Horizon Advisers Unleashed Podcast

Ryan and Andrew discuss an article they recently read. A reader had a question about asset allocation pre-retirement. We get this question all the time. The answer is very easy for us. It depends as everyone has different goals and needs. We believe you need to have a plan and establish a timetable of when you are going to need the money. Based on time horizon, you then can create a portfolio/allocation tailored to when you need access. There is no one size fits all answer.

https://www.marketwatch.com/story/is-my-financial-planner-crazy-were-55-and-60-five-years-from-retirement-and-were-told-we-should-invest-more-aggressively-7119ccd5

Ryan, Alex, and Andrew start off by discussing Andrew’s recent trip to South Africa to go on a safari with family. Andrews talks about his top highlights. Then we go into 5 recent questions we received from listeners.

Ryan, Alex, and Andrew discuss the important of consolidation. Many people have multiple bank accounts, investments, insurance, ect…It is hard to manage your situation when things are all over the place. We find titling and beneficiaries hardly ever match up. When a death or incapacity happens it also creates more companies to deal with. Listen in for some tips on what to look for and how to start creating change that will put you in a more organized position.

Ryan and Alex are excited to have their 100th
episode recorded. This is a big accomplishment for the team and shows their commitment to education. They have recorded 1 episode per week so they are nearing 2 full years. They discuss Horizon Advisers and how they got to where they are now. Many big improvements coming up for 2023. They are excited about their position in the industry. They have years of experience, processes, and a team that helps deliver a high level client experience through financial planning.

Ryan, Alex, and Andrew discuss the Secure act 2.0. This was passed by congress and signed by Biden December 29, 2023. The year prior they passed the Secure Act. These acts are part of the spending bill and have implications to all retirement plans. We like many aspects of this legislature. Some nice changes to group retirement plans. The RMD ages are going up and much more. Listen in to see how this may impact you situation.

Ryan, Alex and Andrew have a conversation about health savings accounts. These accounts can have many benefits now and in the future for your health care needs. There are tax advantages to using these types of accounts. To be eligible for this type of account you must have a proper high deductible health insurance plan. Listen in to see if an HSA account would be right for you and the benefits it offers.

Ryan, Alex, and Andrew discuss the article they found in Fox News. There are studies that show only 38% of Americans have discussed their aging parents’ finances. This can be a complex topic depending on how the family communicates. We believe having these conversations up front before something happens can lead to a better result. It also allows the aging parent’s wishes to be adhered to. Listen in to see how and what you may want to talk about.

https://www.foxbusiness.com/lifestyle/thirty-eight-percent-americans-have-discussed-their-aging-parents-finances

Andrew and Ryan discuss hobbies and why they are important for your well-being. Do you have any hobbies? Independence is an important aspect of retirement. Hobbies occupy your time and provide a rewarding feeling of accomplishment, which may be able to fill the void that your job had in your life.

Ryan K., Andrew and Ryan H. discuss the IRS 10% penalty on early distributions from qualified retirement accounts. Is the rule unfair? Most Americans save majority of their retirement nest egg into these kinds of accounts. Understanding the consequences of distributing money from these accounts pre 59 ½ is very important. There are several exceptions to the rule that you should understand before making any sort of withdrawal. Listen in to learn more.

Ryan, Alex and Andrew discuss year-end planning. The calendar year has flown by! Have you accomplished your annual goals? Now that we are already at the beginning of the year, there are several financial items you may want to address as we wrap up 2022.