During this episode of The Confident Wealth Podcast with Bill Bush and Pete Bush, they interview Sean McAllister, Associate at Loeb Law Firm. Sean McAllister discusses how married couples can protect themselves from potential divorce issues, prenuptial agreements and post-prenuptial agreements, budgeting, and domestic cohabitation contracts.   Episode Highlights:   00:28 – Bill Bush and Pete Bush introduce Sean McAllister and recap the previously discussed points from Family Law & Finances- Pt. 1. 01:01 – How does Sean McAllister recommend that married couples protect themselves from potential divorce issues? 02:02 – Prenuptial agreements and post-prenuptial agreements aren’t really that common.  04:12 – What are examples of when it would be a good time to consider a post-prenuptial agreement? 04:50 – How does a domestic cohabitation contract protect marriage partners? 07:20 – What is Sean’s advice for someone to create a budget to work their way through these divorce protections?   09:43 – Family homes aren’t always paid off at the point of a divorce split. 12:05 – Divorces can be a long drawn out process. Set money aside for court costs and living expenses.   13:39 – What happens when you fail to inform yourself about your spouse's assets on the side? 17:20 – Don’t forget to change your insurance and retirement benefit beneficiaries when you get divorced. 19:58 – Make sure your divorce attorney is a good fit with you and your needs. 22:17 – What are some of the resources that people getting divorced should use? 3 Key Points: The nuclear family is diminishing in favor of other alternative living arrangements, such as brothers and sisters living together or parents with their kids. Create a budget that includes the cost of living without your partner, emergency funds, and expenses you wouldn’t normally incur back when you were married. Money doesn’t care about your pride.   Tweetable Quotes: “Louisiana calls for matrimonial agreements, which basically say you can contract anything that isn’t against public policy, public policy being stuff like you can’t contract out of paying child support.” – Sean McAllister “I encourage prenups in situations where somebody has a child from outside of the marriage and brings it into the marriage and there are certain protections you can take to protect that child’s interest or inheritance.” – Sean McAllister “Contracts in Louisiana, if you are a couple and you are not married, you can still make contracts and protect yourself. But Louisiana is a civil law state. It is not common law. So, there is no common law marriage or anything.” – Sean McAllister     Resources Mentioned: Horizon Financial Group The Confident Wealth Podcast bbush@horizonfg.com pbush@horizonfg.com Linkedin: Sean McAllister Sean McAllister’s Email: smcallister@loeb-law.com Sean McAllister’s Phone Number: (985) 612-1946 Loeb Law Firm: loeb-law.com Louisiana Revised Statute 9:315: justia.com/codes/louisiana/2011/rs/title9/rs9-315/  

The Confident Wealth Podcast

Divorce: The Effect on Finances & Family, Pt. 2

During this episode of The Confident Wealth Practice Podcast with Bill Bush and Pete Bush, they interview Sean McAllister, Associate at Loeb Law Firm. Sean McAllister talks about Louisiana Revised Statute 9:315, understanding divorce and finance, and what to expect when children, pensions, property, and tax returns are involved.     Episode Highlights:   00:29 – Bill Bush and Pete Bush introduce the subject of divorce. 01:18 – Sean McAllister introduces himself and his work experience. 02:00 – What was it that pulled Sean towards working in family law? 03:15 – What makes divorce law different in Louisiana? 05:30 – Are divorce stats in Louisiana the same as other areas of the United States? 07:32 – What kind of expenses occur with divorce? 09:06 – One way to prepare for financial downside of divorce is trying to agree on as many costly areas as possible.  10:01 – How should a couple seeking a divorce go about dividing property? 11:11 – In which ways does having kids complicate a divorce situation? 14:38 – Sean McAllister discusses Louisiana Revised Statute 9:315. 14:15 – Seek out financial advice. 17:04 – How are tax returns affected by divorce proceedings? 19:26 – What are some of the issues that come up with pensions and retirement funds during divorces?  21:15 – Seek out financial advice. 23:04 – How are tax returns affected by divorce proceedings?     3 Key Points: If you have kids and you are getting a divorce, the ex-couple has to live separate and apart for a year. If you don’t have kids, you have to live separate and apart for six months. The percentage of married couples that get divorced in Louisiana is about 22-25%. Financial stress is one of the leading causes of divorce.   Tweetable Quotes: “We’re kind of a jack-of-all-trades firm, very multidimensional, work all across the entire state, do a lot of insurance defense, plaintive personal injury, family law. You name it, we will basically do it.” – Sean McAllister “What made me want to be an attorney is that I’ve always been attracted to the idea of representing somebody, and family law is so individual and so personal that, going through a divorce is one of the hardest times in anybody’s life.” – Sean McAllister “The trend across the country is that when the economy is going good, divorces are lower too and when the economy is going bad, divorces kind of go up. Divorces, the rates have been falling over the last couple of decades.” – Sean McAllister     Resources Mentioned: Horizon Financial Group The Confident Wealth Podcast bbush@horizonfg.com pbush@horizonfg.com Linkedin: Sean McAllister Sean McAllister’s Email: smcallister@loeb-law.com Sean McAllister’s Phone Number: (985) 612-1946 Loeb Law Firm: loeb-law.com Louisiana Revised Statute 9:315: justia.com/codes/louisiana/2011/rs/title9/rs9-315/ 

Divorce: The Effect on Finances & Family, Pt. 1

During this episode of The Confident Wealth Podcast with Bill Bush and Mike Hackler bring you the third installment of their Plan, Protect, Prosper series, with the most fun area of interest of the three...prosper. Bill Bush and Mike Hackler talk about how to avoid getting lost in a panic trap while investing, how people become successful at accumulating wealth, why people are afraid of the stock market, and how to prosper while being thrifty.     Episode Highlights:   00:40 – Bill Bush and Mike Hackler present Plan, Protect, Prosper- Pt. 3, with a       focus on prospering.      01:31 – Don’t get lost in your financial planning by getting discouraged. 02:58 – When things start to feel shaky, shift your mindset and adapt. 04:09 – What are the three things that successful people do that separate them              from others?  04:55 – How does someone become successful at accumulating wealth? 06:09 – Bill Bush discusses the importance of being a thrifty person. 06:43 – How does being thrifty tie into investing? 08:00 – How do conversations go when Mike Hackler tells people that he is a financial planner?    12:02 – What does it mean to be a rational investor? 13:00 – Factor inflation into your financial goals. 14:34 – Money can’t buy you happiness and always having to chase money isn’t              happiness either.    . 3 Key Points: Focus on your long-term success and be willing to make short-term adjustments to make major improvements. Successful people do three things that separate them from others: seek advice, make a plan, and take action on that plan.  Wealth accumulators are driven by three main distinct engines: personal initiative, hard work, and being thrifty by spending less than their income.   Tweetable Quotes: “Financial planning, if you are 45 and haven’t done a lick of it, you can’t expect to come into a situation within one year, and have everything, your whole house in order. But it is a process. Continually work it.” – Mike Hackler “If you are a thrifty person, you don’t seek debt nearly as much. You stay out of debt.” – Bill Bush “You have to find that balance between money and making memories with your loved ones and that is where we come in and we help. We will help guide you and be your sounding board and look at your risk.” – Mike Hackler     Resources Mentioned: Horizon Financial Group The Confident Wealth Podcast bbush@horizonfg.com Horizon Office Phone: (225) 612-3820 Mike Hackler’s Email: mhackler@horizonfg.com  

Plan, Protect, Prosper- Pt. 3 with Mike Hackler, CFP®

During this episode of The Confident Wealth Podcast with Bill Bush and Mike Hackler discuss focusing on the things you can control, choices that make investors lose control of their financial goals, and investor performance versus investor behavior. Episode Highlights: 00:30 – Bill Bush and Mike Hacker recap the previously discussed points from Plan, Protect, Prosper- Pt. 1. 00:55 – What do they mean when they say ‘protect?’ 02:43 – Control the things that you can control. 04:00 – How can someone get off track? 05:38 – It is usually a bad idea to follow the herd and sell when everyone panics and sells their investments.  07:07 – You can compare the coronavirus pandemic to how the economy performed during previous recessions. 09:10 – The only time that the stock market and the economy are actually in tandem is during the long-run.  10:45 – Turn to a trusted financial advisor to prevent bad financial decisions during times of panic.  13:08 – What has to happen for you to be happy with your financial progress?   3 Key Points: Horizon Financial Group is more goal-driven, which is a long-term approach to your needs, instead of being performance-driven, which is a short-term approach to your wants. Horizon helps to financially protect clients from themselves, especially during emotional times of uncertainty. The dominant factor of long-term real-life financial outcomes isn’t investment performance; it is investment behavior.   Tweetable Quotes: “We’re more goal-focused and planning-driven, where most everyone else is market-focused or performance-driven.” – Mike Hackler “The things you cannot control, so many people focus on, strictly the day-to-day movements of the stock market.” – Mike Hackler “The main thing you need to control right there is the amount of shares you own. You can control that. If it is one company or its a basket of the greatest companies in the world, or America.” – Mike Hackler     Resources Mentioned: Horizon Financial Group The Confident Wealth Podcast bbush@horizonfg.com pbush@horizonfg.com Horizon Office Phone: (225) 612-3820 Mike Hackler’s Email: mhackler@horizonfg.com 

Plan, Protect, Prosper- Pt. 2 with Mike Hackler, CFP®

In this episode of The Confident Wealth Practice Podcast with Bill Bush and Mike Hackler, Certified Financial Planner who joined Horizon at the end of the summer of 2019, talk about financial planning in three-year blocks of time, the key ingredients of a financial plan, how money is tied to emotions, and ways to take proper action with your planning.     Episode Highlights:   00:51 – Bill Bush introduces Mike Hackler, who shares about his professional              experience. 01:39 – What does it take to become a CFP like Mike Hackler? 02:12 – Where do most people go wrong with financial planning? 03:08 – Don’t give advice in a vacuum. 05:30 – What is the fallacy of making too many random changes to your financial plan? 05:24 – Bill and Mike talk about developing a personal road map. 07:20 – What is the importance of financial planning in three-year chunks? 08:30 – Clients aren’t all the same and they each need plans tailored to their              needs.  10:09 – How does Mike address clients that have gotten outdated advice from          others? 12:32 – How does the fear of acting now affect decision-making? 14:15 – Seek out financial advice. 11:45 – Watch   .   3 Key Points: The biggest mistake in financial planning is a lack of planning. The 3 Essential Elements of a Financial Plan: advice based on the client’s circumstances, money needs to be in service to a particular plan, and no two clients are alike. The 3 Main Emotions that affect financial decisions are: fear, greed, and stupidity.   Tweetable Quotes: “We usually start by asking a question to the degree of you know, if we are sitting here three years from today, looking back at this meeting, what has to happen over that time for you to be happy with your progress?” – Mike Hackler. “You know that you can make progress if you put in a game plan today and in three years from now, you can achieve some of those goals that you set out.” – Mike Hackler. “Emotions are tied to money, always, and when they are tied to money we tend to act irrational. As humans, we tend to leap before we look.” – Mike Hackler.     Resources Mentioned: Horizon FInancial Group The Confident Wealth Podcast bbush@horizonfg.com mhackler@horizonfg.com Mike Hackler: Horizon  

Plan, Protect, Prosper with Mike Hackler,CFP®- Pt.1

In this episode of The Confident Wealth Podcast, Pete and Bill Bush of Horizon Financial Group discuss the market downturn due to the outbreak of the coronavirus, and the declared global pandemic. Pete and Bill talk about strategies you can use to stay positive in scary times when your account value is declining. How can you build, gain, or maintain confidence during trying times? 

Confidence in the Face of Fear

This episode of The Confident Wealth Practice Podcast with Bill Bush and Pete Bush address the problems and issues associated with cybersecurity and how to protect yourself. Learn more about the financial scams that are targeting your credit cards and digital banking accounts. The cybersecurity defenses discussed in this episode can help you build up a stronger wall of protection from becoming a victim.     Episode Highlights:   01:36 – Bill Bush and Pete Bush introduce the topic of cybersecurity. 02:03 – Pete Bush talks about having a credit card compromised. 02:35 – Bill Bush talks about having his email password compromised. 04:07 – Pete and Bill discuss a new cell phone scam to be on the lookout for. 04:52 – Storing your credit card numbers on websites makes you more exposed              for fraud. 05:24 – Create unique passwords. 05:57 – Keep your security software current. 07:30 – Pay attention to your accounts and your updates. 08:02 – Set up alerts for account activity. 09:14 – Check your credit card reports for suspicious activity. 10:24 – Get into a daily habit of checking your cash-flow accounts. 11:45 – Watch out for skimming devices that often happen at gas station pumps. 12:38 – Use cash for small purchases. 13:13 – Look into identity protection. 14:42 – Notify your credit card company when something is wrong and              consider a credit freeze. 16:30 – Go to gov/cyberforsmallbiz for cybersecurity resources. .   3 Key Points: Beware of a new scam where people are taking other people’s cell phone numbers, porting them to a different phone and when the two-factor authorization comes in it goes to their phone instead of the victim’s phone. The best defense is to have a good offense and take proactive steps to limit your exposure to fraud. Check your financial cash-flow accounts daily.   Tweetable Quotes: “Your information is still out there and there are bad people waking up everyday trying to figure out how to take it.” – Pete Bush. “Make sure you have multiple passwords and one for every different account.” – Bill Bush. “The more you shop online, the more your family is out there with cards stored on sites and things like that, you are just more exposed.” – Pete Bush.     Resources Mentioned: Horizon Financial Group bbush@horizonfg.com pbush@horizonfg.com gov/cyberforsmallbiz    

Defending Cybersecurity Threats in Your Financial Life

This episode of The Confident Wealth Practice Podcast with Bill Bush and Pete Bush take a look at the recent college football championship victory of the Louisiana State University Tigers and how the valuable lessons from that win can be applied to achieving your own financial success.     Episode Highlights:   00:30 – Bill Bush and Pete Bush introduce the topic of how the lessons learned from the LSU Tigers college football championship win can translate into one’s financial life. 03:00 – What is the ultraspecific goal that you are setting for your financial year? 04:49 – What is the ‘summer of 10,000 passes?’ 06:41 – DIscipline is needed to make it through the long haul of focusing on your financial future. 08:14 – Have a lot of good options while putting your best investment choices. 08:51 – Coaching played a role in the LSU Tigers and it can do the same in your financial life. 11:07 – How do you go about reloading and rebalancing your investment decisions when your investments overperform or underperform? 13:45 – Pete Bush talks about having played baseball for LSU and taking the small daily steps that are needed to get better and reach goals. 14:42 – There is a time for celebration. Have people to share your wins with. .   3 Key Points: Set one unified goal for your family’s or your company’s financial future just as the LSU Tigers had one unified team goal to win the national championship. Discipline is need to stick with your financial goals on a long-term basis. Advisement offers a continual feedback loop to coach you through your decisions.   Tweetable Quotes: “At the beginning of any year, we need to sit there and we need to look ahead and we need to say, ‘What is it that we’re trying to accomplish?’” – Pete Bush. “You set the goal. But then you go about chipping away at the work that it takes to get there.” – Bill Bush. “You can’t be in your own financial world and in your head and completely understand and see everything.” – Pete Bush.     Resources Mentioned: Horizon Financial Group The Confident Wealth Podcast bbush@horizonfg.com pbush@horizonfg.com      

Lessons from a National Title

This episode of The Confident Wealth Podcast with Bill Bush and Pete Bush is the 9th installment in their series, The Value of Working with an Advisor. During this installment, Bill and Pete talk about the problems associated with not having a will, the value of having an advisor to walk clients through the process of estate planning, organizing and maximizing value, getting help with gift money to causes, how to handle life transitions, and how to prepare for taking care of your parents or other family members in the future.   Episode Highlights:   01:26 – Bill Bush and Pete Bush introduce the topic of leaving a legacy, life              transitions, and caring for others. 02:18 – Everyone can use some coaching. 03:20 – Most people don’t have a will. 04:17 – What is the harsh reality of not having a will? 06:43 – What is the value of having an advisor when leaving a legacy? 08:07 – There is a moment in time when it is too late to designate a power of              attorney. 09:32 – Organization and maximizing value is important. 10:42 – Special needs situations can arise. 12:15 – Gifting is also leaving a legacy. 12:49 – Life transitions and taking care of others are emotional situations and can              lead to emotional decisions.  17:30 – As we age, health and abilities can decline and require help with financial              planning. 18:47 – What is a good way to bring up financial planning with your parents to              make sure they are taken care of in the future. 20:23 – A little bit of prevention is better than a lot of a cure. . 3 Key Points: People falsely assume that estate planning is only for rich people. Advisors can break down the complexity of estate planning into doable action steps for their clients. Death, divorce, kids moving out of your house, and inheritances are often unexpected situations that require financial planning.   Tweetable Quotes: “Most people, some 70%, do not have a will.” – Bill Bush. “Powers of attorney do end when you die. That is when your will kicks in. But at the same time, you are planning against these contingencies that just say, ‘you know, that is a good safety net to have.” – Pete Bush. “For a current income tax-type planning, which has really bubbled up with these new tax law changes, is you can set up a donor advice fund. Even though you may not know who or when you want to gift it yet.” – Pete Bush.     Resources Mentioned: Horizon Financial Group The Confident Wealth Podcast 

The Value of a Financial Advisor: Leaving a Legacy, Life Transitions, and Caring for Others

This episode of The Confident Wealth Podcast with Bill Bush and Pete Bush is the 8th installment in their series, The Value of Working with an Advisor. During this installment, Bill and Pete address the subject of preparing for retirement in a manner that you can feel confident about. What type of retirement goals do you have for you and your spouse? How will your financial needs change during different phases of retirement? What are the various ways financial planners can assist future retirees with proper preparation? Bill and Pete have the answers for you.   Episode Highlights:   01:37 – Bill Bush and Pete Bush introduce the topic of planning for a confident              retirement. 03:17 – Social Security is typically not enough to rely on for retirement. 03:51 – When you get to 50 the clock towards retirement starts ticking. 04:47 – What is the date and amount you need for retirement? 06:09 – What are your retirement goals? 07:29 – What are the three stages that some retirements fall under? 08:04 – How should you go about taking out extra money earlier in retirement? 09:49 – How does healthcare play into retirement planning? 11:15 – Mortgage debt is a huge problem in retirement. 12:06 – Which unique factors should retirement planners prepare for? 13:26 – What are all the things that a financial advisor does to help clients prepare              for a confident retirement? . 3 Key Points: Have a dollar-specific/date-specific plan. The three phases of retirement generally are: checking off dream activities from your bucket list, the slowing down phase, and the older stage of not wanting to do anything. Runaway healthcare costs are the number reason for bankruptcy during retirement.   Tweetable Quotes: “A married couple that is 65, there is a one in two chance that one of them lives to be 90.” – Bill Bush. “It is better for people to think in terms of retiring to something instead of from something.” – Pete Bush. “A lot of times we are recommending going into retirement with no debt of course, going into retirement with a couple of years of cash that you can get your hands on.” – Pete Bush.     Resources Mentioned: Horizon Financial Group The Confident Wealth Podcast 

The Value of Working with a Financial Advisor: Preparing for Retirement

This episode of The Confident Wealth Podcast with Bill Bush and Pete Bush is the 7th installment in their series, The Value of Working with an Advisor. Listen and learn all about how financial advisors can assist you with preparing, analyzing, and guiding your ever-changing financial situation. Bill and Pete point you in the right direction for budgeting, reviewing recurring fees, and overcoming disorganization.   Episode Highlights:   01:45 – Bill Bush and Pete Bush introduce the topic of organizing, monitoring and              guiding your financial life. 02:45 – How can not having a budget becomes a setback? 03:41 – Are you paying too much in taxes? 04:47 – What financial opportunities are you missing out on by being disorganized? 05:40 – Make sure you have a 3-6 month emergency fund. 06:50 – Are you paying too much for insurance? 07:51 – What is your process for reviewing interest rates? 08:52 – Have a plan to have something to measure your financial life against. 09:47 – Are you letting your time management fall apart? 12:06 – Update your plan to adjust to life changes. 14:00 – Not knowing your numbers is a huge mistake. 15:15 – Are you up-to-date on technologies that can help you stay organized? 16:40 – Take advantage of the experience that advisors have to speed up the              process. 17:15 – Financial advisors can simplify the complex situations and minimize fear. . 3 Key Points: Give a name to every dollar that you spend to keep a strong budget Pay attention to interest rates and mortgage rates. The “I will get around to it” excuse is a form of being disorganized.   Tweetable Quotes: “Have you ever stopped and kind of put a price on disorganization might be costing you?.” – Pete Bush. “If you stay ready you don’t have to get ready.” – Pete Bush. “A high percentage of Americans can’t withstand an emergency of even $400 dollars...which is in this day and time nothing.” – Pete Bush.     Resources Mentioned: Horizon Financial Group The Confident Wealth Podcast 

The Value of a Financial Advisor: Organizing, Monitoring & Guiding

This episode of The Confident Wealth  Podcast with Bill Bush and Pete Bush is the 6th installment in their series, The Value of Working with an Advisor. Gain some useful insight on budgeting and cash flow. Find out how financial advisors can help clients get a handle on their budgets, find out where their problematic areas are, and how to go about building healthier spending and savings habits.     Episode Highlights:   00:55 – Bill Bush and Pete Bush introduce the topic of budgeting and cash flow. 02:15 – What exactly is a budget? 03:32 – Do clients that budget have a higher chance to build wealth? 05:39 – What about folks that claim to have their budget in their head? 07:32 – What is the value that financial advisors can bring to budgeting? 09:49 – How can Horizon help young people get started with financial planning? 11:35 – What are some ways that advisors help clients get started with budgeting? 13:51 – How can advisors help clients get debt under control? 14:30 – What can be done about long-term goals and freeing up more money? 15:52 – Where does money leaking out typically go? .   3 Key Points: Review your household budget on a month-to-month basis. Advisors can bring value to a client’s budgeting by showing them how to increase savings and investments, how to reduce spending. Money can’t bring you happiness. But, if you are worried about money, it is hard to be happy.   Tweetable Quotes: “What a budget is, is the matching of income and outflows. The matching of income and expenses.” – Pete Bush. “There is some stat out there I read recently that says most people can’t afford an emergency of over $400. And that’s not much in this day and age.” – Pete Bush. “If you fail to plan, you plan to fail.” – Pete Bush.     Resources Mentioned: Horizon Financial Group The Confident Wealth Podcast  

The Value of an Advisor: Budgeting & Cash Flow

  This episode of The Confident Wealth Podcast with Bill Bush and Pete Bush continues on as the 5th installment in their series, The Value of Working with an Advisor. Learn more about the inherent risks we have, and how we can manage them from a financial advisement standpoint.     Episode Highlights:   01:56 – How does insurance come into play with life and death situations? 02:40 – What are you doing to manage your downside risk? 04:05 – There is a cost to waiting too long for insurance. 05:56 – Bill Bush shares a personal insurance story. 07:05 – Why do some folks underestimate their insurance needs? 08:52 – How does an advisor go about managing inherent risks? 10:19 – Usually there are financial incentives to get insurance evaluated. 11:27 – Motivate clients to take actions on steps towards their insurance needs. 13:01 – Focus on the difference between the cost of the insurance premium and the cost of the problem.   3 Key Points: The cost of the solution is always a fraction of the cost of the problem. Evaluate your need to find potential solutions for it. The steps for an advisor to manage a client’s inherent risks include: full analysis, figure out what is already in place, see if there are any gaps that need to be filled, keep reviewing, and motivate people.   Tweetable Quotes: “Life is going to happen. Thus, death is going to happen too. And of course, that can leave a big financial hole in a family or a business.” – Bill Bush. “It’s important to separate out the cost of the problem from the cost of the solution – Pete Bush. “You should monitor your beneficiaries, kind of review that, maybe in an annual review with an advisor.” – Bill Bush.     Resources Mentioned: Horizon Financial Group The Confident Wealth Podcast  

The Value of an Advisor: Managing Inherent Risks

In this episode, we dig deeper into the conversation about how a financial advisor adds value. In this fourth installment of this ongoing series we delve into the strategies and advantages of managing and minimizing your taxes. No one wants to pay too much in taxes. Learn about the right way to have your tax professional implement deductions, tax credits, taxable events, HSAs, and Roth conversions.   Show Notes:   1:11 - Are you sure that you aren’t paying too much in taxes 4:08 - Don’t miss available deductions and tax credits 6:00 - Horizon Advisor Network looks back at old returns to find savings 8:06 - Certain investments produce tax credits 8:17 - Coordinate taxable events with your CPA or tax professional 9:07 - The higher you go, the higher amount of tax opportunities you can use 9:31 - What are the advantages of using HSAs 11:14 - How can you make Roth conversions work for you 12:05 - Horizon can help you coordinate charitable givings     3 Key Points: Know the right questions to ask your taxes and financial advisors to confirm you aren’t paying too much in taxes. Changes to your tax bill have to be done before December 31st of the tax year. In 2019, you can put $19,000 in your 401K plan.   Tweetable Quotes: -    “Who wants to pay the government more than they really need to?” – Bill Bush - “Are you confident that your tax and financial advisors have proactively turned over all of the stones to minimize your tax bill?” – Pete Bush - “How would you overpay? Well, you would miss a deduction. You miss a strategy there where you could have reduced your tax bill.” – Pete Bush       Resources Mentioned:   https://confidentwealth.libsyn.com Horizon Financial Group 

The Value of a Financial Advisor: Managing and Minimizing Taxes

  In this episode of The Confident Wealth POdcast, Bill Bush and Pete Bush, Advisors at Horizon Financial Network, continue their series on how financial advisors offer value. This time, they discuss planning and managing investments including the typical mistakes that investors make and how advisors can help them avoid those mistakes.     Show Notes:   0:35--- Introduction of the financial advisor series 2:10--- The logical and emotional sides of investing 5:55--- What studies say about investing with and without advisors 6:30— Investor behavior is the most important factor that affects an investor’s bottom line 7:50--- The common mistakes that investors typically make 10:58--- Why people make multiple mistakes at one time 12:00--- Disciplined investment is integral 12:35--- Talking through investment processes is helpful 14:30--- How advisors help increase your bottom line 17:35--- The average investor does not have the expert knowledge of a financial advisor 18:30--- Advisors can make adjustments along the way 19:20--- The next episode in the series will have to do with taxes     3 Key Points:   Investors typically make emotional mistakes. When investors make mistakes, they typically make several together.  Financial advisors help in a few major ways - saving time, providing expert understanding.   Tweetable Quotes: -        “The herd is usually wrong. They’re always doing the thing that they shouldn’t be doing.” -     “Most people don’t make one of these mistakes isolation, they make them in conjunction with each other.” -     “Make sure you worry with someone.”   Resources Mentioned:   The Confident Wealth Podcast-- Discover more about the Podcast Horizon Financial Group   Contact Information: bbush@horizonfg.com pbush@horizonfg.com 

The Value of an Advisor: Planning & Managing Investments

The Confident Wealth Podcast is a production of Horizon Financial Group. Each episode explores tips, strategies, and perspectives for building, maintaining, and growing CONFIDENCE in your financial life.

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The Confident Wealth Podcast

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