Horizon Advisers Unleashed Podcast

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.

Ryan and Andrew discuss the topic of control and money. It is a thought-provoking question that many people may never ask themselves or think about. We believe that if you're confident in your financial plan, you have a better shot at controlling your money and allowing it to work for you. Part of being in control of your money is the psychology behind it. You must act and think in a certain way.

Jody Hall started her career in the 1980s. At that time, there were approximately 10% women studying engineering and far less than 10% women practicing engineering. Fast forward to today and the numbers are a bit different, certainly overall the number of women in science fields has increased. However, there are many areas where there are curiously lower numbers, such as in metallurgy - a subfield in Materials Science & Engineering. When I retired in February 2020, I found I was still hearing too many stories about how women felt they had to work harder to achieve the same status as men. Although I’ve heard a lot of encouraging news about changes in the work environment, I feel sharing conversations with women who have had interesting career paths will help mentor and support others, especially in these areas where there aren’t a lot of role models or mentors . My focus is on why women choose these fields, what they can bring to the table, and why it is a good fit.

Ryan, Andrew, and Alex discuss what it means when feds raise interest rates. Why are they doing this? What does this mean for you? You will learn that this is a tool the government can use to fight inflation. We haven’t had much inflation for many years now. In addition, interest rates have been historically low. This could help or hurt you depending on your financial situation.

Ryan and Andrew talk with Jody Hall about her trip to New Zealand. Jody had a great career, as she retired, she and her husband planned a trip to New Zealand to celebrate. Does anyone know what happened in March 2020? They landed in Australia in March and hopped over to the Island a couple of days later, only to find out they were going into lock down. They ended up being out there for 100 days. Listen to her stories and how they got through the situation.

Ryan, Alex, and Andrew discuss the correlation between precious metals prices and inflation. Using the 3 charts, they explore the history of gold and silver prices. Then discuss what happened to those prices during inflationary periods of time. There is nothing wrong with owning precious metals, but we have to always be diversified.

https://www.usinflationcalculator.com/inflation/historical-inflation-rates/

https://www.macrotrends.net/1333/historical-gold-prices-100-year-chart

https://www.macrotrends.net/1470/historical-silver-prices-100-year-chart

Ryan, Alex, and Andrew discuss an article written by Lisa Firestone, Ph.D. about money stress. It is a well written article that discusses this topic and ends with 5 helpful tips when attempting to actively free yourself from these limiting attitudes. In the article it also discusses the “critical inner voice,” which is a powerful concept that you must pay attention too!

https://www.psychalive.org/money-stress-why-we-feel-bad-about-money/