Summary

In this episode of The Runway Decade Podcast, Bill and Pete Bush of Horizon Financial Group and authors of the book The Runway Decade,  discuss the various strategies and financial vehicles available to help you achieve your retirement goals. They dive into the importance of planning for a potentially lengthy retirement, managing risk versus volatility, and the significance of having the right tools to ensure financial success.

‍

Key Topics Discussed:

• [00:00] Planning for Retirement: Funding Your Desired Lifestyle
• Understanding where you are now and where you want to go.
• The importance of having a clear vision for your retirement lifestyle.
• How to fund your retirement goals with discretionary cash and investments.
• [03:04] Understanding Risk and Volatility in Investing
• Clarification of the difference between market risk and volatility.
• The importance of staying invested in equities to combat inflation.
• Reference to Sir John Templeton's quote on market behavior.
• [05:22] Investing in Large Companies as an Inflation Hedge
• Discussion on how big companies and the S&P 500 play a role in long-term growth.
• The impact of inflation on purchasing power and the importance of investing in equities.
• [07:46] Avoiding Common Investment Mistakes
• Discussion on different financial products like annuities, bonds, and equities.
• Avoiding common investment mistakes, particularly in tax planning.
• [09:42] The Importance of Personalized Financial Advice
• The significance of working with a financial advisor who can provide personalized guidance.
• Avoiding the "one-size-fits-all" approach to retirement planning.
• [17:30] Building a Diverse Portfolio with Different Investment Tools
• The importance of having a diversified investment strategy.
• Matching the right financial tools with your retirement goals and the role of various investment vehicles.

‍

Quote of the Episode:

"Among the most dangerous words in investing are, 'It's different this time.'"

‍

Closing Remarks:

• Reminder: Your retirement plan should be as unique as you are. The right tools and strategies will vary based on individual circumstances.
• Next Steps: Consider consulting with a financial advisor who can help you navigate your specific retirement journey with a tailored approach.

‍

‍

Resources Mentioned:

• www.runwaydecade.com
• www.horizonfg.com

‍

You may also listen and subscribe to The Runway Decade Podcast here: