Inside The Plan With The 401(k) Brothers

In this episode of Inside the Plan with the 401(k) Brothers , Bill Bush and Andy Bush, advisors at Horizon Financial Group, talk about the main fears people have of retirement, the importance of paying down debts, and not getting bogged down by the past and focusing on what you can do to benefit your retirement right now.   Episode Highlights:   0:38 – Bill Bush and Andy Bush introduce the topic o...

In this episode of Inside the Plan with the 401(k) Brothers , Bill Bush and Andy Bush, advisors at Horizon Financial Group, address a a familiar comment from plan participants: "I don't know what to do!" Bill and Andy talk about the various retirement funding types for those who find themselves not knowing what to do, and how those options apply to various retirement goals. Also the 401(k) bros. t...

  In this episode of Inside the Plan with the 401(k) Brothers , Bill Bush and Andy Bush, advisors at Horizon Financial Network, discuss what you need to know when managing your retirement income. Learn from Bill and Andy about common and potential financial sources of retirement funds, when to withdraw them, and what RMDs are.    Episode Highlights:   0:40 – Andy Bush describes some myths related...

In this episode of Inside the Plan with the 401(k) Brothers , Bill Bush and Andy Bush, advisors at Horizon Financial Group, talk about what exactly "vesting" means, the various distinctions between vesting schedules, and the ways these vested money options operate.    Episode Highlights:   0:40 – Bill Bush shares where the word "vest" comes from. 1:03 – What does vesting mean? 2:14 – What is a cli...

In this episode of Inside the Plan with the 401(k) Brothers , Bill Bush and Andy Bush, advisors at Horizon Financial Group, provide us with insight into what a 401(k) plan hardship withdrawal is, what the rules and restrictions involved in hardship withdrawals are, and how law changes have affected the regulations of hardship distributions.   Show Notes:   0:30--- Are hardship withdrawals an optio...

In this episode of Inside the Plan with the 401(k) Brothers , Bill Bush and Andy Bush, Advisors at Horizon Financial Group provide us some useful information regarding loans inside a 401(k) plan. Learn the positive and negative sides to pulling a loan from your 401(k), what the payback structure will typically look like, and what limitations are involved.   Show Notes:   0:25--- Does your 401(k) p...

In this episode of Inside the Plan , Bill Bush and Andy Bush, Advisors at Horizon Financial Group, get down to business with the hard facts and stats that affect all of our retirement decisions. The importance of preparing for retirement can't be stressed enough. What are the retirement statistics for people's life expectancies beyond 65, the number of people retiring earlier, and how gender, heal...

In this episode of Inside the Plan , Bill Bush and Andy Bush, Advisors at Horizon Financial Network, give us some valuable insight on which choices you can make for your 401K plan when leaving an employer. Learn the pros and cons on everything from withdrawing from your 401K plan too early, to rolling over your old plan into your new employer's plan.    Show Notes:   0:57--- Some of what you can d...

Summary: Do you have retirement plans from multiple companies? Are you ready to consolidate them? The 401K brothers take us through the simple steps to consolidate your 401K accounts.   Show Notes: 1:00 - 401K Retirement Plan rollovers 2:30 - The first step is to reach out to your old employer and request the 401K rollover forms from them 3:02 - The check must be made out to the new holder of your...

Age matters when you are managing your 401K. There are several important ages that you need to be aware of. The 401K brothers take us through the important dates of our plans and discuss catch-ups, social security and distributions.   Show Notes:   :30 - 21 years of age is what most plans to put as the entry age. 1:22 - Age of 50 is important because at 50 you are able to do the catch- up provisio...

There are several different assets you can choose to invest in within your 401K. How do you know which to choose? There is a range of different risks and rewards associated with each asset. Today, the 401K brothers add some light to the different investments and their risk.   Show Notes: :30 - Why are there so many different asset classes to choose from in your 401k :40 - Some people have a greate...

  Have you ever wanted an easy button for your 401k investing? Target Date Funds are a one-stop investment option for a 401k participant. Today, we sit down with Andy and Bill Bush to get a better idea of how we can use target date funds to enhance our own retirement portfolio.   Show Notes:   :30--- Introduction of today's topic: Target date funds :44-- What is a target date fund? :50-- A target...

  It is an age old question that has existed for as long as a 401K has: How much should I contribute to my 401k? Hosts Bill Bush and Andy Bush, Financial Advisors with the Horizon Financial Group, cut to the chase and give us the information we need to plan for a successful retirement. They give us tools to plan and learn about our personal 401K.     Show Notes:   1:00--- The age old question: How...

Beneficiaries are a critical piece of your 401K. If you were to die, this person receives the benefits from your 401K. Andy and Bill Bush go in depth about contingent and primary beneficiaries and what we need to take care of today.   Show Notes:   :30--- Beneficiary is someone who gets your 401 K benefits once you die 1:00--- The thing is, once you die, you can´t change your beneficiary 1:47--- T...

In this episode of Inside the Plan , Bill Bush and Andy Bush, Advisors at Horizon Financial Group give us more information about social security. They talk about what social security is and what we can do about it.     Show Notes:   1:00--- Social Security was taken for people to take at 62 when life expectancy was 58. IT was a source of emergency income. 1:52--- Myth: Social security is predicted...

  In this episode of Inside the Plan , Bill Bush and Andy Bush, Advisors at Horizon Financial Group give us the 411 on fees associated with our 401k. The delve into why we pay for our plans and how we can get the most value out of our plan.   Show Notes:   1:00--- There are fees associated with your 401k. 1:52--- There is a cost associated with the recordkeeper--the company keeping track of your i...

In this episode of Inside The Plan, the 401(k) Brothers discuss the differences between traditional and Roth deferrals...

In this episode Bill and Andy Bush talk about the contribution limits in company retirement plans...