Horizon Advisers Unleashed Podcast

Ryan and Andrew discuss rental units. Many people approach them and ask if they're a good investment. They talk about the pro’s and con’s along with what to consider before starting the process. Rentals can require a lot of time and effort along with your money. They also talk about some of the risks involved.

Ryan and Andrew love to discuss change. With the new year coming up, many people start looking into 2024, saying “what do I want that is different?” It may be a new car or house. It may be getting a new job or even retiring. Finding a better overall sense of happiness. Trying new things or hobbies. Look ahead and see a few things you could work on and start taking baby steps in the right direction.

Ryan and Alex discuss the overall market. What is the S&P 500 and how does it work. Can you compare a diversified portfolio to the S&P?  What is a large cap, mid cap, and small cap stock? They also discuss current events and how they may impact you looking forward.

Ryan and Andrew have a conversation about what to be thinking about going into the end of the year. The year is flying by, and it is a good time to pause and make sure you are going to hit your goals for the year. Whether they were personal goals or financial goals you still have time to impact them. They discuss a list of items you may want to look at.

Andrew and Ryan discuss some options you might want to take advantage of if you are sitting on “extra” cash. Cash is one of those things that make people feel comfortable. In recent months, there have been opportunities to earn better interest than years prior. Listen in to some of these examples. A financial plan can also help determine what the right amount of cash is.

Ryan and Andrew discuss a common problem we see. Many people can’t break out of living paycheck to paycheck. The minute you think you break it a big, unexpected bill comes on. They discuss how to look at your situation and create a plan to break this cycle. One important step is self-awareness. Then it is the desire to take action.

Andrew and Ryan discuss 7 Happy Habits that retirees should strive for, according to Kiplinger.

https://www.kiplinger.com/retirement/happy-retirement/601160/7-surprisingly-valuable-assets-for-a-happy-retirement

Andrew and Ryan discuss the proposed 2024 economic budget and tax changes issued by the Biden administration.

https://www.whitehouse.gov/omb/briefing-room/2023/03/09/fact-sheet-the-presidents-budget-for-fiscal-year-2024/#:~:text=The%20Budget%20repeals%20the%20Trump,more%20than%20%24450%2C000%20per%20year.

https://taxfoundation.org/research/all/federal/biden-budget-tax-proposals-analysis/

https://www.cnbc.com/2023/03/09/president-bidens-proposed-2024-budget-calls-for-top-39point6percent-tax-rate.html

Ryan and Alex discuss the need to review insurance. Many people carry multiple types of insurance. Could be home, auto, health, life, umbrella, etc.…The cost of these coverages can add up and rarely stay flat in price over time. It is important to look at your coverages and determine if you are adequately insured and paying the best prices. Listen to understand the types of insurance they carry and how they look at them periodically.

Andrew and Ryan discuss a recent article about the upcoming changes with student loan debt. Over the last 3 years taking effect around covid, there has been a freeze on the need to make payments and no interest was being charged. This is changing coming up in September of ’23. If you have student loans this is the time to be proactive to make sure you are not caught by surprise. Also if you are a parent, back to school can come with some additional expenses you will want to prepare for.

https://www.cnbc.com/2023/08/13/56-percent-of-student-loan-borrowers-will-have-to-choose-loans-or-necessities.html