『Inside The Plan With The 401(k) Brothers』のカバーアート

Inside The Plan With The 401(k) Brothers

Inside The Plan With The 401(k) Brothers

著者： Bill Bush and Andy Bush
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概要

 Inside The Plan With The 401(k) Brothers is a production of Horizon Financial Group, located in Baton Rouge, LA. The show handles topics and questions that often arise from participants of company retirement plans. Bill Bush and Andy Bush are indeed brothers, but NOT twins. Registered Representatives offering securities and advisory services offered through Cetera Advisors LLC, member FINRA/SIPC, a broker/dealer and a Registered Investment Adviser. Cetera is under separate ownership from any other named entity. 15015 Jamestown Boulevard, Suite 100, Baton Rouge, LA 70810Horizon Financial Group 15015 Jamestown Boulevard, Suite 100, Baton Rouge, LA 70810 個人ファイナンス 経済学
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  • High Earners, Catch-Up Contributions, and Smarter New-Year Moves

    High Earners, Catch-Up Contributions, and Smarter New-Year Moves
    2026/01/27
    As the calendar turns to 2026, Bill and Andy Bush kick off the new year by breaking down key changes affecting higher-income 401(k) participants—most notably the new SECURE 2.0 rules requiring Roth catch-up contributions for certain earners. They unpack who the rules apply to, how they intersect with other income thresholds, and why many six-figure earners still feel behind despite strong incomes. Along the way, the brothers share practical New Year's resolutions that actually move the needle: optimizing (not just maxing) your 401(k), improving tax efficiency, managing emotions, reducing complexity, and defining what "enough" really means so your money supports both your future and your life today. ⏱ Episode Timeline & Key Topics 00:08 – Welcome & Happy New Year Bill and Andy kick off the first episode of 2026, reflecting on the new year and why this episode revisits financial "reset" themes—especially for higher-income participants. 00:45 – Why This Episode Matters Right Now The brothers recap last year's New Year–focused episode and explain why 2026 brings new wrinkles in the 401(k) world that deserve attention. 01:15 – SECURE 2.0 Roth Catch-Up Rule Explained Introduction of the new rule requiring Roth catch-up contributions for certain high earners: Age 50+Prior-year wages of $150,000+Catch-up contributions must be Roth (after-tax) 02:30 – Who Is (and Isn't) Subject to the Rule Clarification on: W-2 wages (Box 3)Why K-1 partners without W-2 income are exemptCatch-ups are still allowed—just not required to be Roth for exempt participants 03:45 – Implementation Challenges & Plan Decisions Discussion on delayed rollout, transition relief, and why some plans chose to eliminate catch-ups rather than add Roth complexity. 04:10 – Super Catch-Up Contributions (Ages 60–63) Overview of the enhanced "super catch-up": $11,250 limit for ages 60–63What happens when you turn 64Why planning matters during this short window 04:55 – Three Different "High Income" Definitions Breaking down commonly confused thresholds: $150,000 (Roth catch-up rule)$160,000 (Highly Compensated Employee testing)$184,500 (Social Security wage base for 2026) 05:45 – Six-Figure Earners Living Paycheck to Paycheck Why many high earners still feel financially stretched—and how lifestyle expansion plays a major role. 06:45 – Spending vs. Saving: The Real Challenge Why high earners often save well—but still struggle: Lifestyle creepComplex financial livesIncome replacement challenges in retirement 08:15 – Roth Trade-Offs for High Earners Pros and cons of being "forced" into Roth catch-ups: Paying taxes now vs. laterShort vs. long runwaysImpact on retirement income planning 09:50 – Retirement Tax Planning & IRMAA Considerations How different account types affect: Medicare IRMAA surchargesTaxable income in retirementWithdrawal flexibility 10:40 – Why HSAs Deserve Special Attention HSAs as one of the most tax-efficient retirement tools—especially for those uncomfortable with Roth catch-ups. 11:30 – Roth vs. Taxable Brokerage Accounts Why Roth accounts offer long-term advantages over taxable investing for money you don't need immediately. 12:30 – Using Roth Assets Strategically Real-world examples: Large one-time expenses in retirementLegacy planning for heirsFlexibility when income spikes matter 🎯 Financial New Year's Resolutions for High Earners 13:30 – Optimize Your 401(k), Don't Just Max It Why alignment matters more than simply hitting contribution limits. 14:30 – "Above the Corn Stalks" Perspective Bill's analogy for stepping back, gaining clarity, and checking direction—not just reacting to day-to-day financial noise. 15:10 – Small Adjustments, Big Impact Using plan tools, reviewing statements, and making incremental changes that compound over time. 15:55 – 1% Improvements vs. Working Longer Why small efficiency gains may—or may not—outperform delaying retirement, depending on your goals. 16:40 – Keep Emotions Out of Investing Why larger account balances amplify emotional reactions—and how long-term discipline matters more than headlines. 17:55 – Time Horizon Is the Anchor Planning for potentially decades-long retirements and staying focused on the "North Star." 18:25 – Reduce Financial Complexity Why consolidating old accounts: Simplifies decision-makingReduces feesBrings peace of mind 19:50 – Defining "Enough" A candid discussion on shifting goalposts, relationships, and balancing financial ambition with life satisfaction. ✅ January Checklist for Participants 21:00 – Review Beneficiaries Especially important after plan recordkeeper changes—designations may not transfer. 21:40 – Update Contribution Elections for 2026 Key limits: Deferral limit: $24,500Catch-up (50+): $8,000Super catch-up (60–63): $11,250Roth catch-up rules for high earners 22:55 – Review Investment Allocation Confirm your risk level still matches your time horizon and comfort ...
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    26 分
  • The Psychology of Money Decisions

    The Psychology of Money Decisions
    2025/09/11
    Episode Summary In this episode of Inside the Plan with the 401(k) Brothers, Bill and Andy Bush explore the emotional side of money decisions. From procrastination and magical thinking to comparison traps and identity shifts, they share personal experiences, client stories, and practical tips to help listeners overcome financial inertia and build confidence in their financial planning. Key Takeaways ● Math in financial planning is easy; human behavior makes it hard. ● Avoidance, magical thinking, and procrastination delay financial progress. ● Early investing wins thanks to time and compounding interest. ● Comparing yourself to others can lead to discouragement or debt. ● Building habits like auto-enrollment and auto-escalation helps you stay on track. ● Changing your financial identity influences long-term behavior. ● Seeking professional help removes fear and offers accountability. Time-Stamped Chapters 00:00 – Welcome Back & Life Updates Bill and Andy open the episode with personal updates, including summer birthdays, time away for health reasons, and why this break reminded them how unpredictable life—and money decisions—can be. 01:38 – The Psychology of Money Decisions They set the stage for the conversation: financial planning isn't just about spreadsheets and calculators; it's about human behavior, emotions, and sometimes anxiety when decisions have to be made quickly. 03:12 – Common Stumbling Blocks From denial to avoidance, the brothers explore why so many people put off saving for retirement or making big financial moves, even when they know they should start early. 05:47 – Magical Thinking & Procrastination The idea that "my ship will come in" often leads people to delay saving until they expect a windfall, raise, or inheritance—none of which are guaranteed. Bill and Andy talk about why this mindset is so dangerous for long-term planning. 08:05 – Inertia and Procrastination They highlight how lack of clarity creates procrastination. Automatic contributions, small savings goals, and "just getting started" are key steps to overcoming the paralysis of inaction. 10:33 – The Comparison Trap Comparing savings rates or lifestyles to peers—or even celebrities—can lead to discouragement or reckless spending. The brothers emphasize focusing on personal goals and measuring progress against your own plan, not someone else's. 12:11 – Building Positive Financial Habits Bill and Andy discuss automatic enrollment, automatic escalation of contributions, and how payroll deductions make saving easier and less painful—helping savers stay consistent without relying on willpower alone. 15:46 – Overcoming Fear & Identity Shifts The way you talk to yourself shapes your financial habits. By identifying as a "saver" instead of a "spender," you can reframe your behavior and stick with good habits over time, even through setbacks. 18:43 – Seeking Help & Being Vulnerable Bill and Andy stress that financial advisors act as accountability partners. Like going to a doctor, you have to be open about your situation so someone can help you improve it. 21:20 – Final Thoughts & How to Reach Out The brothers close with encouragement to start small, be consistent, and never "worry alone." They provide their contact information for listeners who want to talk about their financial situation. Quotes from the Episode ● "The math part of financial planning is pretty darn easy… but the behavior is tougher." ● "An object at rest tends to stay at rest… so just start with baby steps." ● "My ship's gonna come in… that's what they say, but there's no guarantee." ● "The race is against yourself, not against others." ● "Flip the script on how you talk to yourself—see yourself as a saver." ● "Those first dollars have the longest time to compound." ● "Don't let your voice be the only one. There's no shame in asking for help." ● "It's like going to the doctor—if you don't share what's wrong, you can't get better." Contact Information ● Bill Bush: bbush@horizonfg.com ● Andy Bush: abush@horizonfg.com ● Horizon Financial Group: horizonfg.com Disclosure 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, Andy Bush, and Pete Bush are registered representatives offering securities and advisory services through Cetera Advisors LLC, member FINRA/SIPC, a broker-dealer, and registered investment advisor. Cetera is under separate ownership from any ...
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    23 分
  • Mastering the First Year of Retirement

    Mastering the First Year of Retirement
    2025/07/02

    In this episode, the 401(k) Brothers—Bill and Andy—break down why the first year of retirement is so critical. From crafting a solid income plan to navigating emotional shifts, they cover how to avoid early retirement missteps and make the most of your new lifestyle. With practical tips, relatable analogies, and their trademark brotherly banter, they offer a blueprint for launching retirement on the right foot.

    ⏱️ Chapters & Final Timestamps

    00:00 – Welcome & Why the First Year Matters

    • The emotional and financial significance of retirement's first year
    • How this year sets the tone for future success

    03:00 – Income Projections & Expense Shifts

    • Turning 401(k) savings into monthly income
    • Why expense planning is just as crucial as income planning
    • Common assumptions (e.g., 75–80% of pre-retirement income)

    06:10 – The First-Year Rule: Don't Overspend

    • Sustainable withdrawal rates
    • Planning for "reward" spending like travel or big purchases
    • Being intentional vs. impulsive

    08:45 – Emotional Adjustments & Finding Purpose

    • Losing the structure of work life
    • Maintaining social connections and personal identity
    • Avoiding the "retirement letdown"

    11:15 – Common Pitfalls: Travel, Family, and Overspending

    • Helping kids or grandkids too much
    • Tackling home projects without fully understanding the financial impact
    • Tax-aware withdrawals

    13:30 – The Value of an Ongoing Advisor Relationship

    • Retirement planning isn't "set it and forget it"
    • Real examples of spending too much—or being too frugal
    • Adjusting the plan as life unfolds

    15:45 – Try a Pre-Retirement Test Drive

    • Practicing your retirement budget early
    • How "trial runs" can expose gaps or ease anxiety

    17:00 – Wrapping Up & Key Actions

    • Check in regularly with your advisor
    • Stay intentional with financial and emotional decisions
    • Retirement is a new beginning, not an end

    ✅ Key Takeaways

    • The first year sets habits that shape the rest of retirement
    • Income projections build confidence and guide decisions
    • Be mindful of emotional spending in that first year
    • Unexpected expenses should be anticipated and planned for
    • Retirement is a transition—mentally, socially, and financially
    • Regular advisor check-ins help you course-correct as needed

    🔊 Sound Bites

    • "The first year can really set the tone."
    • "You have to have a good income projection."
    • "Retirement isn't a finish line—it's the start of your next flight."
    • "You can reward yourself—but plan for it."

    📩 Contact the Hosts

    • Bill Bush: bbush@horizonfg.com
    • Andy Bush: ablish@horizonfg.com
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    20 分
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