks about his company Concourse. He talks about the services offered by his firm. Tweetable Quotes "It's cool in your 50s that the conversation you are having with your kids got changed so much, as they do in her adulthood and figure out their path and where they want to go." - Bill "Retirement to me means I am going to say freedom more to go and not be tied to a nine to five job or an 8 to five job, but to give up, be able to go do some things that you want to do." - Gene "We have guys that are affiliated with our group here that are that are 80 and still going strong, still making their ten goals for the year and planning and growing and prospecting and all those things." - Pete "You got to have a plan for everything that we do and a lot of our products and services that we do just kind of fit in within that plan of what you want to achieve throughout your life because your life is a plan." - Gene "With the pandemic they a lot of people have pulled their loved ones out of a facility and brought them back home and said, you know what, I can control my home environment, so I am going to have them stay here and just pay an assistant." - Gene Resources Mentioned www.runwaydecade.com https://www.linkedin.com/in/gene-plauche-ii-lutcf-fss-cltc-457ab836/ plauche@ concoursefinancial.com

In today's episode of the "Inside the Plan with the 401(k) Brothers", host Bill Bush and Andy Bush, advisors at Horizon Financial Group share what happened just before the New Year; some sweeping legislation was passed that had to do with retirement plans and retirement savings. It was called the SECURE ACT 2.0 and the “secure” part stands for setting every community up for retirement enhancement.   Episode Highlights 11: The secure part stands for setting every community up for retirement enhancement. Secure. 1.0 back then was just the Secure Act, was passed just a couple of years ago. But the new changes, have kind of been in talks for a while, but finally got a chance to move them through the process and got them approved. 32: Bill and Andy discuss the provision 331 act - it's the natural disaster. In the Baton Rouge and southern Louisiana areas, we encountered hurricanes in the past five or six years and some historic floods. 20: The act was signed on December 29th, 2022. By the way, there are some provisions that actually go into effect retroactively to the tax year 2020. 43: Some of the bigger provisions that are going to start taking place here in 2023 are really on the required minimum distributions. 30: Another good thing they did is addressing penalties for not taking RMDs. In the past the IRS could penalize you 50% of what you were supposed to take minus what you already did take. Now granted you could appeal that and usually they would alleviate that fine or penalty, but they have narrowed that penalty from 50% down to 25% and then further down to 10%. 22: Provision under 601 allows SEP and simple IRA's to be permitted to have Roth. 27: Section 304 has to do with distributions the cash-out limit increase the limit from 5000 to 7000, so a plan could roll you out into an IRA if you left that plan. 52: Section 314 distributions are penalty free withdrawals for domestic abuse victims. 15: Section 110 is the student loan matching program. An employer has to allow for that … it says if an employee has to pay back loans and they are doing that instead of putting dollars into their 401K, the employer can contribute a match of those dollars into the 401k 22: In the year 2024 there's going to be a thing called the starter 401K that is in section 121 and so that permits an employer that does not sponsor retirement plan to offer this starter 401K plan and it requires that all employees be default enrolled at 3% to 15%. 57: Section 127 is the emergency savings account that is allowed at an employer may offer to non-highly compensated employees and this allows them to kind of earmark a certain percentage of their contributions towards just emergencies, and that's capped out at $2500. 19: If you are already putting into retirement, that seems a little bit painless because it comes out of your paycheck. You can also kind of earmark a little bit that goes towards - The Emergency Fund. 55: What section 332 does is it allows you to replace the Simple IRA plan with the Safe Harbor 401K during the year. 00: In the Simple IRA plan, there were really two ways the employer contributed that. They either did the 2% of compensation, so kind of a non-elective whether the employee did anything or not or they did that 3% match. But SECURE 2.0 allows for more. 00: Bill and Andy are expecting to see some more revisions down in the act down the line. They have had the pleasure of being involved and appealing to the legislators in DC, voicing concerns on behalf of participants and plan sponsors     Three Key Points Bill and Andy talk about section 307, which is the qualified charitable distribution rule. They just indexed those after the year 2022, the annual limit or annual exclusion was $100,000, but their indexing those going forward, it does allow for a one-time $50,000 distribution from an IRA. 529 plan beneficiaries would be permitted to roll over unused 529 plans into a Roth IRA. Bill and Andy discuss some of the key provisions that are out there that might impact you or your retirement plan, whether you are a plan sponsor or whether you are a participant.     Tweetable Quotes "They tell everyone to don't think of your 401K plan as a savings account for any ordinary type of event, or even a disastrous type of event. Have other savings in place if you can, but that is something that's out there and I know in 2016 that widespread flooding that occurred. Hit just about everybody in the Baton Rouge area. That was a big thing and people needed some dollars to recover from that." - Bill "The RMD age has now been bumped up starting in 2023 to age 73. That's the required minimum distribution. - Bill "A lot of folks who have already paid their house off and they may not itemize when it comes to taxes." - Andy     Resources Mentioned bbush@horizonfg.com abush@horizonft.com. www.horizonfg.com

On today's episode of the "The Runway Decade Podcast," hosts Bill Bush and Pete Bush, advisors at Horizon Financial Group talk to two-time NCAA baseball coach of the year Mike Bianco. He is the head coach Ole Miss, the reigning College World Series Champs, and reached the pinnacle of his sport and career by winning the national championship.       Episode Highlights 2:47: Mike is fortunate to do what he does as a baseball coach and works with young people in intercollegiate athletics, and when you go to work, there are thousands of people watching you what you do. 3:30: Mike played at LSU, went to the College World Series as a player and then was an assistant for the legendary Skip Bertman for five years and was fortunate enough to go to the World Series four times as an assistant coach and won three national championships. 4:42: At Ole Miss Mike says he's got a great fan base. They were in the top five in national attendance for the last 15-16 years or so and have been in the top two or three along with LSU and some other of our counterparts in the Southeastern Conference. 8:08: Mike knew LSU had a great coach and they played in Southeastern Conference, and he got an opportunity visit there and fell in love with the place and great campus and a great coaching staff and he just wanted to play college baseball. 9:50: Back in the days, you could go to spring training game and lean over the dugout and hand your ball and Tony Perez would grab it, sign it, hand it back to you but you can't do that anymore. But that was a cool time, says Mike. 12:42: Mike says it was very different to play under coach Bertman. He told them that they were getting a PhD, Harvard Education in baseball and they laughed when they were at that age, but it was true. 15:31: In year 1989, we didn't play well all year long either but it's interesting how teams end up being in the World Series and all kind of different paths, says Pete. 16:50 Mike beats Auburn on the road to remain number 1 and so they were number one for two weeks in a row and then they came home and got beat up by Tennessee and that set us into a tailspin for about six weeks where they didn't play well for a few weeks and lost some series they probably shouldn't have. 20:11: Mike explains how it is terrific for a team to hear from a guy that has worn the uniform, a guy that has won a national championship and now is a successful businessman. 22:39: Mike explains how fortunate he was that he started drawing in the people who bought into this vision of baseball and they started having success and they needed to build seats. 28:01: If someone is good enough to play sport, they are good enough to play anywhere. 30:48: Keeping championship and all that aside, Mike feels super blessed in so many ways to be able to do and work and do something that he loves to do and has done it basically his whole life because not so many people get to do that. 32:31: Mike and his wife were putting $50 away in a retirement plan, so thankfully that they started it then when they were trying to play catch up because in your mid 50s and you're so thankful that you were disciplined and that you did it earlier. 35:30: The first time on the ESPN coverage Bill saw that he was hugging one of the players and the second shot of Mike is hugging one of the Oklahoma guys and really struck him that sportsmanship is certainly a pillar of what you preach. 43::37: Every kid or every person of our age remembers sitting and watching, like Hill Street Blues or whatever that show was with your family and that was really a cool time. 45:13: If you are playing the sport, you're supposed to have fun. You are supposed to try to succeed. Not sit there and scared and hope and have moms clap that you have a good eye, says Mike.       Three Key Points Mike was one of the fortunate folks who has carved out a career in this great sport of baseball. He takes the listeners back to where it all began. Mike talks about his reconnect with Luis Garcia, one of their old 89 teammate and going down to Miami and running into him again because the guys that they had played with never going to separate from each other. As per Mike you got to find what works for you, whatever that is or whatever routine that is because everything is about catching your routine.       Tweetable Quotes "In any profession, if you're fortunate enough to reach the pinnacle at least at some point, it's just what you dream about." – Mike "Somewhere between t-ball and high school baseball, you lose four and a half million baseball players." - Mike "When you are in danger you don't need anybody else to lose their games. Just try to win your games." – Mike "You are having a top-notch facility at front stage and the backstage part and with that the improvements you guys have made over the years are phenomenal." – Bill "I always talk about Coach Bertman, but the best thing that happened to me in my life that I met Cammy, my wife. Cammy was a trainer at LSU." - Mike "I think I can handle, and I think my coaching staff could handle but I don't think I wanted my son to have to handle that he is a coach's son." - Mike "I work with the 18- to 22-year-old kids and that's one of the things that I think kind of keeps you young, keeps you mobile, and keeps you moving around." - Mike "I do like emotion. I love the guys that play with positive emotion because what I do is more than just coach baseball. I teach life lessons." - Mike     Resources Mentioned https://en.wikipedia.org/wiki/Mike_Bianco www.runwaydecade.com www.horizonfg.com  

This past weekend I went to a woodworking show in Baltimore, MD and learned some game-changer sanding and finishing tips from a professional finisher named Bill Bush from Lake Shore Hardwoods. These tips will definitely help you get more professional results!Pssst!....Want to join my 30-Day DIY "Money Makeover" Challenge? We're starting January 10, 2023! Space is limited to 10 challengers. Sign up if you feel: Stressed because you don't know where your money is going?A budget is necessary, but you're not sure how to create a realistic budget without feeling deprived?You could be saving more money if you made it a priority?Investing is important, but you have no idea how to get started?​CLICK HERE TO JOIN THE "MONEY" CHALLENGE!Got a question? Email me at serena@thriftdiving.com!EPISODES MENTIONEDHow to Sand Wood Properly with an Orbital Sander - #58LINKS & RESOURCESThe Woodworking ShowsPaint scraper I bought - AmazonSanding Mouse MiniStick-on Hand Sanding PadNational Hardware ShowStarrett Jigsaw Blades that I love!Click to send me an email to share your thoughts with me on this episode! Connect with me on Instagram @ThriftDiving.WANT TO LEARN TO USE POWER TOOLS? I'm creating an online power tools 101 course to help you get over the fear and intimidating of using tools to become empowered with power tools! Sign up here for more info! https://thriftdiving.com/toolsSubscribe to my email list for 5 ebooks, printable, and checklists: https://thriftdiving.com/subscribeSubscribe to my YouTube channel:Support the showClick to send me an email to share your thoughts with me on this episode! Connect with me on Instagram @ThriftDiving. WANT TO LEARN TO USE POWER TOOLS? I'm creating an online power tools 101 course to help you get over the fear and intimidating of using tools to become empowered with power tools! Sign up here for more info! https://thriftdiving.com/toolsSubscribe to my email list for 5 ebooks, printable, and checklists: https://thriftdiving.com/subscribeSubscribe to my YouTube channel:https://www.youtube.com/user/thriftdivingLet's Connect! Blog YouTube Instagram Facebook Pinterest TikTok Twitter

In today's episode of the "Inside the Plan with the 401(k) Brothers", host Bill Bush and Andy Bush, advisors at Horizon Financial Group take a look at top financial regrets. There is a certain saying out there and it goes something like this - NO REGRETS. Bill and Andy discuss the top 5 regrets often made by young and old Americans.     Episode Highlights 01:41: As per Bill, for most folks if you reach a certain age, probably you do have some sort of regret. If you don't, that's great, but that is very uncommon. 03:08: For younger listeners Andy suggests by going through some sort of education and financial planning you can actually start to make great decisions and choices that when you look back when you are 72, then maybe you don't have as many regrets. 03:47: Number One Financial regret of older Americans shared by a thumping 57% of those surveyed was not having saved more for their retirement during their working years. 05:02: It is a good opportunity to point out that most 401K providers, record keepers, have a pretty robust set of calculators and tools that participants can log into. So, if you haven't used those resources, start using it. 06:47: The past is the past, you can't go change that, but you can start to change as you gauge into the future what it's going to look like, and those tools and those calculators do that. They don't give you the exactness of it, but they at least give you a ballpark of what's it going to look like when you are 65 or 70 or and what kind of income you are going to need based on the variables at hand today. 07:09: Number 2 on the regret list is not saving enough. Not buying long term care insurance to pay for nursing homes or similar retirement type of community or something along those lines. 08:42: As per Andy number 3 regret on the list is 37% of older Americans regret not working longer. 11:22: Number 4 is remarkably 33% of older Americans regretted not investing in some sort of guaranteed income. 13:11: When planning your retirement ask yourself how are you going to replace your income? Are you doing something to replace your income when you are no longer earning it? 13:56: Inside of the investment options there, it's happening more on the bigger mega plans more than it is smaller plans. But you are starting to see the opportunity for a plan sponsor to put in some sort of guaranteed income of sliver for an investment option, says Bill. 14:26: Number 5 on the list is about 23% of older Americans claimed social security too early. 16:41: If you file and start taking your benefits before what is called your FRA, think of that as a penalty or a haircut on what would have come to you, and if you delay that, you actually get delayed credits. 17:53: Healthcare is a big expense the older you get and is often the biggest expense for folks in their 70s and 80s. And so that is trying to be as preventative as you can and lead a healthy lifestyle now before you are retired.       Three Key Points Bill and Andy discuss how saving rate matters and how it is in your control to put away the amount as per your requirement in future. Bill and Andy explain how the cost of insurance of a long-term care policy is a very small solution to a much bigger problem. Before claiming your Social Security, it is important to think about how long you might live? You need to ask that question rather than looking at it as if, well, the government's taking my money all of my working years, and I am going to get it back as soon as I can.     Tweetable Quotes "You can learn from the mistakes others have made. I am the youngest of six and I learned so many mistakes from what my older brothers did." - Andy "We have talked many times about Social Security and what it will replace in retirement. And for most folks, I think the best-case scenario might be its 40%, but probably not for most people. Most people, it's going to be probably 25 or less percent." - Bill "Raise your contribution rate up 1% each year for you know a number of years until you get to a good contribution level." - Bill "One of the things that are up and coming in the 401K world is the fact that Recordkeepers will start showing an illustration of what this pool of money might actually mean on a spread-out basis." - Bill       Resources Mentioned https://www.horizonfg.com/ bbush@horizonfg.com abush@horizonfg.com

In today's episode of the "The Runway Decade Podcast," hosts Bill Bush and Pete Bush, advisors at Horizon Financial Group talk to Colleen Bowler. She is an entrepreneur, an author, a very successful financial advisor and has now transitioned into another entrepreneurial endeavor. She also has coached many financial advisors and has developed a unique business to further help advisors reach other people and help other people.   Episode Highlights 3:09: Colleen and Pete had known each other since 2008. On the side, she had been to the program called Strategic Coach, which is a coaching program for entrepreneurs and after three years they asked her to coach. 4:19: Those who are professional athletes, professional entertainers, they all know they need multiple coaches but we as entrepreneurs, we are kind of late to that game, says Colleen. 6:59: One of the things Pete really love about strategic coach is just the kind of overlapping concerns they have or things to work on as an entrepreneur regardless of what industry you are in. 8:10: If you are an entrepreneur and you have been in business three years and your income is over $250,000, you are in a real elite group of entrepreneurs because the average entrepreneur in the US and Canada makes $50,000 a year. 09:02: Colleen was raised in a family that really was about values and about generosity, but there wasn't a lot of focus, especially for women. 12:17: There needs to be more adoption and roles in the industry for females and as per Pete that's been gradually changing, but it needs to happen a little quicker. 15:25: Colleen is formulating tools and assessments that financial advisors can use in their practice, and they can expand the conversation in a process driven way that everybody can go through. 17:01: As a coach Bill knows that thinking about the problem is sometimes the hardest part of the profile. 18:02: In business or movements, you put money in, and the output is also money. But in other endeavors like charitable endeavors of all kinds, you may put money in, or you may put time and effort in, but money doesn't come out. Something else comes out, says Pete. 21:52: It doesn't matter how much money you have if you wake up in the morning and you don't have a purpose. 25:37: Colleen had many clients who one partner needed to be taken care of, and she had no one ever say she is not going to take care of her partner, but she did see a decrease in what they could do either for themselves in living.     Three Key Points As per Colleen it's a great asset to working with advisors and doing the coaching phase with advisors because she believes financial advisors have a huge impact on the world. Colleen's book Generous Kids is about teaching our kids the habit of giving. Just like we teach them to brush their teeth, we can teach them the habit of giving. One of the best things we can do to increase longevity is to live in the present and be in the present and Colleen is trying to do more of that.       Tweetable Quotes "I have been able to see Pete's magic in unique process and I think runway decade is just a big piece of that." – Colleen "In the real-world people have been in business as entrepreneurs over 10 years is really small." – Pete "When I grew up, I really wanted to be a pediatrician, but that was not a possibility then at that time. I started a nurses training but decided I didn't want to do it." – Colleen "There are so many different ways now that we can do the coaching, like podcast, books, etc." – Colleen     Resources Mentioned https://www.linkedin.com/in/colleen-bowler-cfp%C2%AE-09576796/ https://candjinnovations.com/ Podcast Editing  

In today's episode of the "The Runway Decade Podcast," hosts Bill Bush and Pete Bush, advisors at Horizon Financial Group are talking with Brett Harrison, the CEO of Cetera Advisors. Brett began his career in Georgia with a predecessor firm to Cetera, and he has had a very successful career in financial services. Episode Highlights 3.29: Brett started as a CPA out of College in Georgia, in Atlanta. He learned quickly and he didn't like having to be perfect all the time, nor be a historian because it was a little bit restrictive for him as per his personality. 4.16: Being 56 at this point brings a lot of different perspectives on the profession as well as relationships and things like that, says Brett. 7.38: Brett probably had three or four mentors in his business throughout the years and for whatever reason they put their arm around him and took pride and helped him along. 9.46: Brett talks about his 50th birthday, how did he celebrate it? What happened to him mentally or psychologically as he went over that half century mark. 11.11: As per Brett 60 is the number that he wanted to be well,  in a way of providing benefits to this world in a different way. 12.57: There are lots of different aspects of being in your 50s and it does provide a lot of experience and a lot of wisdom of how to help people and think through different kinds of situations in life, says Pete. 14.07: Bill got a chance to see Brett speak in front of a group not that long ago and the average age of advisor was mid or late 50s. Brett talks about the challenges that brings to the financial services industry in speaking to advisors in age 50s. 15.22: Brett is getting a lot of good satisfaction with the ability to use his background and his knowledge of all these years to help advisors think about things they have never had to think about before. 20.52: In COVID we have tech advisors who helped to create digital presence and be more favorably recognized in Google searches because when everyone is remote and they see you the first time, they Google you. 21.22: How you show up out in a digital presence is a perfect example of some of the benefits that we have been able to help advisors think about and implement their businesses as a result of COVID, says Brett. 23.09: As per Pete, you have to be somewhat of a chameleon in how you are dealing with the different personalities and different situations that you have to run into and what they think about shutting down or remote work or not remote work and all that. 24.52: Brett's first job was to help the one person wash his horses after practice, squeeze them off with the squeegee, put a big blanket on them, then you walk them around and get them to cool down. It was his first paying job for about 2 bucks an hour. 31.05: The book, The Runway Decade", gets your mind going on things that you may or may not be thinking about. It's not too technical, but it'll have you start asking, all the right kinds of questions as you prepare for your runway. Three Key Points Brett shares his journey and how his career folded. He talks about his guiding force and who gave him good advice along the way and encouraged him in some way? Somewhere down the line, Brett Harrison is going to go off into some version of retirement. Brett shares his thought on what does retirement means to him. Brett talks about his bucket list and what he plans to while he still has his health.  Tweetable Quotes "I fell in love with the financial advice profession about 26 years ago and I have spent the better part of my career in those 26 years working at the company that I helped and lead a division till today." – Brett "What I am really enjoying is helping advisors think about what's the next step for their business and as an executive leader with the firm that they are affiliated with can be helpful in that." – Brett "After retirement, I want to give myself an opportunity to let my brain kind of clear out and during that time, I would like to formulate, how can I do things to feel like I'm continuing to contribute but it won't be on anyone schedule with mine." - Brett "We don't have to get together all the time but when we do it's really valuable." – Pete "My first concert I ever went to was in the eighth grade. It was called the Memorial Auditorium in Chattanooga; TN and it was Molly Hatchet but for me best till now was few weeks ago in Nashville." - Brett Resources Mentioned https://www.linkedin.com/in/brett-harrison-0636824/ www.runwaydecade.com www.horizonfg.com  

"Hurt people hurt people."People are going to hurt you. The problem is, we still have to love them.When we allow those things to hinder us, it affects our decisions and can lead to poor choices.For example, the idea of "church hurt" can lead us to make the decision of leaving the church and Christ altogether.How can we heal from those hurts, habits, and hang-ups? Bill Bush dives into those solutions and helps us embrace forgiveness.The NO GREY AREAS platform is about the power, importance, and complexity of choices. We host motivating and informative interviews with captivating guests from all walks of life about learning and growing through our good and bad choices.To learn more about the story behind No Grey Areas, check out the link below! https://www.nogreyareas.comWant to be a part of the change and share your story? Follow us on social media, message us, and learn how to get involved!Instagram: https://www.instagram.com/nogreyareasbook/Facebook: https://www.facebook.com/NoGreyAreasBook/

In today's episode of the "The Runway Decade Podcast," hosts Bill Bush and Pete Bush, advisors at Horizon Financial Group are talking with Steve Webb, Chief Executive Officer at Neighbors Federal Credit Union.   Episode Highlights 06.00: Steve talks about the growth of Neighbors Federal Credit Union. How he has watched its growth from $68 million to $1.3 billion. 07.13: Steve talks about the acquisition game that they got into. It's about a decade ago they did one acquisition. But most of their growth was organic and acquisition was about $45 million. 11.03: Steve explains how their entire model of business is based on taking appropriate risk and receiving a reward. 12.09: You have to really enjoy where you are spending your time. You have got to enjoy the people you are working with every day, says Steve. 12.52: Bill, Pete and Steve discuss the importance of work life balance and how important it is to maintain it. 14.07: Pete shares he has two grandkids now and how they change his perspective about things, about the future and about life and everything else. 17.02: As per Steve, goal of any parents is to produce productive members of the society. 18.00: Bill says that they have this thing called the runway decade and it's about life in your 50s. 18.27: 50 was an interesting year for Steve, because it was when he was promoted to CEO of the organization. 19.05: 50 makes you think of your mortality and that life doesn't go on for forever, says Steve. 21.40: Steve always tells people all the time that mobility is a quality-of-life equation to be if you can't walk or move or do things, it really impacts you. 24.40: When you start talking about retirement and you think you got a few years to plan, you better start planning today because every day you wait, that time is going by. 25.20: Steve has talked to a few folks about what is that next step as well. It's going to be a few weeks or months of just chilling, but after that you can't stay on the sidelines forever. 30.01: Steve says that they do a lot of Community efforts. They have high school checking account programs where they actually donate money back to schools. They have tuition and grant programs where they assist students with furthering their education. 31.00: One of Steve's mantras here is they talk about financial confidence and financial confident people make the world better because the lack of money or the lack of understanding about financial stuff does the opposite.     Three Key Points Bill, Pete and Steve talk about their work and family and how they balance work and life. Steve talks about life at 50 and how his mindset has changed in a good way for healthcare. Steve shares what retirement means to him. For Steve retirement is an opportunity to do some things that you really don't get the opportunity to do today.       Tweetable Quotes “There have been things that... obviously, initiatives that we have taken on that necessarily weren't successful and, sometimes you've got to realize that and you've got to be willing to say, hey, it was not a bad idea, might have been a bad implementation, but at this point in time the bad decision is to continue pushing through for something that's obviously not working.” – Steve “I don't care how hard you work and how many hours you put in a day. At the end of the day, if you're just burning yourself out, you're not really helping anybody.” - Steve “I tell people all the time outside of where ...I work inside all day long, Monday through Friday and typically in the office. So anytime I can get outdoors, I'm outdoors.” - Steve “You've got to get back and engage in something and you just have to have the willpower and the strength to not let yourself get roped into turn into a 60 hour gig every week again.” - Steve “Everybody's got their thing that they look forward to and we don't have, I don't golf or hunt or fish or do all those things, although I would go to enjoy time with someone. But our big thing is travel.” - Pete “Just recently we created another grant program called Projects in public schools where I think this year, we gave away $100,000 for just small public-school grants. Some of them are 1500 dollars 700, some of them are a few $1000, but there's an application process at the schools go through and we just started a reward and for some of those little extra things that the budget typically doesn't allow for.” – Steve “What we are doing today will continue to grow. So the impact will be greater rate two years from now, 10 years from now and so forth.” - Steve   Resources Mentioned https://www.linkedin.com/in/steve-webb-53861b1a8/ https://www.neighborsfcu.org https://www.runwaydecade.com Bill Bush: bbush@horizonfg.com Pete Bush: pbush@horizonfg.com Podcast Editing

In today's episode of the "The Runway Decade Podcast", hosts Bill Bush and Pete Bush, advisors at Horizon Financial Group are talking with Pat Cuntz, a successful business leader in Baton Rouge. He was baseball player at LSU before he became a successful business owner.   Episode Highlights 30: Pat met Pete somewhere between 1985-1986. Pete was a freshman the year after Pat had finished playing baseball. Pat was hanging around, finishing school and the two got to be friends… and ended up living together for a little bit. 18: Pat's first year in baseball at LSU was around 1981-82, and he played for a couple of years, but things were a lot different under his first coach. LSU baseball certainly wasn't anywhere near what it is now, but he was there to see the change when Skip Bertman took over the program. Pat was on Skip's first team at LSU 43: Pat has been the luckiest guy on the planet because when he talked to coach Bertman about graduating and going into business, Coach said “you are going to do great”, and it gave him a different level of confidence. 11: Pete says he wasn't a great player either. It made him work harder at taking in all other things that Bertman tried to talk about to us. 14: Pat left LSU not only with a degree, but he meets his wife, another athlete. 08: Pat dated Cecelia for 10 years before they got married. He and his wife were friends who kind of hung around each other a little bit more, and then next thing you do…go on a date. 05: Pat dated for 10 years and then he got married, and then 10 years later, Christopher Cuntz their only child came along. 30: Once, a successful real estate businessperson said to Pat that, work for Motorola and get to know that corporate world and learn from it. Learn the good, learn the bad and then eventually go work for yourself. 52: The goal was always to go acquire some other companies in South Louisiana and we are going to build this business from New Orleans through the 10-12 corridor, all the way through Beaumont, into Houston and Pat really enjoys it. 04: Pat says that he and his family have been lucky enough to communicate the gifts that we have been given. There are things they want to do, and he doesn't know what that means today, but we talk about how we will help some people out. 50: If you are a person of faith, life is about helping people. It is about helping the less fortunate, says Pat.     Three Key Points Pat went to Houston for training period of about 3 months after getting offer from Motorola and had a funny story about when you talk about confidence and how things play out. The atmosphere for the world of baseball or football or basketball or any type of sports across country is so different. The parents, the kids, even the opposing people, everybody cheers for everybody, and everybody is rooting for everybody. You can make a bunch of money, you can have all the plans, but at the end of the day, it's all about what do you want to do and what do you want to do with it, says Pat.     Tweetable Quotes "The whole early era of Skip's teams is kind of a big fraternity of guys that did spend a lot of time together off the field as well." – Bill "When I was getting out, I was in business marketing, and I wanted to go into some type of sales where you didn't have those aptitude tests." - Pat "When I came to work for EMCO, my really good friend ended up being my business partner. I was running the communication side and Todd ran the information technology side and there was always an intention of buying the company." – Pat "COVID showed me I can't work from my house. I'm way too easily distracted. I have got to get up and go somewhere." – Pat "I have to say I'll never really retire. I got to do something and as long as I enjoy what I'm doing and they allow me to do this, I'll continue to do this." - Pat     Resources Mentioned https://www.linkedin.com/in/pat-cuntz-208b424/ Podcast Editing www.runwaydecade.com  

In today's episode of the “Inside the Plan with the 401(k) Brothers”, host Bill Bush and Andy Bush, advisors at Horizon Financial Group take a look at changes in company retirement plan contribution limits for the coming year 2023 and will compare them with year 2022.   Episode Highlights 51: It is that time of year, that not only is fall or autumn, but it's the time of year that the IRS looks at contribution limits for the upcoming year and announces changes, if any. 48: Deferral limit for 2023 is going to be $22,500, an increase of $2000. If you are a participant in a 401K plan or 403B plan, your annual elective deferral limit for 2022 was $20,500. 44: As per Andy you don't have to wait until you hit 50 in 2023. Anytime you could become 50 and you can put the extra $7500 in all the way through and plan for it throughout the year. 52: There is a legislation being discussed right now that, authorities will likely even boost the catch-up contribution amounts even further, says Bill. 19: There is an overall plan limit of the dollars that can go in per individual per and in 2022 it was 61,000 for any individual. If you had the catch up, you could have done 67,500. 08: When you think about on the employer side of things in SIMPLE IRA, a non- elective employer deferral is 2% no matter what the employee is contributing, or doing or there's a match and it can be up to 3%. 10: They have changed the definition of highly compensated employee just a little bit based on the dollar amount and that HCE is always looking at the prior year. For HCE it was 135,000 in 2022 and that's moved up to 150,000 in 2023. 34: As per Andy, the traditional and Roth IRA's have contribution limits. In 2022, those are $6000 but next year they move up to 6500 but the catch-up provision stays the same at $1000. 20: There are ranges that are involved in traditional IRA contributions to be deductible depending on how you file your taxes and how much you make. 38: The income phases out range for taxpayers making contributions to a Roth IRA has been increased and it's going between $138,000 to $153,000 for singles, says Bill. 24: If you are married filing jointly and your modified adjusted income is above the $228,000 you cannot contribute to a Roth IRA in 2023. 08: When you cross over the 50-year mark, you really start to realize that I'm closer to retirement and I need to get my affairs in order because life is happening so quickly and the opportunities are becoming fewer and fewer, says Andy 43: All plans,allow you to change your contribution rates at the first of the year. But a lot of plans have other different points where they'll allow you to make changes. 44 Be intentional about saving rates because saving rates matter. You have the opportunity coming and opportunity is increasing for 2023.       Three Key Points If you are in SIMPLE IRA plan, your elective deferral which you are allowed to make in your plan in 2022 is $14,000, but because of the step up in most everything else ,and the adjustments for inflation for 2023 the elective deferral limit has moved up to $15,500. If the spouse making the IRA contribution and is covered by a workplace retirement, that phase is now increased from $116,000 to $136,000 because after $136k, it's not deductible. It doesn't matter what your income level is to make a contribution to a Traditional IRA but it does matter what your income level is if you have a workplace retirement plan to get tax deductibility for a Traditional IRA.     Tweetable Quotes “It's interesting that inflation happens because you would almost link deferral increases to wage inflation.” – Andy “There is definitely more capacity to put away dollars for retirement if you're in a company plan for 2023.” – Bill “You pay your social security tax on earnings up to 147,000 in 2022, but next year in 2023 you will pay social security tax on up to $160,200.” - Bill “There are also ways you can save for retirement outside of employer sponsored plans and that is IRA's and Roth IRA.” – Bill “If you're single filing single and you make more than $153k on your modified adjusted gross income, then you're not allowed to contribute to a Roth IRA.” - Bill   Resources Mentioned https://www.horizonfg.com/ Podcast Editing

In today's episode of the “The Runway Decade Podcast”, hosts Bill Bush and Pete Bush, advisors at Horizon Financial Group are talking with Angela Decoteau, a mom, and a great family person. who had a transformation in her 50s. Angela talks about her close family in South Louisiana, how she got interested in going to law school, then how she transitioned to being a lawyer in trust and estate planning. Angela also talks about her family story, which gave her the incentive to go into this profession and follow down that path.   Episode Highlights 02:30 – Bill introduces Angela and tells her to talk a bit about herself and her story. 05:00 – Angela says that while growing up she went to East Ascension High School. 07:20 – Angela really invested hard in her kids and told them to do whatever they want to. She told them to be adventurous when they grow up, and do wonderful things in the world. 09:10 – Bill enquires from Angela and wants her to talk about the inflection point where a big event took place in her life. 13:30 - Angela decided to do something that no one in her family had ever done. Not only did she blast her cultural lid, but exploded it by deciding to go to college at the age of 50. 15:35 – After finishing school, Angela decided to do her Real Estate business and started doing that. Besides, she also got herself certified in the John Maxwell coaching program to become a coach. 16:50 - We don't show people who we really are, but a coach will reveal who you really are and how you really think. 20:45 – During Angela's time in Law School, finally she realized that it had been ingrained so far deep into her mind that she can't achieve it. Her brain was saying no while her body was saying yes. 23:00 – Angela reveals how she got into estate planning. 25:10 – The right to the property is like a three-layer cake and Louisiana is Usus, Fructus, and Abusus. 27:30 – Angela says that her grandfather passed, her grandmother got older, and with age became feeble. She didn't have a lot of money, they didn't have a big retirement plan, a small pitch, and a little bit of Social Security. 30:00 – Referring to her ancestral property in Louisiana, Angela suggests that at the time somebody passes you have to make sure to get a good estate plan. So, you need to have a good attorney because there are a lot out there who do not care for the family. 32:00 – Angela mentions that she has a business coach that's helping her to create the best firms where she can service her clients and he keeps asking if she needs some time off. 34:00 – Bill asks Angela about her favorite TV show as a kid. 35:55 – Another question Bill asks Angela about her favorite go-to restaurant. 36:45 – Angela understands a lot about business, and not so much about attorneys, but she has realized that people don't go to attorneys because of various barriers.   Three Key Points Angela reveals that of all the women in her family including her grandmother, and mom, no one even graduated high school. So when she graduated high school was a big deal. Her family was proud; they all came to the graduation ceremony and everyone celebrated as the whole family was excited because she graduated high school. Later Angela got married and raised her family comprising three kids and 14 grandkids. She loved raising her kids, partially even raising her grandkids and after that, they just got a little quiet. At 50, Angela had a great 30-year marriage, she had her nonprofit, and it was going to be her next life after the kids were going to go out into debt sounds great. She was into the real estate investment business and was living her best life with a real estate investment deal. That's when she hit a snag that took their money with it, and they as a family were shaking and on the verge of bankruptcy. Her nonprofit had hit a snare and wiped out. Thousands of people who were following Angela around the world went away overnight. Besides, her marriage was seemingly over which left her completely devastated. But in this situation, Angela remembered what her mom had said --” You got to get up, you got to keep going, and you got to keep moving.” Thereby, she started to really dig down and try to find out different lids in her life. After completing law school, Angela was stepping forth into the new world where she wanted to be. Her mind was trying to stop her by making her physically ill and by creating these roadblocks. There was a tension between her mind and her body that was causing the problem but as soon as they discovered that it went away, and she never had it again. At 55, she felt great and she still has great energy.   Tweetable Quotes “Character was the main issue of the day if you had a good character you were liked.” - Angela Decoteau “Thank God for Google Calendars and Facebook, whose birthday is today, let me check please?” - Angela Decoteau “About the age of 50, that's when everything kind of changed for me. Children were getting older, and I had a nonprofit” - Angela Decoteau “I realized there were different lids in my life and one of the lids was a cultural lid.” - Angela Decoteau “The other thing that I worked on is my business lid with real estate. By the time I graduated, I had already built up our real estate to a million-dollar business.” - Angela Decoteau “The thing about a coaching environment is that you become relaxed, and you begin to think on a different level than you do in front of everybody else.” - Angela Decoteau “We've talked about it in our book about how a good coach can hold the mirror up and show you parts of yourself.” – Pete Bush “I was absolutely fascinated by the law, and it's an area that everyone needs that.” - Angela Decoteau “We'd all get together and hang out and I have great memories. But when my grandfather died that's when the estate plan kicked in and there was a lot of confusion.” - Angela Decoteau “My grandfather's attorney took the Louisiana law and wrote it in my grandfather's estate plan.” - Angela Decoteau “This property in Louisiana that has a lot of heirs in it is never going to get sold, no one's ever going to love it like we did when we were kids.” - Angela Decoteau “We wrote a book called ‘The Runway Decade' where we talk to people in their 50s about leading up to retirement. What does the word retirement mean to you?” – Bill Bush “I've run businesses, and I'm also a coach for the state for the Small Business Association.” - Angela Decoteau “I wanted to remove these barriers for people so that they can get the things that they need to get done.” - Angela Decoteau     Resources Mentioned Horizon Financial Group  Website Contact Information         Bill Bush           Pete Bush  Podcast Editing Angela Decoteau contact info: Angela@legacylawofla.com Office Address: 324 E Worthey St. Gonzales, LA 70737  Office #: (225) 396-5179

In today's episode of the “Inside the Plan with the 401(k) Brothers”, host Bill Bush and Andy Bush, advisors at Horizon Financial Group take a look at the anatomy of a Recession, define what it is, what causes it and what are some of the traits around it.     Episode Highlights 01:30 – Recessions are not identified until they have passed and they've started to pass and leave. So it's kind of a look back to see when, and what causes the recession. 03:15 - Recessions are not rare they can occur several times during your lifetime. 05:05 – As companies maximize things, employment improves, and so employment has been pretty darn good during the pandemic. 07:30 - Interest rates increase and so you see contraction on the credit side of things. 09:55 - When it comes to the market, views of the economic activity expansions and contractions are important because it affects your portfolio. 11:15 – One of the indicators of recession is unemployment. When unemployment rises, it can lead to a decline in consumption, people going out, buying things, and then that affects the business output. 12:30 - Another leading indicator of a recession is Housing depending on their clients. Housing stocks are growing but they're not growing at a bigger rate than they used to. 14:30 – In case of uncertainties the first thing is that these things happen, so recognize that throughout your life as it is part of life. 16:40 – Inside the 401k retirement plans they tell investors to look at rebalancing their portfolio, or perhaps increase their contribution.       Three Key Points The recession is when you see a declining gross domestic product over a period of a couple of quarters. When people lose their jobs, they're not spending as much, so then you start to see the revenues and earnings of companies coming down. There is a significant decline in economic activity that is spread out across the economy lasting more than a few months, and when you see the GDP drop real income, employment, industrial production, etc. So the most recent grant that came out on inflation was really some areas came down, but some of the more critical areas like food, that everybody needs, we're going up. It's good because typically, as profit margins peak and companies are not making as much profit, they start to in the very layman's sense trim the fat. They start to let some folks go who are not necessary or critical, and hence they lose their jobs. So what happens when the recession hits low economic activity? You start to see the slowdown and people start losing their jobs. When you look at the consumer's confidence in the economy when that bottoms out, there's a recession. Unemployment was about a little over five months ahead of a recession. So far, unemployment is at its nearly 50-year low. So on consumer confidence, it's really about three months before a recession, there has been an instance in the past where it had a double bottom so that could be something that we encounter this year.       Tweetable Quotes “One of the words we've heard a lot about is uncertain and recession.” – Bill Bush “So, we've already seen a couple of quarters of negative GDP.” - Bill Bush “The pandemic was a kind of a rare type of situation and in that, everything was halted in the sense for a good while.” – Andy Bush “So you start to see the labor market, start to tighten up, and then central bank policy starts to tighten too.” – Andy Bush “You start to see expansion GDP growth is positive so that gross domestic product is positive.” - Andy Bush “The leading Economic Index is also there when it's declined at least 1% from the previous year, about three and a half months later you start to see a potential of a recession.” - Andy Bush “Let's stay calm, especially if you're fairly young and have a long career ahead, you got to think of the long-term perspective.” – Bill Bush “Recessions are natural they happen and they happen every business cycle.” - Bill Bush “If you have some worries and fears, we always say worry with us, don't worry alone.” – Andy Bush     Resources Mentioned Horizon Financial Group: Website Contact Information:  Bill Bush          Andy Bush The Runway Decade: Website Podcast Editing

In today's episode of the “The Runway Decade Podcast”, hosts Bill Bush and Pete Bush, advisors at Horizon Financial Group talk with guest Gloria McConnell about the new things she is embracing in her 50s.   Episode Highlights 02:28 – Bill introduces the guest. 04:30 – Gloria shares a story behind her nickname, and how her nickname was born. 06:12 – Gloria tells a little bit about her upbringing. 08:35 – Baton Rouge was close to the family so when she moved back to Baton Rouge, she got a job as the HR Director for Tony seafood, says Gloria. 10:10 – Gloria always wanted to be a teacher and now she gets to teach in a classroom and talk to people meet people and then do one-on-one coaching as well on leadership. 12:30 – They discuss the shift from management to leadership growth. 14:13 - Gloria talks about her mindset when she turns 50. 16:44 – Bill enquires from Gloria about how she became a Stand-up Comedian. 18:45 – Gloria wonders if she could do this and so, she looked up, she Googled open mics, and she found one. She sent a note and somebody said, yeah, just show up at this time. 20:35 - It's a skill that just like any other skill we practice, and if everything we do works, then we need to try harder. We must get better, says Gloria. 22:00 – Gloria says, the pandemic put the stuff on pause because they were not doing open mics. 24:15 - If everything works, we are not trying hard enough. 26:12 – Gloria in her 50s decides that she is going to be in a play. So, she shares that. 28:10 – Gloria says, the best leaders find out what energizes their people to the extent we can give them work that where they use their strengths, where they're having fun, where they feel like they're real, and really in their A game. 31:00 - Gloria loves what she does in her work and it's flexible. So, retirement does not look that different, because she does enjoy her work. 32:50 – Bill asks a rapid-fire question, what does she consider to be the greatest invention in her lifetime? 34:23 – If someone were to play Gloria in a movie, who would she want it to be, asks Bill.   Three Key Points Gloria highlights - when one starts thinking about who is next, that drives all the rest of it, we have bodies to put in these positions, but are they ready? So that is where they come in, and it is like, are they taking a strategic approach to developing their work, if their employees are they happy, do they want to be there, or do they know what they are doing? They know what they're doing technically, and they know how to do their jobs, but in terms of the people's skills, businesses do not tend to promote people based on their people skills, they promote them based on their technical skills, and then they wonder why they struggle to lead teams. So that is where they come in, teach them and coach them. When Gloria takes leadership classes, or first-line supervisor classes, her message to them is, that there are no perfect people, therefore, there aren't any perfect leaders. You're going to make mistakes, you're going to say the wrong thing, you are going to make a wrong decision and if you are not, you need to try harder. Gloria shares what she thinks when she hears the word retirement, she is thinking just more time to do those things that are fun. Whether it is spending time with her girls wherever they happen to be, comedy, theater, etc. Those are the things that most appeal to her, and spending time with friends in a relationship.   Tweetable Quotes “I got my foot in the door working for Intel Corporation, which pretty much launched me professionally.” - Gloria McConnell “I teach a lot of first-line supervisor classes, that's kind of my specialty and my favorite thing.” - Gloria McConnell “Whatever your business strategy is, we'll help you line up your people strategy to match it and help you be successful.” - Gloria McConnell “I began to see there's going to be a life after my kids are grown.” - Gloria McConnell “It's exciting to think If I've lived a lifetime at 50, I have a whole another lifetime I can live ahead.” - Gloria McConnell “I always liked to laugh. But I think I always, also would try to amuse people against their will.” - Gloria McConnell “One comedian told me just because somebody doesn't laugh doesn't mean it's not funny.” - Gloria McConnell “We want to stage with people, who buy a ticket to come and laugh.” - Gloria McConnell “I enjoy what I'm doing in a lot of cases.” - Gloria McConnell   Resources Mentioned Horizon Financial Group  Website Contact Information         Bill Bush           Pete Bush Gloria McConnell: Website           Facebook                    Instagram        Email: gmcconnell@successlabs.com  Podcast Editing  

In today's episode of the “Inside the Plan with the 401(k) Brothers”, host Bill Bush and Andy Bush, advisors at Horizon Financial Group talk about HSAs as a Retirement Strategy. They take us through Health Saving Plans which can also act as retirement plans, and these health saving accounts can actually be valuable over time that you can access in retirement. Bill and Andy are going to go through some of the basics and how it might work in your situation.     Episode Highlights 01:00 – You can only have an HSA (Health Savings Accounts) if you participate in a certain type of plan which is a high deductible healthcare plan. 03:00 - To draw the differences of the catch-up provision in a 401 K plan, that catch-up triggers at age 50. So, you can put more into your 401 k when you are 55. 06:00 – One advantage of a flexible spending account is that you can carry over dollars from year after year, and there's no time limit for using the money. 08:00 – HSA also covers some of the qualified medical expenses needed to maintain your health or maybe prevent certain health issues. 10:20 – Another benefit of having HSA is that not only would you be able to reimburse your future qualified medical expenses, but you can also start to reimburse your past qualified medical expenses and be able to get money out of an account tax-free. 12:00 – At the time of retirement if you had a major surgery where the out-of-pocket expense is a lot then if you had the qualified medical expenses balance saved up in the HSA, then you can use that. 14:00 - There's a spectrum here of how people use their HSA. So some people enroll in a high deductible plan and don't even use the HSA or they don't contribute. 16:30 - People that are in the higher income group, maybe the top 20% or top 40%, their life expectancy is a little longer than those that are in the lower income range.     Three Key Points If you have a high deductible health plan, within HSA or Health Savings Account, you can contribute a pretty good amount into the Health Savings Account. You're still paying your premiums for the High Deductible Health Plan, but you can make contributions to this Health Savings Account and this is the definition of a High Deductible Health Plan. So, for 2022 IRS defines it as a plan with a deductible of at least $1400 for an individual, or 2800 for a family. The High Deductible Health Care Plan can't be more than $7,050 for an individual or 14,100 for a family, per year. If you happen to be a healthy person, and you're in a High Deductible Health Plan that has an HSA, it can be a very valuable tool for you over time. You can reimburse yourself for qualified medical expenses from your HSA but there's no time limit on those medical expenses. So, you can start compiling any medical expenses you had in the past. if you can pay those out-of-pocket, you can do that, but not out of your HSA. Then down the road when you get into retirement, you can come back and reimburse yourself for those medical expenses. Another beautiful thing about the High Deductible Plan is that there is a limit to how much you're going to have to pay for things that are more catastrophic. There was a great study done recently that dropped the spending state savings and spending study and what they saw was two of the top three retiree spending concerns are Health Care Premiums, Insurance Premiums, and Out-of-Pocket Health Care Expenses. People fear having to pay those because it's something they know that they're going to have to pay, but it's way out there in the future.   Tweetable Quotes “The maximum amount in 2022 that you can contribute to if you're a single person to the HSA is $3,650.” - Andy Bush “The first thing you need to check is if your employer offers an optimal health plan?” – Andy Bush “The beauty of HS is that there's just the Triple Tax Advantage.” – Bill Bush “A lot of the HSAs have a little card like a debit Fount.” - Andy Bush “You can save and this comes in handy for folks that have already maxed out their 401k and are looking for other places to put pre-tax dollars.” – Bill Bush “I think finally; Andy's favorite word is wherewithal.” - Bill Bush   Resources Mentioned Horizon Financial Group: Website Contact Information:  Bill Bush          Andy Bush The Runway Decade: Website Podcast Editing

In today's episode of the “The Runway Decade Podcast” hosts Bill Bush and Pete Bush, advisors at Horizon Financial Group speak with guest Sharon Whitlow, an Attorney, and Partner at Whitlow & Simmons Law firm. She talks about her professional journey, and how she dealt with both simultaneously, her legal work and kids.   Episode Highlights 01:10 – Sharon talks about her journey of how she reached where she is right now. 03:00 – When Sharon's second child was diagnosed with Autism that changed the dynamic resulting in working very little in legal practice for a few years while raising kids. 04:55 - Sharon made the transition from her law firm to start a new firm in January of 2020, right before COVID, which was a scary time and a big risk. 07:00 - One of the reasons Ricky and Sharon were able to form a good partnership is because their practices have been compatible. 08:40 – Bill asks how has life changed for Sharon in her 50s when she compares it to her younger self. 10:55 – Sharon mentions that she didn't want to pay for other people's retirement, instead she wanted to focus on paying for her retirement. 13:06 - One thing that both Ricky and Sharon have to deal with is how to transition their practice. They don't want it to just die, but they would like to be able to transition it. 15:30 - If you have a special needs child, and if they need the qualifications, you have to get that process done in a judge's signature on an order before their 18th birthday. 17:30 – Bill discusses the importance of retirement planning at the right time because that is the time when you're in some version of sand at the bottom and little grains at the top, you never know. 19:40 – Every year when you're doing your taxes, that's a good time to update the list of your financial advisor, phone number, policy number, etc. Advises Sharon. 21:10 - Sharon thinks that as you get older, there's not a great need to look at your will every year. 22:45 – Sharon states that their retirement is focused on making sure that the child is taken care of because they don't want him to be a burden on the other kids. 25:21 – Bill enquires about Sharon's favorite go-to restaurant.   Three Key Points Sharon says that through the years, she had the opportunity to work with some great attorneys. Through that process, you refine the areas that you like to practice in, you find what you're good at, and by that process, you develop specialties. So, through that process, Sharon has had a lot of good folks that she has worked with over the years. The most common problem according to Sharon is that people wait too long to try to do estate planning due to different reasons. Some people do not want to face their mortality, so they don't want to think about dying or being incapacitated in their old age so they ignore it, which is weird. If you have a safety deposit box, then make sure you tell somebody which bank and where you keep the key. Otherwise, what we have to do as part of the succession is hire a locksmith, get a court order, go to the bank and drill it open.   Tweetable Quotes “It was not a straight path, a lot of curves in the road.” - Sharon Whitlow “We decided to start a non-profit for young adults with Autism to do a transition program.” - Sharon Whitlow “Let's talk about some good advice you have along the way in your career.” – Bill Bush “Having a child with autism changes a lot, it changes your outlook on a lot of things.” - Sharon Whitlow “A lot of law firms have mandatory retirement ages.” - Sharon Whitlow “What were people missing the boat on the planning aspect and leaving legacies.” - Bill Bush “You get this feeling when you turn 50 like okay, “I'm probably more than halfway done with my life.” - Bill Bush “So those are the little things that you tell people in terms of how often should you look at changing and updating?” - Sharon Whitlow “I've had some clients who looked at their wills every day because they were so fixated on their mortality.” - Sharon Whitlow “Our focus is more on taking care of this child when we're gone.” - Sharon Whitlow   Resources Mentioned Horizon Financial Group  Website Contact Information         Bill Bush           Pete Bush Whitlow & Simmons Law Firm – Contact Number - 225-214-4141 Sharon Whitlow LinkedIn Podcast Editing

In the summer of 2022 the Hogg Foundation teamed up with the Bullock Museum of Texas to contribute to their summer of programming on mental health. In June of 2022, Hogg Foundation executive director Dr. Octavio N. Martinez, Jr., and Dr. Bill Bush, Texas A&M professor of history and author of Circuit Riders for Mental Health: The Hogg Foundation and Twentieth Century Texas, were the featured guests in a webinar presented by the Bullock Museum. Their conversation connects the past and present of mental health, and shows how building an effective, person-centered mental health system in Texas is a project that spans generations. Related links: Hogg State Hospital Archives Project https://hogg.utexas.edu/hogg-foundation-awards-260000-for-austin-state-hospital-archives Bullock Museum Webinar: Dr. Octavio N. Martinez, Jr. and Dr. William Bush https://utexas.box.com/s/9jpu7bkky2t4tz6uzw30xszarnh18rkj Episode 25: Circuit Riders for Mental Health Into the Fold, Episode 25: Circuit Riders for Mental Health The Hogg Foundation: 80 Years of Texas Resilience https://hogg.utexas.edu/the-hogg-foundation-80-years-of-texas-resilience In Their Words: Mental Health Then and Now https://hogg.utexas.edu/mental-health-then-and-now

Navigating the complexities of retirement planning may feel daunting at times, but it doesn't have to be this way.  In this episode I talk with Bill and Pete Bush from Horizon Financial Group, authors of The Runway Decade, about the ins and outs of 401Ks and IRAs.  We will explore the differences between these two financial instruments and even explain the key advantages between Roth's and traditional structures.  Understanding the rules, investment strategies, and how to avoid common blunders will empower you to make wise financial decisions and increase your wealth now and in the future.  To learn more about Bill and Pete, and their newest book The Runway Decade, visit https://www.horizonfg.com/.Helpful links:Join the Strategic Financial Mastery programJoin Our Free CommunityTrain your team with an on-site workshopDisclaimer:BYFIQ, LLC is a wholly owned entity of Coltivar Group, LLC. The views expressed here are those of the individual Coltivar Group, LLC (“Coltivar”) personnel quoted and are not the views of Coltivar or its affiliates. Certain information contained in here has been obtained from third-party sources. While taken from sources believed to be reliable, Coltivar has not independently verified such information and makes no representations about the enduring accuracy of the information or its appropriateness for a given situation.This content is provided for informational purposes only, and should not be relied upon as legal, business, investment, or tax advice. You should consult your own advisers as to those matters. References to any securities or digital assets are for illustrative purposes only, and do not constitute an investment recommendation or offer to provide investment advisory services. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendations. The Company is not affiliated with, nor does it receive compensation from, any specific security. Please see https://www.byfiq.com/terms-and-privacy-policy for additional important information.Support the show

We are so honored to be joined by local celebrities, Pete and Bill Bush! The Bush Brothers come to us from Horizon Financial Group right here in Baton Rouge. This episode focuses on their latest endeavor, their very own book! The Runway Decade is available now for purchase and you definitely want to get your hands on a copy. This book explores opportunities for those nearing retirement age; however, it's never too early to start thinking about retirement. Thanks for joining us, Pete and Bill! Visit their website: The Runway Decade Buy their book: The Runway Decade: Building a Pre-Retirement Flight Plan in Your Fifties: Bush, Pete, Bush, Bill Call us at 225-300-8478 Visit our website at choosesentinel.com Stay tuned for more tidbits regarding retirement plans. Have a question for us? Please email 401k@choosesentinel.com. Follow us on LinkedIn Follow us on Facebook Music by Adam Vitovsky

If you're like many future retirees in their 50s, you're facing a milestone in the next decade that can feel like an overwhelming deadline: retirement. If you're also a business owner or corporate ... The post The Runaway Decade: Bill Bush, CRPS and Pete Bush, CFP appeared first on Author Hour.