In this episode of Inside the Plan with the 401(k) Brothers, Bill Bush and Andy Bush, advisors at Horizon Financial Group, talk about Andy Bush turning 50-years-old. What ways is he approaching his retirement and which lifestyle changes matter to him more now? Learn strategies to let your retirement be a planned scenario instead of letting it creep up on you empty-handed.
Episode Highlights:
- 00:50 – Andy Bush talks about turning 50-years-old.
- 01:38 – How does turning age 50 affect Andy’s retirement plans?
- 03:32 – What age do people start focusing on retirement?
- 05:20 – Generation X is facing a lot of credit card debt.
- 09:32 – Has Andy Bush done anything with his asset allocation?
- 08:22 – 50 is the milestone in life and lifestyle changes.
- 10:25 – AARP typically sends out information at 50.
- 13:10 – Most providers have great tools to research a retirement plan.
- 13:40 – Bill Bush reminisces about Andy Bush being born on the day of the Major League Baseball All-Star Game.
3 Key Points:
- Our inAge 45 used to be the typical age people started getting serious about saving for retirement.
- 53% of Generation X have credit card debt.
- What things can you do at 50 that will make your life easier at 70, such as diet?
Tweetable Quotes:
- “The things I do now are certainly going to impact my final picture as far as what I have accumulated.” – Andy Bush
- “Time relentlessly keeps on ticking and whether you use it in a good way or a bad way, time has no regard for how you use it.” – Andy Bush
- “The Glide Path is I’m really aggressive when I’m 30, mostly invested in stocks, and The Glide Path is the glide to become more conservative.” – Andy Bush
Resources Mentioned:
