Advertise on podcast: Inside The Plan With The 401(k) Brothers

Bill and Andy Bush open with a deceptively simple question: when was the last time you actually logged into your 401(k)? From there, they walk listeners through a practical, no-math check-up of everything worth reviewing the next time you pull up the app — your balance, your contribution rate, whether you're leaving match money on the table, Roth versus pre-tax, how you're actually invested, your rate of return, beneficiaries, and old accounts you may have left behind. Along the way they tackle the traps that quietly derail savers: settling for an auto-enrollment default, a 30-year-old sitting in a target-date fund built for someone already retired, checking your balance so often that you sabotage your own returns, and forgetting that beneficiary designations don't follow you when a plan changes record keepers. The brothers close with the "$487,000 question" — is it enough? — and a run of C-words (clarity, context, confidence, conviction) that turn a quick login into a real sense of where you stand. ⏱ Episode Timeline & Key Topics 00:10 – Welcome & the One Question Bill kicks off by asking Andy when he last logged into his 401(k). Andy's answer — last week, to check his year-to-date numbers and confirm his investments still fit — sets up the episode's theme. 01:00 – What This Episode Covers (No Math Required) The brothers lay out the plan: a walk-through of what to look for when you log in. Their suggestion to listeners — pull out your phone or laptop and follow along in real time. 01:23 – Most Logins Are Now Mobile More participants are checking balances on the app than ever. Fidelity reports a majority of logins now come from mobile, while Vanguard sits a bit lower — a reflection of how people manage money today. 01:46 – Start With Your Balance The first and most obvious thing to check. It's the number most people look at first, and it anchors everything else in the review. 01:55 – Check Your Contribution Rate A common trap: savers get excited, enroll when first eligible, then never revisit their elections. "Life happens," and the contribution rate they set years ago quietly becomes the rate they still have. 02:30 – Is Your Contribution Moving You Toward Your Goal? Andy encourages listeners to connect the contribution to the destination. If you've paid off a car loan or freed up cash, consider directing some of it into the plan. Also worth knowing: how often your plan lets you change contributions, which varies from quarterly to every pay period. 03:25 – Rules of Thumb: 50/30/20 and 10–15% The brothers revisit budgeting guidance — 50% needs, 30% wants, 20% savings — and narrow it to the widely cited 10% to 15% of income aimed at retirement, including any employer match. 03:58 – Why 15%? The Math of a 40-Year Runway Andy explains the logic behind the T. Rowe Price 15% benchmark: contribute at that rate across a full working career and you reach 65 with real options. The habit of putting money in matters as much as how it's invested. 04:44 – Don't Settle for the Auto-Enrollment Default Many plans auto-enroll new hires at 3%, 4%, or 5%. That's a starting point someone else chose for you, not a decision you made — and it's rarely enough on its own. 05:18 – Auto-Escalation: Out of Sight, Out of Mind Some plans let you automatically bump your contribution 1% a year. It works precisely because it happens in the background, nudging your savings rate up without requiring willpower each year. 05:38 – Don't Assume the Match Is the Finish Line A classic match of 50% on the first 6% means a 6% deferral gets you a 3% employer contribution. Helpful, but the brothers are blunt: it's probably not enough to get you where you want to go. 06:36 – Roth vs. Pre-Tax There's tax favorability on both sides. Younger savers in lower brackets often lean pre-tax to stretch each dollar, while the Roth choice hinges on which end of your life you'd rather take the tax benefit. Roth has been available in 401(k)s for about two decades and is now offered by the vast majority of plans — and SECURE 2.0 now requires certain high earners' catch-up contributions to be Roth. 08:25 – What Are You Actually Invested In? Some participants set an allocation 10 or 15 years ago and never looked again. Whether that's a problem depends on your age and risk tolerance, because corrections happen — and a 10% drop feels very different on $50,000 than on $500,000. 09:22 – Don't Day-Trade Your 401(k) A 401(k) is a long-term vehicle, and most menus are built on mutual funds that price once a day. The brothers cite a striking pattern: participants who log in most often tend to see worse returns than those who set it and forget it. 10:40 – Target-Date Funds and Fitting the Allocation to You Target-date funds offer a single, age-appropriate option that rebalances over time. But allocations drift, and your mix has to fit you — not your brother or your coworker. Case in point: an audit that turned up a 30-year-old sitting in a Target 2020 fund. 11:51 – How Am I Doing? Rate of Return in Context A year-to-date return only means something alongside your time horizon and what you're invested in. A financial plan is the North Star, and record-keeper tools can show whether saving more or working one more year meaningfully moves the needle. 14:06 – Life Changes, Beneficiaries & a Free Tip Marriage, a new baby, a divorce, or a job change can all call for updates — especially beneficiaries. Bill's free tip: when a plan switches record keepers, beneficiary designations don't transfer, so go back in and re-name yours. 15:05 – Build a Review Habit Set a recurring reminder — a birthday, or July 1 as the year's midpoint — to check your beneficiaries and elections, the same way you'd schedule a routine doctor's visit. 16:32 – Old 401(k)s: Consolidate, Watch Fees, or Roll to an IRA Most plans allow roll-ins, and consolidating scattered accounts can simplify your life and reduce duplicated administrative fees. Alternatively, rolling old accounts into an IRA can open the door to guidance from a local advisor. 18:13 – The $487,000 Question: Is It Enough? Seeing a big balance prompts the real question. The answer depends on your age, your runway, and your spending. The math of retirement income is the easy part; the psychology of shifting from saving to spending after 40 years is the hard part. 20:36 – Clarity, Context, Confidence — and the Rest of the C-Words Andy ties it together: getting clear on where your 401(k) stands, in context with your other assets, builds the confidence to make changes. Bill and Andy stack on conviction, coach, and finally close. 22:16 – Recap & How to Reach the 401(k) Brothers A quick checklist recap — balance, contributions, match, Roth versus pre-tax, investments, beneficiaries, old accounts — before Bill and Andy sign off. Brothers, but not twins. ✅ Key Takeaways Quick Reference •             Actually log in — most participants set things once and forget them; a periodic login is the single easiest way to catch what's drifted •             Your balance is the start, not the whole story — check it first, then work through contributions, match, allocation, and beneficiaries •             Don't accept the auto-enrollment default — a 3% to 5% starting rate is a choice someone else made for you, and it's rarely enough •             Aim for 10% to 15% of income, match included — contribute at that rate over a career and you reach retirement with options •             Turn on auto-escalation if you can — a 1%-per-year bump works because it happens in the background •             Match is a floor, not a finish line — 50% of the first 6% is a good start, but usually won't fund the retirement you want on its own •             Roth vs. pre-tax is personal — younger, lower-bracket savers often favor pre-tax; the right answer depends on when you'd rather take the tax benefit, and you can do both •             Make your allocation fit you — a 30-year-old has no business in a Target 2020 fund; match risk to your age and time horizon •             Don't over-manage — 401(k)s are long-term, mostly-mutual-fund vehicles; frequent tinkering tends to hurt returns •             Beneficiaries don't transfer when record keepers change — re-name them any time your plan changes providers, and after major life events •             Consolidate old accounts — rolling scattered 401(k)s together simplifies your life and can cut duplicated fees, or roll to an IRA for advisor guidance •             Clarity creates confidence — knowing where you stand, in context with everything else, is what lets you make good decisions and stick with them 📌 Contact the 401(k) Brothers •             Bill Bush: [email protected] •             Andy Bush: [email protected] 📌 Closing Disclaimer The views depicted in this material are for information purposes only and are not necessarily those of Cetera Advisors, LLC. They should not be considered specific advice or recommendations for any individual. Neither Cetera Advisors, LLC nor any of its representatives may give legal or tax advice. Pete Bush, Bill Bush, and Andy Bush are registered representatives offering securities and advisory services offered through Cetera Advisors, LLC. Member FINRA/SIPC, a broker-dealer and registered investment advisor. Cetera is under separate ownership from any other named entity. 15015 Jamestown Boulevard, Suite 100, Baton Rouge, LA 70810. Before deciding whether to retain assets in a 401(k) or roll over to an IRA, an investor should consider various factors including, but not limited

Bill and Andy Bush open with the one regret they've never heard from a retiree: "I saved too much." Drawing on conversations with plan participants, they explore the regrets people do voice — wishing they'd started earlier, stayed invested, or captured more of the company match — and why those missed opportunities can't be recovered once a contribution year lapses. The brothers make the case for balance, weighing Bill Perkins' "Die with Zero" philosophy of enjoying the here-and-now against the risk of shortchanging your future self. Along the way they dig into maximizing the match, the underused 50-plus and 60-to-63 "super" catch-up contributions, the new Roth catch-up rule for high earners, and the triple-tax-advantaged power of the HSA. They close with a mid-year nudge to review your savings rate and a reminder that money should buy choices, not guilt. ⏱ Episode Timeline & Key Topics 00:03 – Welcome & The Regrets We Hear Bill and Andy open the show with the common regrets they hear from plan participants: "I wish I'd saved more," "I wish I'd stayed in the market," "I wish I'd started earlier," and "I wish I'd taken the match longer." 00:53 – The One Regret Nobody Voices Nobody ever says they saved too much. Andy reframes the goal as balance — saving for later without abandoning a reasonable lifestyle now, or vice versa. 01:34 – Why Retirement Feels Too Far Away Bill notes how "retirement feels far away" leads people to defer saving, even though early dollars have the most time to compound. Life gets expensive as competing priorities — marriage, kids, college, car and house payments — crowd out saving. 02:08 – "Die with Zero" and Valuing What Feels Endless Andy shares Bill Perkins' insight from "Die with Zero": when something feels abundant or endless, we don't fully value it — which is exactly the trap with retirement saving that still feels far off. 02:53 – Missed Opportunities, Not Saved Dollars People nearing retirement rarely regret the money they saved; the regret is around opportunities missed. Each year's contribution limit lapses and can't be refilled later. 03:34 – Deathbed Regrets and Living with Balance Andy recalls that the biggest end-of-life regrets are rarely about working harder — they're about relationships, taking risks, and speaking up. The takeaway: plan forward for a long life while keeping balance today. 04:41 – Know How Your Company Match Works Bill urges participants to understand and maximize the match — an instant return, whether dollar-for-dollar or 50 cents on the dollar — and to capture that opportunity every year. 05:06 – When "Just the Match" Isn't Enough Andy raises the flip side: maxing the match may still fall short. The key questions are whether a match exists, what it is, and whether hitting it will actually be enough for your situation. 05:50 – Catch-Up and Super Catch-Up Contributions Bill covers catch-up contributions starting at age 50 and the SECURE 2.0 "super" catch-up for ages 60 to 63. Despite peak earning years, usage is low — roughly 5% of eligible 50-plus savers per the Public Retirement Research Lab, and low teens in Vanguard's How America Saves. 06:49 – Freeing Up Dollars in Your 50s As kids leave home and certain expenses fall away, your 50s can be a window to put more toward retirement — after assessing where you stand on your savings track. 07:39 – The New Roth Catch-Up Rule for High Earners Bill explains the rule rolled out this year: high earners (making $150,000 or more with an employer the prior year) who are 50-plus must make catch-up contributions as Roth. Some savers are balking — even skipping catch-ups entirely — rather than going Roth. 08:19 – Roth vs. Taxable: Why the Rule May Be a Gift Andy points out that money saved outside the plan gets taxed on dividends and gains along the way, while Roth is taxed up front and then grows and distributes tax-free. Bill notes high earners often can't deduct a traditional IRA anyway. 09:16 – The Value of Tax-Advantaged Space and the HSA The brothers highlight the range of tax-advantaged vehicles — 401(k), IRA, and the HSA, the triple-tax-advantaged account tied to a high-deductible health plan that blends the best of Roth and pre-tax. 09:49 – HSAs, Healthcare Costs, and Reimbursing Yourself Later Andy explains why the HSA may be the best retirement vehicle: healthcare becomes a bigger expense with age, and saving receipts now lets you reimburse yourself tax-free years later for big-ticket costs. 11:09 – An HSA Catch-Up Strategy for Couples Bill shares a lesser-known tip: when both spouses are 55-plus, the family contribution plus two catch-ups is allowed — but the second catch-up must go in a separate HSA. IRAs and HSAs can be funded up to the April tax deadline. 11:59 – Planning for Taxes Down the Road Andy notes most people focus only on today's taxes and overlook RMDs and legacy planning. Structuring your accounts thoughtfully can improve your future tax picture without costing much now. 12:35 – Can You Actually Save Too Much? Back to the opening question: yes, it's possible — high earners who live well within their means, or those who live so frugally the balance tips too far toward later at the expense of enjoying now. 14:01 – Money Should Buy Choices, Not Guilt Bill frames it as the balance of financial security and financial sacrifice. Savings should give you more choices in retirement — not maximize an account balance for its own sake. 15:08 – Confidence Scores and the Science of a Plan Andy describes the individual financial planning process: taking inventory of assets, income sources, and expenses to produce a confidence score across retirement ages, factoring in Social Security timing, Roth conversions, RMDs, and guaranteed income. 17:04 – Mid-Year Savings-Rate Checkup At the midpoint of 2026, Bill encourages listeners to review what they've saved in the first six months and adjust for the second half, aiming for a household savings rate near the often-cited 15% (including any match). 18:10 – "My Spouse Handles That" Andy addresses participants who leave saving entirely to a spouse — trust is great, but both partners should know whether the plan will be enough down the road. 18:39 – Wrap-Up: Better to Have Extra Than Be Short Bill contrasts arriving at retirement with $200,000 extra versus $200,000 short. Savings rates matter and long-term thinking gets you there. The brothers close with contact info — brothers, but not twins. ✅ Key Takeaways Quick Reference •             Nobody regrets saving — they regret missed opportunities — each year's contribution limit lapses and can't be refilled later, so capture it while you can •             Aim for balance, not extremes — don't sacrifice today's life entirely for the future, or the future entirely for today •             Start early to let time do the work — early dollars have the most time to compound, even when retirement feels far away •             Understand and maximize your match — a dollar-for-dollar or even 50-cents-on-the-dollar match is an instant return you should capture every year •             Maxing the match may not be enough — check whether hitting the match actually funds the retirement you want •             Use catch-up and super catch-up contributions — available at 50, with an enhanced amount for ages 60 to 63, yet only about 5% of eligible savers use them •             The Roth catch-up rule can work in your favor — high earners ($150K+) doing catch-ups must go Roth, which grows and distributes tax-free rather than getting nibbled by taxes in a taxable account •             The HSA may be your best retirement vehicle — triple-tax-advantaged, and you can save receipts now to reimburse yourself tax-free later •             Plan for future taxes, not just today's — think about RMDs, Roth conversions, and legacy before they arrive •             Money should buy choices, not guilt — the goal is confidence and options in retirement, not the biggest possible balance •             Do a mid-year savings-rate check — review the first six months and adjust; a common benchmark is around 15%, including any match 📌 Contact the 401(k) Brothers •             Bill Bush: [email protected] •             Andy Bush: [email protected] 📌 Closing Disclaimer The views depicted in this material are for information purposes only and are not necessarily those of Cetera Advisors, LLC. They should not be considered specific advice or recommendations for any individual. Neither Cetera Advisors, LLC nor any of its representatives may give legal or tax advice. Pete Bush, Bill Bush, and Andy Bush are registered representatives offering securities and advisory services offered through Cetera Advisors, LLC. Member FINRA/SIPC, a broker-dealer and registered investment advisor. Cetera is under separate ownership from any other named entity. 15015 Jamestown Boulevard, Suite 100, Baton Rouge, LA 70810.

Bill and Andy Bush are fresh off the 2026 NAPA Summit in Tampa and dive into two headlines pulling retirement savers in opposite directions. On one side, Elon Musk says AI and robotics will make squirreling money away for retirement unnecessary within 10 to 20 years. On the other, a new Trump IRA executive order aims to close the coverage gap for the roughly 56 million workers without an employer-sponsored plan — including a 50% Savers Match on the first $2,000 contributed. The brothers weigh the assumptions behind the "abundance" thesis, revisit Social Security's 2033 trust-fund cliff, and remind listeners that access doesn't create retirement success — behavior does. They wrap with takeaways from NAPA, including Andy's technology panel, the rebrand of Retirement Plan University into "401(k)eso," and the industry's pivot from in-plan lifetime income to AI and longevity planning. ⏱ Episode Timeline & Key Topics 00:00 – Welcome & NAPA Recap Setup Bill and Andy open the show fresh off the NAPA Summit in Tampa — more than 1,500 advisors and 3,000 total attendees at the industry's largest retirement-focused gathering. 00:27 – Elon Musk's "Don't Save for Retirement" Quote Musk is quoted saying don't worry about squirreling money away for retirement in 10 or 20 years — it won't matter. The brothers unpack why that headline rattled the retirement industry. 01:22 – Saving as a Behavior, Not a Bet Andy frames saving as a behavior tied to a financial plan — your "North Star." You might drift, but the plan keeps you heading in the right direction regardless of headlines. 02:11 – The Abundance Thesis and Its Big Assumptions Bill walks through Musk's logic: robots replace labor, productivity surges, costs collapse, goods and services get cheap, and a government income arm fills the gap. 02:54 – Will Cheaper Tech Translate to Cheaper Living? Andy questions whether AI-driven cost reductions will actually reach essentials like food and healthcare — and whether any resulting abundance would be evenly distributed. 04:21 – Exponential Innovation and the 2025 Autonomous-Car Prediction A flashback to a 2015 conference forecast that most drivers would be hands-off by 2025 — a reminder that transformative-tech timelines are usually optimistic. 05:47 – Healthcare, Longevity, and Costs That Don't Disappear Even in a high-productivity future, aging, long-term care, and healthcare costs still require dedicated planning. Tech doesn't repeal longevity risk. 06:07 – Robotics in the Home and Long-Term Care Andy sees real promise in robotics for elder care — lifting fallen seniors, supporting daily tasks — but notes cost and functionality are still well short of household-ready. 07:23 – Don't Stop Saving Because of a Headline Even if Musk is directionally right, the timeline is uncertain. The takeaway: don't pivot your plan based on a soundbite. And don't stop believing. 07:50 – The Trump IRA Executive Order Bill introduces the newly announced Trump IRA, designed to close the coverage gap for the roughly 56 million workers without an employer-sponsored plan. 08:36 – The Savers Match and What It Means A 50% match on the first $2,000 contributed — effectively a reworked Saver's Credit — that meaningfully boosts savings for lower-income workers. Effective in 2027. 09:30 – Social Security's 2033 Trust Fund Cliff If nothing is done, the Social Security Trust Fund is projected to be depleted by 2033, triggering a potential 25% benefit reduction — a bigger hit for lower-income retirees who rely on it most. 10:34 – Access vs. Behavior: What Actually Drives Outcomes Improved access is helpful, but without auto-enrollment or behavioral nudges, retirement success still hinges on participant behavior. Behavior is the lever. 12:46 – NAPA Recap: Andy's Technology Panel Andy shares his experience on a four-advisor panel covering whether technology engages or distracts plan participants and sponsors, and what successful practices are doing differently. 13:54 – 401(k)eso: From Retirement Plan University to a Memorable Brand The story behind rebranding their plan-sponsor education program as "401(k)eso" — born at a Mexican restaurant in Baton Rouge and met with applause at NAPA. 15:25 – AI, Longevity, and Standout NAPA Sessions Bill highlights practical AI sessions for advisor practices and John Hancock's health-versus-wealth longevity discussion as the standouts of the conference. 16:17 – From Lifetime Income to AI: Where the Industry Is Focused Industry attention has shifted from in-plan lifetime income solutions to AI — but the underlying question of making money last a long life still drives every planning conversation. 17:08 – Wrap-Up & How to Reach the 401(k) Brothers Bill and Andy close with contact info — and a reminder that they're brothers, but not twins. ✅ Key Takeaways Quick Reference Don't change your plan based on a headline — anchor saving behavior to your financial plan, not the news cycle Saving is a behavior, not a forecast — you can't control productivity curves or policy reform, but you can control how consistently you save Abundance, if it comes, won't be evenly distributed — historical productivity gains haven't translated to evenly shared wealth Healthcare and longevity costs don't go away — long-term care, medical, and aging-related expenses still demand dedicated planning Social Security reform is the front-burner issue — trust fund projected depleted by 2033, with a potential 25% benefit cut if nothing changes The Trump IRA closes a real coverage gap — ~56 million workers without employer plans, paired with a 50% Savers Match on the first $2,000 (effective 2027) Access alone doesn't create retirement success — without auto-enrollment or strong behavioral nudges, participation still depends on the saver AI is the industry's new center of gravity — expect it to reshape advice delivery, plan administration, and participant engagement Make education memorable — "401(k)eso" works because branding and delivery matter; meet people where they are Plan as if you'll live to 90 or beyond — you don't know when the last grain of sand drops; fund a long life, not an average one 📌 Contact the 401(k) Brothers Bill Bush: [email protected] Andy Bush: [email protected] 📌 Closing Disclaimer The views depicted in this material are for information purposes only and are not necessarily those of Cetera Advisors, LLC. They should not be considered specific advice or recommendations for any individual. Neither Cetera Advisors, LLC nor any of its representatives may give legal or tax advice. Pete Bush, Bill Bush, and Andy Bush are registered representatives offering securities and advisory services offered through Cetera Advisors, LLC. Member FINRA/SIPC, a broker-dealer and registered investment advisor. Cetera is under separate ownership from any other named entity. 15015 Jamestown Boulevard, Suite 100, Baton Rouge, LA 70810.

Bill and Andy Bush dive into the retirement plan rules that trip up participants most often—from the Rule of 55 and IRS 72(T) distributions to SIMPLE IRA rollover restrictions, in-service distribution provisions, and the nuances of RMDs under SECURE 2.0. The brothers break down each rule with real-world examples pulled from recent client calls, covering when you can access your 401(k) penalty-free, why rolling into an IRA can cost you flexibility, how beneficiary rules changed under the 10-year distribution window, and what early withdrawal exceptions (including QDROs and disaster provisions) actually look like in practice. Whether you're planning ahead or reacting to a life event, this episode is a practical field guide to the rules that govern your retirement dollars. ⏱ Episode Timeline & Key Topics 00:00 – Welcome & Episode Setup Bill opens with a Spicoli quote from Fast Times at Ridgemont High and sets up the theme: retirement plan rules you may or may not have known about. 00:53 – The Rule of 55 If you leave your employer at age 55 or older, you can take distributions from that employer's 401(k) without the 10% early withdrawal penalty: ·         Must be the plan at the employer you separated from ·         Taxable, but no penalty ·         Rolling into an IRA eliminates the Rule of 55 protection 02:12 – IRS Rule 72(T): Substantially Equal Periodic Payments Starting at age 55, you can take early distributions from IRAs or 401(k)s using the 72(T) rule: ·         Payments must be substantially equal ·         Must continue for five years or until age 59½, whichever is longer ·         Andy shares a real client example of someone who used 72(T) after early job loss 03:30 – SIMPLE IRA Two-Year Rule SIMPLE IRAs carry a unique two-year restriction from the date of your first contribution: ·         Distributions or rollovers within two years trigger a 25% penalty (not the usual 10%) ·         Rolling funds into a SIMPLE IRA from a 401(k) or other source also requires the two-year window to pass ·         SECURE Act expanded allowable rollover sources, but the timing restriction remains 05:31 – Roth Five-Year Rules Roth IRA contributions can be withdrawn at any time tax- and penalty-free, but earnings have their own rules: ·         Earnings require the account to be open for five years and you must be 59½ or older ·         The five-year clock starts with your first Roth IRA deposit 06:43 – In-Service Distributions from 401(k) Plans You can take distributions while still employed, but the rules are plan-specific: ·         IRS default age is 59½, but your plan document can set a different age (examples: age 40, age 55) ·         Common reason: rolling funds to an IRA for income planning options not available inside the 401(k) ·         Building a retirement "income floor" can increase confidence and even lead to more spending in retirement 09:57 – In-Service Strategy: Roth IRA Consolidation Participants who already have a Roth IRA on the outside can roll Roth 401(k) funds into it via in-service distribution, consolidating accounts and keeping the five-year clock running. 10:20 – Required Minimum Distributions (RMDs) RMD ages under SECURE 2.0: ·         Born before 1960: RMD begins at 73 ·         Born after 1960: RMD begins at 75 ·         Still working and contributing? No RMD from your current plan (unless 5%+ owner) ·         Old 401(k)s from prior employers still require RMDs ·         IRA RMDs can be aggregated—take from one account to satisfy the total ·         401(k) RMDs must be taken individually from each plan ·         The "Andy Bush Hack": roll old accounts into your active plan to defer RMDs 14:07 – Beneficiary / Inherited Account Rules Non-spousal inherited accounts changed significantly under SECURE 2.0: ·         Old rule: stretch over beneficiary's lifetime or take within 5 years ·         New rule: all funds must be distributed within 10 years ·         If deceased was already taking RMDs, beneficiary must continue annual distributions ·         Strategy: increase your own 401(k) contributions and offset with inherited account distributions 16:35 – Early Withdrawal Exceptions Several exceptions allow penalty-free early access to retirement funds: ·         Medical expenses exceeding a threshold ·         Disability ·         QDROs (Qualified Domestic Relations Orders) for divorce ·         Federally declared disaster provisions ·         Hardship withdrawals (still subject to 10% penalty if under 59½) 18:15 – Check Your Summary Plan Description (SPD) Every provision discussed is plan-specific: ·         Ask your HR or plan sponsor for the SPD ·         Documents are being updated as SECURE 2.0 provisions phase in ·         Your SPD is the definitive source for what your plan allows ✅ Key Rules Quick Reference ·         Rule of 55 – Penalty-free 401(k) distributions if you leave your employer at 55+; lost if rolled to an IRA ·         72(T) – Substantially equal periodic payments from IRAs/401(k)s starting at 55; must last 5 years or until 59½ ·         SIMPLE IRA Two-Year Rule – 25% penalty on distributions or rollovers within two years of first contribution ·         Roth Five-Year Rule – Contributions out anytime; earnings require 5 years + age 59½ ·         In-Service Distributions – Available while still working; age set by plan document (default 59½) ·         RMDs – Age 73 (born before 1960) or 75 (born after 1960); still-working exception for current plan only ·         10-Year Inherited Account Rule – Non-spousal beneficiaries must empty inherited accounts within 10 years ·         QDROs – Court-ordered retirement account splits in divorce; rollover is tax- and penalty-free ·         Disaster Provisions – SECURE Act allows automatic early access in federally declared disaster areas 19:49 – Closing & How to Reach the Brothers Bill and Andy wrap up with a reminder that every situation is nuanced—reach out with questions. ·         Bill Bush: [email protected] ·         Andy Bush: [email protected] 📌 Closing Disclaimer The views depicted in this material are for information purposes only and are not necessarily those of Cetera Advisors, LLC. They should not be considered specific advice or recommendations for any individual. Neither Cetera Advisors, LLC nor any of its representatives may give legal or tax advice. Pete Bush, Bill Bush, and Andy Bush are registered representatives offering securities and advisory services offered through Cetera Advisors, LLC. Member FINRA/SIPC, a broker-dealer and registered investment advisor. Cetera is under separate ownership from any other named entity. 15015 Jamestown Boulevard, Suite 100, Baton Rouge, LA 70810.

As the calendar turns to 2026, Bill and Andy Bush kick off the new year by breaking down key changes affecting higher-income 401(k) participants—most notably the new SECURE 2.0 rules requiring Roth catch-up contributions for certain earners. They unpack who the rules apply to, how they intersect with other income thresholds, and why many six-figure earners still feel behind despite strong incomes. Along the way, the brothers share practical New Year's resolutions that actually move the needle: optimizing (not just maxing) your 401(k), improving tax efficiency, managing emotions, reducing complexity, and defining what "enough" really means so your money supports both your future and your life today.   ⏱ Episode Timeline & Key Topics 00:08 – Welcome & Happy New Year Bill and Andy kick off the first episode of 2026, reflecting on the new year and why this episode revisits financial "reset" themes—especially for higher-income participants. 00:45 – Why This Episode Matters Right Now The brothers recap last year's New Year–focused episode and explain why 2026 brings new wrinkles in the 401(k) world that deserve attention. 01:15 – SECURE 2.0 Roth Catch-Up Rule Explained Introduction of the new rule requiring Roth catch-up contributions for certain high earners: Age 50+ Prior-year wages of $150,000+ Catch-up contributions must be Roth (after-tax) 02:30 – Who Is (and Isn't) Subject to the Rule Clarification on: W-2 wages (Box 3) Why K-1 partners without W-2 income are exempt Catch-ups are still allowed—just not required to be Roth for exempt participants 03:45 – Implementation Challenges & Plan Decisions Discussion on delayed rollout, transition relief, and why some plans chose to eliminate catch-ups rather than add Roth complexity. 04:10 – Super Catch-Up Contributions (Ages 60–63) Overview of the enhanced "super catch-up": $11,250 limit for ages 60–63 What happens when you turn 64 Why planning matters during this short window 04:55 – Three Different "High Income" Definitions Breaking down commonly confused thresholds: $150,000 (Roth catch-up rule) $160,000 (Highly Compensated Employee testing) $184,500 (Social Security wage base for 2026) 05:45 – Six-Figure Earners Living Paycheck to Paycheck Why many high earners still feel financially stretched—and how lifestyle expansion plays a major role. 06:45 – Spending vs. Saving: The Real Challenge Why high earners often save well—but still struggle: Lifestyle creep Complex financial lives Income replacement challenges in retirement 08:15 – Roth Trade-Offs for High Earners Pros and cons of being "forced" into Roth catch-ups: Paying taxes now vs. later Short vs. long runways Impact on retirement income planning 09:50 – Retirement Tax Planning & IRMAA Considerations How different account types affect: Medicare IRMAA surcharges Taxable income in retirement Withdrawal flexibility 10:40 – Why HSAs Deserve Special Attention HSAs as one of the most tax-efficient retirement tools—especially for those uncomfortable with Roth catch-ups. 11:30 – Roth vs. Taxable Brokerage Accounts Why Roth accounts offer long-term advantages over taxable investing for money you don't need immediately. 12:30 – Using Roth Assets Strategically Real-world examples: Large one-time expenses in retirement Legacy planning for heirs Flexibility when income spikes matter 🎯 Financial New Year's Resolutions for High Earners 13:30 – Optimize Your 401(k), Don't Just Max It Why alignment matters more than simply hitting contribution limits. 14:30 – "Above the Corn Stalks" Perspective Bill's analogy for stepping back, gaining clarity, and checking direction—not just reacting to day-to-day financial noise. 15:10 – Small Adjustments, Big Impact Using plan tools, reviewing statements, and making incremental changes that compound over time. 15:55 – 1% Improvements vs. Working Longer Why small efficiency gains may—or may not—outperform delaying retirement, depending on your goals. 16:40 – Keep Emotions Out of Investing Why larger account balances amplify emotional reactions—and how long-term discipline matters more than headlines. 17:55 – Time Horizon Is the Anchor Planning for potentially decades-long retirements and staying focused on the "North Star." 18:25 – Reduce Financial Complexity Why consolidating old accounts: Simplifies decision-making Reduces fees Brings peace of mind 19:50 – Defining "Enough" A candid discussion on shifting goalposts, relationships, and balancing financial ambition with life satisfaction. ✅ January Checklist for Participants 21:00 – Review Beneficiaries Especially important after plan recordkeeper changes—designations may not transfer. 21:40 – Update Contribution Elections for 2026 Key limits: Deferral limit: $24,500 Catch-up (50+): $8,000 Super catch-up (60–63): $11,250 Roth catch-up rules for high earners 22:55 – Review Investment Allocation Confirm your risk level still matches your time horizon and comfort level. 23:30 – Be Intentional About Improvement Progress doesn't require perfection—just purposeful action. 24:00 – New Look, Same Mission Bill and Andy share updates on refreshed podcast artwork and reiterate their commitment to helping participants gain clarity and confidence. 24:30 – Final Thoughts & How to Reach the Brothers High income creates opportunity—but only when paired with intention, planning, and follow-through. 📌 Closing Disclaimer he views depicted in this material are for information purposes only and are not necessarily those of Satara Advisors LLC. They should not be considered specific advice or recommendations for any individual. Neither Satara Advisors LLC nor any of its representatives may give legal or tax advice. Pete Bush, Bill Bush, and Andy Bush are registered representatives offering securities and advisory services offered through Satara Advisors LLC. Member FINRA SIPC, a broker dealer and registered investment advisor. Cetera is under separate ownership from any other named entity. 15015 Jamestown Boulevard, Suite 100, Baton Rouge, Louisiana 70810.

Episode Summary In this episode of Inside the Plan with the 401(k) Brothers, Bill and Andy Bush explore the emotional side of money decisions. From procrastination and magical thinking to comparison traps and identity shifts, they share personal experiences, client stories, and practical tips to help listeners overcome financial inertia and build confidence in their financial planning. Key Takeaways ●        Math in financial planning is easy; human behavior makes it hard. ●        Avoidance, magical thinking, and procrastination delay financial progress. ●        Early investing wins thanks to time and compounding interest. ●        Comparing yourself to others can lead to discouragement or debt. ●        Building habits like auto-enrollment and auto-escalation helps you stay on track. ●        Changing your financial identity influences long-term behavior. ●        Seeking professional help removes fear and offers accountability. Time-Stamped Chapters 00:00 – Welcome Back & Life Updates Bill and Andy open the episode with personal updates, including summer birthdays, time away for health reasons, and why this break reminded them how unpredictable life—and money decisions—can be. 01:38 – The Psychology of Money Decisions They set the stage for the conversation: financial planning isn't just about spreadsheets and calculators; it's about human behavior, emotions, and sometimes anxiety when decisions have to be made quickly. 03:12 – Common Stumbling Blocks From denial to avoidance, the brothers explore why so many people put off saving for retirement or making big financial moves, even when they know they should start early. 05:47 – Magical Thinking & Procrastination The idea that "my ship will come in" often leads people to delay saving until they expect a windfall, raise, or inheritance—none of which are guaranteed. Bill and Andy talk about why this mindset is so dangerous for long-term planning. 08:05 – Inertia and Procrastination They highlight how lack of clarity creates procrastination. Automatic contributions, small savings goals, and "just getting started" are key steps to overcoming the paralysis of inaction. 10:33 – The Comparison Trap Comparing savings rates or lifestyles to peers—or even celebrities—can lead to discouragement or reckless spending. The brothers emphasize focusing on personal goals and measuring progress against your own plan, not someone else's. 12:11 – Building Positive Financial Habits Bill and Andy discuss automatic enrollment, automatic escalation of contributions, and how payroll deductions make saving easier and less painful—helping savers stay consistent without relying on willpower alone. 15:46 – Overcoming Fear & Identity Shifts The way you talk to yourself shapes your financial habits. By identifying as a "saver" instead of a "spender," you can reframe your behavior and stick with good habits over time, even through setbacks. 18:43 – Seeking Help & Being Vulnerable Bill and Andy stress that financial advisors act as accountability partners. Like going to a doctor, you have to be open about your situation so someone can help you improve it. 21:20 – Final Thoughts & How to Reach Out The brothers close with encouragement to start small, be consistent, and never "worry alone." They provide their contact information for listeners who want to talk about their financial situation. Quotes from the Episode ●        "The math part of financial planning is pretty darn easy… but the behavior is tougher." ●        "An object at rest tends to stay at rest… so just start with baby steps." ●        "My ship's gonna come in… that's what they say, but there's no guarantee." ●        "The race is against yourself, not against others." ●        "Flip the script on how you talk to yourself—see yourself as a saver." ●        "Those first dollars have the longest time to compound." ●        "Don't let your voice be the only one. There's no shame in asking for help." ●        "It's like going to the doctor—if you don't share what's wrong, you can't get better." Contact Information ●        Bill Bush: [email protected] ●        Andy Bush: [email protected] ●        Horizon Financial Group: horizonfg.com Disclosure The views depicted in this material are for information purposes only and are not necessarily those of Cetera Advisors LLC. They should not be considered specific advice or recommendations for any individual. Neither Cetera Advisors LLC nor any of its representatives may give legal or tax advice. Bill Bush, Andy Bush, and Pete Bush are registered representatives offering securities and advisory services through Cetera Advisors LLC, member FINRA/SIPC, a broker-dealer, and registered investment advisor. Cetera is under separate ownership from any other named entity. 15015 Jamestown Boulevard, Suite 100, Baton Rouge, Louisiana, 70810.

In this episode, the 401(k) Brothers—Bill and Andy—break down why the first year of retirement is so critical. From crafting a solid income plan to navigating emotional shifts, they cover how to avoid early retirement missteps and make the most of your new lifestyle. With practical tips, relatable analogies, and their trademark brotherly banter, they offer a blueprint for launching retirement on the right foot. ⏱️ Chapters & Final Timestamps 00:00 – Welcome & Why the First Year Matters The emotional and financial significance of retirement's first year How this year sets the tone for future success 03:00 – Income Projections & Expense Shifts Turning 401(k) savings into monthly income Why expense planning is just as crucial as income planning Common assumptions (e.g., 75–80% of pre-retirement income) 06:10 – The First-Year Rule: Don't Overspend Sustainable withdrawal rates Planning for "reward" spending like travel or big purchases Being intentional vs. impulsive 08:45 – Emotional Adjustments & Finding Purpose Losing the structure of work life Maintaining social connections and personal identity Avoiding the "retirement letdown" 11:15 – Common Pitfalls: Travel, Family, and Overspending Helping kids or grandkids too much Tackling home projects without fully understanding the financial impact Tax-aware withdrawals 13:30 – The Value of an Ongoing Advisor Relationship Retirement planning isn't "set it and forget it" Real examples of spending too much—or being too frugal Adjusting the plan as life unfolds 15:45 – Try a Pre-Retirement Test Drive Practicing your retirement budget early How "trial runs" can expose gaps or ease anxiety 17:00 – Wrapping Up & Key Actions Check in regularly with your advisor Stay intentional with financial and emotional decisions Retirement is a new beginning, not an end ✅ Key Takeaways The first year sets habits that shape the rest of retirement Income projections build confidence and guide decisions Be mindful of emotional spending in that first year Unexpected expenses should be anticipated and planned for Retirement is a transition—mentally, socially, and financially Regular advisor check-ins help you course-correct as needed 🔊 Sound Bites "The first year can really set the tone." "You have to have a good income projection." "Retirement isn't a finish line—it's the start of your next flight." "You can reward yourself—but plan for it." 📩 Contact the Hosts Bill Bush: [email protected] Andy Bush: [email protected]

🎙️ Episode Summary In this lively and unconventional episode, Brother Bill and Brother Andy explore the emotional and motivational power of music—and how it can help shape your outlook on retirement planning. From walk-up songs to celebratory anthems, they highlight tunes that uplift, energize, and even challenge us to take action. This playlist-inspired episode weaves financial wisdom into familiar melodies and leaves listeners tapping their toes while thinking about their future selves. Retirement may be serious business, but that doesn't mean it can't have a great soundtrack. 🕒 Time-Stamped Episode Highlights 00:09 – Setting the Stage Andy introduces the idea of using music as inspiration for retirement planning. Bill connects it to the metaphor of "walk-up songs" in baseball—symbolizing the moment you transition into retirement. 01:59 – Personal Walk-Up Picks Andy shares "Right Now" by Van Halen as a motivational song to take action. Bill adds "Celebration" by Kool & the Gang and "All Star" by Smash Mouth as fun, upbeat songs to mark the transition. 03:49 – Rocking Out with Hair Bands Songs like "Kickstart My Heart" by Mötley Crüe and "Don't Stop Believin'" by Journey energize the mindset of perseverance and momentum. 05:24 – Joy, Goals, and Frank Sinatra Pharrell's "Happy", Sinatra's "Come Fly with Me", and "Luck Be a Lady" help explore the emotional side of retirement and dreaming big. 06:32 – Country & Classic Rock Inspirations "Hard Workin' Man" by Brooks & Dunn, "Taking Care of Business" by BTO, and "Jive Talkin'" by the Bee Gees make their way into the conversation as examples of dedication and energy. 07:48 – Songs with Financial Themes "Money for Nothing" by Dire Straits, "Rich Girl" by Hall & Oates, and "Take the Money and Run" by Steve Miller Band are humorous yet thoughtful takes on income and wealth. 09:03 – Retirement & Aviation-Themed Songs With nods to The Runway Decade, songs like "Jet Airliner", "Leaving on a Jet Plane", and "Fly Me to the Moon" reflect destination-focused planning. 11:06 – Do You Know Where You Are Now? Bill emphasizes evaluating your current financial picture: your savings, your goals, and how you're going to get there. Music becomes a reflection of that journey. 11:55 – Forrest Gump and Financial Freedom A nod to Forrest Gump's run ties into the idea of stripping away obstacles. Songs like "Don't Bring Me Down" by ELO amplify the theme of emotional and financial liberation. 12:52 – Life Events as Catalysts for Planning The brothers reflect on how life events like death, divorce, or inheritance often bring people to the financial planning table—and how music can provide clarity and courage during those times. 13:45 – Walk-Out Power Songs Andy shares his go-to jogging anthem "Boom" by P.O.D., and Bill recalls "I Wanna Be Rich" by Calloway, sparking a discussion on what it really means to be "rich" in retirement. 15:36 – Closing Notes & Musical Wisdom More final tracks are tossed into the mix: "Carry On Wayward Son" by Kansas and "Fly Like an Eagle" by Steve Miller Band. The episode ends with Bee Gees' "Stayin' Alive"—a reminder to care for your health as you plan financially. 🎵 Favorite Sound Bites "Music moves us, right?" "Get going, do it now!" "You gotta press on!" "Whether you're a brother or whether you're a mother, you're stayin' alive!" 💡 Key Takeaways Music can act as both a motivator and metaphor in your retirement journey. "Walk-up" songs mark the start of something bold—retirement included. Celebratory and upbeat tunes reinforce the joy of leaving the workforce. Life is full of bumps in the road—music reminds us to carry on. Passive income? Think "Money for Nothing." Planning starts with knowing where you are today, where you want to go, and how you'll get there. Health, happiness, and community are all part of a "rich" retirement. 📞 Contact the 401(k) Brothers Website: www.horizonfg.com Email: [email protected] [email protected]

In this episode of Inside the Plan, brothers Bill and Andy Bush explore the often-overlooked questions and concerns that shape a meaningful and financially secure retirement. From maintaining your health and managing family responsibilities to finding purpose and planning for long-term care, they walk through the major life areas that impact retirement income planning. With real-life examples, personal stories, and thought-provoking questions, the brothers offer a candid and practical guide for anyone approaching or envisioning retirement.     🕒 Chapters & Timestamps 00:00 – Introduction to Retirement Income Planning Bill and Andy kick off the episode by highlighting the importance of thinking ahead when it comes to income planning in retirement. They frame the conversation with reflective questions and common concerns that can shape a retirement experience. "We'll throw out some questions you may not have considered—or this episode might just get you thinking, which is always good." 04:06 – Health: The Foundation of Retirement The brothers stress how arriving at retirement healthy and debt-free creates a strong start. They touch on the value of staying active (hello, pickleball and walking!), maintaining social connections, and the importance of regular checkups and understanding your family health history. "Are you doing anything to maintain or pay attention to how you're treating your body?" 08:43 – Family Dynamics and Responsibilities From aging parents to grandkids needing support, family dynamics heavily influence retirement plans. The brothers share stories of clients navigating long-term care and longevity within their families—and how it affects their outlook and planning. "Who are the important people in your life that are still alive? Are you going to need to care for them?" 12:40 – Work in Retirement: Expectations vs. Reality While many plan to work in retirement, the reality often differs due to health or shifting priorities. They examine the importance of staying current with skills, considering fulfillment, and deciding between part-time work or volunteering. "Are you going to get fulfillment out of it—or is it just about bringing in dollars?" 16:41 – Leisure Activities and Life's Purpose Leisure is more than just pastimes—it's a key part of fulfillment in retirement. From travel and hobbies to spending time with loved ones, the brothers explore how leisure intersects with values, energy, and curiosity in later life. "You don't know when the last grain of sand is going through the hourglass… make the most of your time." 19:55 – Housing Decisions: Downsizing, Costs & Lifestyle Where and how you live affects retirement costs and lifestyle. The brothers talk about downsizing, maintaining the family home, navigating mortgage decisions, and even multi-story homes vs. aging needs. "If you can reduce that spend rate… that's better for you because things will happen." 23:18 – Legacy Planning: More Than Just Money From writing memoirs to giving financial gifts during your lifetime, legacy is about passing on values, stories, and love—not just assets. They explore how to think through timing, impact, and the emotional side of legacy planning. "What would I want to leave the people I love? What do I want them to know about me?" 26:10 – Long-Term Care & End-of-Life Planning Only 10% of people carry long-term care insurance—but 70% will need some kind of care. The brothers stress the importance of planning for this, including powers of attorney, advance directives, and finding cost-efficient ways to prepare. "You're not trying to pay for everything—just offset the impact on your overall wealth." 29:05 – Final Thoughts & Getting Guidance Retirement is filled with unknowns, but you don't have to go it alone. The episode closes with an encouragement to explore these topics and reach out for help navigating the journey. "You need trustworthy guides. It's a foggy landscape, and you've never done it before."     💡 Key Takeaways Health and debt status are key to starting retirement strong. Fitness routines can be social, budget-friendly, and personally fulfilling. Family responsibilities (parents, kids, grandkids) often influence timing and finances. Many retire earlier than expected—health is a big factor. Leisure and life's purpose go hand-in-hand for a satisfying retirement. Housing decisions affect cost, comfort, and long-term flexibility. Legacy includes memories, values, and family stories—not just wealth. Long-term care planning is critical, even if insurance isn't feasible. Trusted advisors can help guide the planning process.     🔊 Sound Bites "Who are the important people in your life?" "What is your life's purpose after retirement?" "What if you had five years left—what would you do?" "A lot to think about in retirement planning." Contact Info: Bill Bush: [email protected] Andy Bush: [email protected] www.horizonfg.com

In this episode of Inside the Plan, the 401(k) Brothers, Bill and Andy Bush, explore the key risks retirees face and the importance of planning ahead to mitigate them. They discuss longevity risk, inflation, healthcare expenses, investment volatility, liquidity concerns, family responsibilities, and public policy changes, providing insights on how to prepare for a secure retirement. Key Takeaways ✔ Longevity Risk – Running out of money before you run out of life. ✔ Inflation Risk – The rising cost of living affects retirement budgets. ✔ Healthcare & Long-Term Care Risk – Increasing medical expenses and the need for caregiving support. ✔ Financial Elder Abuse – A growing threat from scams and even trusted individuals. ✔ Investment Risks – Stock market volatility, interest rate changes, and sequence of return risks. ✔ Liquidity Risk – The importance of keeping accessible cash reserves. ✔ Work-Related Risks – Counting on employment but facing health or job market obstacles. ✔ Loss of a Spouse – Financial and emotional adjustments following a partner's passing. ✔ Public Policy Risk – Changes in Social Security, Medicare, and tax laws can impact retirement plans. Time-Stamped Chapters & Breakdown 📌 00:00 – Introduction: Why Planning for Risks Matters Bill and Andy introduce the variety of risks retirees face. Overview of how good planning can help navigate unexpected challenges. 📌 01:30 – Longevity Risk: Will Your Money Last? With increasing life expectancies, retirees need to plan for 30+ years of income. Key strategies: Annuities, diversified investments, and sustainable withdrawal rates. 📌 03:15 – Inflation Risk: The Erosion of Purchasing Power Over time, inflation can double the cost of living in retirement. Example: A $5,000/month budget today could need $10,000+ in 20 years. Ways to protect against inflation: Social Security COLAs, inflation-protected investments (TIPS), and adjustable withdrawal strategies. 📌 05:10 – Healthcare & Long-Term Care: The Cost of Aging Medical costs are rising faster than general inflation. 70% of retirees will require long-term care assistance at some point. Mitigation strategies: Medicare planning, long-term care insurance, and HSAs (Health Savings Accounts). 📌 07:00 – Investment Risks: Navigating Market Uncertainty Market risk: Stock market volatility can impact retirement savings. Interest rate risk: Rising rates affect bond values and fixed-income investments. Sequence of return risk: A market downturn early in retirement can have long-term consequences. How to mitigate these risks: Diversification, maintaining a cash reserve, and gradual portfolio adjustments. 📌 09:00 – Liquidity Risk: Having Cash When You Need It Some assets, such as real estate or private equity, are not easily converted to cash. Importance of having liquid savings to cover emergencies and unexpected expenses. Balancing liquidity with long-term growth. 📌 10:20 – Financial Elder Abuse: Protecting Yourself from Scams Retirees are common targets for fraud and financial abuse. Warning signs: Unusual account activity, pressure to give money, and sudden changes in estate planning. Ways to stay protected: Trusted contacts, power of attorney, and financial monitoring. 📌 12:00 – Work-Related Risks: Can You Count on Employment? Many retirees assume they'll be able to work part-time, but health or job market changes may prevent it. Reemployment risk: Older workers may struggle to find new jobs if they need additional income. Plan for financial independence, not reliance on future employment. 📌 13:30 – Family-Related Risks: Unexpected Financial Responsibilities Many retirees end up supporting adult children or grandchildren, impacting their savings. Importance of setting financial boundaries while still helping loved ones. 📌 14:30 – Loss of a Spouse: Emotional & Financial Adjustments The loss of a spouse can create a significant financial shift, especially with Social Security income reduction. Planning ahead: Survivor benefits, estate planning, and joint-and-survivor annuities. 📌 16:00 – Public Policy Risk: How Government Changes Affect You Social Security & Medicare uncertainties – will benefits be reduced in the future? Tax law changes can affect retirement withdrawals and income planning. Staying informed and adapting to new regulations is crucial. 📌 18:00 – Final Thoughts & Key Takeaways Anticipating risks and creating a plan helps mitigate their impact. "Don't worry alone—worry with us and let's plan together!" Sound Bites "What if you're still breathing at 95 or 97?" "Financial elder abuse could be scams or even people they know taking advantage." "You have to plan and anticipate these risks." Connect with Us 💡 Have questions or concerns about your retirement plan? Don't navigate these risks alone! Contact us: 📩 Bill Bush – [email protected] 📩 Andy Bush – [email protected] 🔔 Subscribe & Listen: Don't miss future episodes of Inside the Plan with the 401(k) Brothers!

In this episode, Bill and Andy Bush discuss the "7 Stages of Financial Well-Being," a concept developed by Money Coaches of Canada. They explore each stage, from financial chaos to financial fulfillment, and provide practical insights into how individuals can move up the financial staircase. With a focus on building confidence and intentionality, this episode is a roadmap for anyone seeking financial freedom and stability. Whether you're in financial chaos or nearing financial fulfillment, Bill and Andy share tips and strategies to help you navigate the emotions, behaviors, and actions needed to reach the next level. Time-Stamped Chapters: 00:08 – Welcome and Introduction: The 7 Stages of Financial Well-Being 02:20 – Defining Financial Confidence and Well-Being 03:30 – Stage 1: Financial Chaos—Understanding the Struggles and Emotions 06:00 – Stage 2: Financial Avoidance—Awareness and Desire to Change 06:50 – Stage 3: Financial Awareness—Taking Charge and Building a Plan 09:00 – Stage 4: Financial Stability—Basics in Place and Moving Forward 11:39 – Stage 5: Financial Security—Following a Plan and Managing Risk 13:55 – Stage 6: Financial Freedom—Living the Life You Want 16:11 – Stage 7: Financial Fulfillment—Spending and Giving Aligned with Values 18:27 – Steps to Move Up the Ladder—Intentional Planning and Guidance 20:00 – How to Seek Help and Resources for Financial Growth Sound Bites: "Financial confidence is about the freedom to make life choices without being overburdened by financial worries." "Organization brings about stability. When you know where everything is, you feel more in control." "If it is to be, it's up to me." Moving up the financial ladder starts with taking personal responsibility." "Financial fulfillment is about aligning your money with your values and using it as a tool to achieve your purpose." Main Takeaways: Financial Chaos: Characterized by disorganization, fear, and living paycheck to paycheck. Overcoming this stage requires addressing behavior and habits. Financial Awareness: The first step towards change involves acknowledging the problem and building a plan. Financial Stability: Basics like emergency savings and retirement contributions are in place, but continued effort and organization are key. Financial Fulfillment: At the top of the scale, money is no longer an obstacle but a tool to live a purposeful life aligned with values. Steps to Progress: Planning and intentionality are the antidotes to financial fear, and seeking guidance can provide the clarity needed to move forward. Resources: Money Coaches of Canada – Learn more about the "7 Stages of Financial Well-Being." Horizon Financial Group Resources—Explore tools and resources to improve your financial confidence. Contact Information: Bill Bush – [email protected] Andy Bush – [email protected] Horizon Financial Group – Website Disclosures: The views depicted in this material are for information purposes only and are not necessarily those of Cetera Advisors LLC. They should not be considered specific advice or recommendations for any individual. Neither Cetera Advisors LLC nor any of its representatives may give legal or tax advice. Bill Bush and Andy Bush are registered representatives offering securities and advisory services through Cetera Advisors LLC, a broker/dealer and Registered Investment Adviser, member FINRA/SIPC. Cetera is under separate ownership from any other named entity. Address: 15015 Jamestown Boulevard, Suite 100, Baton Rouge, Louisiana 70810.

Episode Summary: In this episode, the 401(k) Brothers reflect on the start of 2025, discussing the importance of decluttering physical and digital spaces, reviewing financial habits, and setting actionable goals for the future. Bill and Andy emphasize the value of behavior over knowledge in achieving financial success, the importance of budgeting, and the benefits of seeking professional guidance. They encourage listeners to celebrate achievements while staying focused on continuous improvement and planning for their future. Timestamps: [00:08] - Welcome to 2025 Bill and Andy open the episode by reflecting on the rapid passage of time and sharing personal milestones, including Bill's upcoming 60th birthday. [01:20] - Decluttering at Home Bill talks about repurposing a room during the holidays and how decluttering can create both physical and mental clarity. [03:45] - The Psychological Impact of Tidying Up Andy highlights the connection between physical clutter and mental stress, referencing The Art of Tidying Up and discussing how letting go of unused items can bring freedom. [05:30] - Reflecting on Financial Behaviors The brothers explore how reviewing spending habits can reveal valuable insights. They cite The Psychology of Money by Morgan Housel to stress that financial behavior often matters more than knowledge. [07:15] - Digital Decluttering Bill discusses cleaning out his email inbox and unsubscribing from unnecessary subscriptions, emphasizing the financial and mental benefits. [09:10] - Managing Subscriptions The brothers discuss evaluating and minimizing subscription services to avoid wasteful spending. [11:05] - Budget Reviews and Emergency Funds Andy explains the importance of regularly reviewing your budget to prepare for unexpected expenses and build an emergency fund. [13:20] - Boosting Retirement Contributions Bill encourages listeners to increase retirement savings incrementally to offset inflation and secure a better future. [15:10] - The Power of Celebrating Wins The brothers discuss celebrating small successes to stay motivated, referencing Mel Robbins' The High Five Habit. [17:30] - Seeking Coaching for Financial Success Bill underscores the value of seeking professional advice, whether for fitness or finances, and how it can help overcome challenges. [19:00] - Making Resolutions Stick The brothers share tips for maintaining New Year's resolutions, stressing the importance of envisioning your future self and staying committed to long-term goals. [21:15] - Sacrifice and Progress Andy discusses the necessity of short-term sacrifices to achieve financial freedom and the role of intentionality in making progress. [22:40] - Closing Thoughts The brothers wrap up with encouragement to prioritize improvement over perfection and take steps toward financial well-being in 2025. Takeaways: Time flies, and it's important to reflect on the past year. Decluttering physical and digital spaces leads to clarity. Financial behaviors often matter more than knowledge. Reviewing spending habits can reveal areas for improvement. Unsubscribing from unnecessary emails can reduce digital clutter. Budget reviews prepare for unexpected expenses. Increasing retirement contributions is a smart financial move. Celebrating small wins motivates continued progress. Forgiveness for past shortcomings allows for new beginnings. Seeking professional help can provide valuable guidance in financial planning. Sound Bites: "It's crazy to believe it's already here." "What do we really use?" "Celebrate the wins, but keep going." "You can start anew starting today." Contact Information: Bill Bush: [email protected] Andy Bush: [email protected]

In this episode, Bill and Andy Bush discuss the differences between Roth and traditional retirement accounts, focusing on their tax implications, contribution limits, and the benefits of Roth accounts. They explore when to consider Roth contributions, the investment growth potential, and the impact of recent legislative changes on Roth accounts. The conversation emphasizes the importance of understanding these options for effective retirement planning. Chapters 00:00 – Introduction to Roth vs Traditional Accounts Bill Bush introduces the episode and reflects on revisiting the topic of Roth versus traditional retirement accounts. Mention of a memorable past presentation titled The Grapes of Roth, which highlights the benefits of Roth accounts. 03:07 – Understanding Roth Contributions and Tax Implications Andy Bush explains the analogy of an old TV commercial: "You can pay me now, or you can pay me later," as it relates to Roth versus traditional accounts. Overview of pre-tax contributions to 401(k) plans and the tax-deferred growth they offer. Explanation of how Roth contributions are made after taxes, leading to tax-free withdrawals during retirement. 05:51 – Roth IRA vs 401(k): Contribution Limits and Eligibility Bill and Andy discuss the introduction of Roth IRAs in the late 90s and the addition of Roth 401(k) options in 2006. Clarification of contribution limits for Roth IRAs and 401(k)s, and the income thresholds for contributing to a Roth IRA. Explanation that Roth 401(k) contributions have no income limits for eligibility as long as the plan allows them. 09:09 – When to Consider Roth Accounts Discussion of when it makes sense to choose Roth contributions, emphasizing younger employees in lower tax brackets. Situations where contributing to Roth accounts could be beneficial, such as planning for higher future tax rates or large future expenses. Insights into the strategic benefits for higher earners and those planning for estate purposes. 11:56 – Investment Growth and Tax Treatment of Roth Accounts Explanation of how Roth accounts grow tax-free and the advantages of not paying taxes on dividends, interest, or capital gains. Comparison between Roth accounts and taxable accounts, highlighting the ongoing tax implications of the latter. 15:11 – Roth Accounts and Retirement Planning Discussion of how Roth withdrawals in retirement do not count as taxable income, preserving Social Security benefits and avoiding Medicare surcharge thresholds. Example scenarios involving large purchases during retirement and how Roth distributions can be advantageous. 17:51 – Future of Roth Contributions and Legislative Changes Overview of the Secure Act 2.0 and its implications for Roth accounts, such as the elimination of RMDs for Roth 401(k)s. Explanation of future changes, including catch-up contributions for higher earners and the potential for employer Roth matches. Insight into how legislative changes have made Roth contributions more flexible and appealing. 21:09 – Conclusion and Legacy of Roth Accounts Reflection on Senator William Roth's legacy and the expansion of Roth account options over the years. Bill and Andy ponder whether William Roth foresaw the long-term impact of his contributions to retirement planning. Encouragement for listeners to reach out with questions and consider how Roth options fit into their retirement strategy.     Takeaways The difference between Roth and traditional accounts is primarily tax-related. Roth contributions are made after taxes, while traditional contributions are pre-tax. Roth accounts have been available since the late 90s, with 401(k) options added in 2006. Income limits apply to Roth IRAs but not to Roth 401(k) contributions. Roth accounts do not require minimum distributions during the account holder's lifetime. Younger employees may benefit more from Roth contributions due to lower tax brackets. Roth accounts allow for tax-free growth and withdrawals in retirement. Legislative changes are making Roth accounts more accessible and beneficial. Employer matches can potentially be made as Roth contributions. Understanding the implications of Roth accounts is crucial for effective retirement planning. Sound Bites "You can pay me now or you can pay me later." "The real answer is a guy's name." "Pay it once, you don't pay it ongoing." "Roth accounts are becoming more prominent." Resources www.horizonfg.com [email protected]

Summary: In this episode of Inside the Plan, Bill and Andy Bush (the 401(k) Brothers) share insights from a recent advisor conference in New Orleans, focusing on the challenges that different generations face in saving for retirement. They dive into the financial obligations affecting Millennials, Gen Xers, and Baby Boomers and discuss the importance of establishing emergency savings. The conversation also explores how early savings can significantly impact long-term retirement wealth. Additionally, the brothers emphasize the essential role of financial advisors and coaches in providing organization, accountability, and proactive support in financial planning. Chapters and Key Takeaways: 00:10 — Introduction and Conference Insights The episode opens with Bill and Andy reflecting on insights gained at a recent conference with financial advisors in New Orleans. The brothers set the stage by discussing the importance of helping people navigate their retirement savings challenges. 03:00 — Financial Obligations and Retirement Savings Millennials face the highest financial obligations (89% struggle with competing priorities). Emergency savings are a crucial barrier for all generations, with 25% of Baby Boomers still facing this issue. Gen Xers and Baby Boomers see lower percentages but still encounter challenges with emergency savings and other financial obligations. 05:56 — The Importance of Early Savings Early savings significantly impact retirement wealth. The earlier you start saving, the more those dollars multiply over your career. The brothers stress that even when dollars are stretched, making the most of employer 401(k) matches can create long-term financial benefits. 09:15 — Seeking Guidance and Financial Coaching Guidance from financial advisors is essential, especially for complex decisions involving retirement planning. Financial coaching helps with accountability and organization, ensuring that clients stay on track with their goals. Millennials and Gen Zers are more inclined to seek information online, but older generations still prefer face-to-face or personalized financial advice. 12:01 — The Role of Financial Advisors Many clients do not fully implement their financial plans—only 20% of recommendations are executed. A financial plan requires action to be effective. Bill and Andy explain that while creating a plan is valuable, consistent action and follow-up are key to success. 15:23 — Core Values of Financial Planning Objectivity from a financial advisor provides clarity, helping clients make sound decisions without the emotional bias that can come from handling finances alone. Partnership with a financial planner alleviates worries, providing clients with support and a trusted resource to guide them through financial decisions. Financial advisors offer six core values: organization, objectivity, proactivity, education, accountability, and partnership, all of which contribute to long-term financial success. 19:09 — Conclusion and Contact Information Bill and Andy wrap up the episode by encouraging listeners to reach out for personalized advice and assistance. They stress the importance of communication and building a strong partnership with a financial advisor. Sound Bites: "Emergency savings is a barrier for 25% of Baby Boomers." "89% of Millennials face financial obligations hindering savings." "Early dollars saved multiply over your working career."   Call to Action: If you're interested in organizing your finances or need help creating a retirement plan, reach out to Bill or Andy Bush at Horizon Financial Group: Bill Bush: [email protected] Andy Bush: [email protected] Or visit horizonfg.com and use the contact button to get started.

In this episode, the 401(k) Brothers—Bill and Andy Bush—discuss popular financial rules of thumb and how they may or may not apply to different retirement situations. They tackle everything from when to delay Social Security, avoiding 401(k) loans, the pros and cons of paying down your mortgage early, and more. This conversation is packed with insights that can help you navigate your personal retirement decisions, ensuring that these "rules" work for you, not against you.     Chapters & Time-Stamps: 00:00 - Introduction to Financial Rules of Thumb The 401(k) Brothers open the episode by introducing the topic of financial rules of thumb and explain why these generalized rules may not always be applicable to every retirement scenario. 01:00 - Delaying Social Security: Pros and Cons Bill and Andy discuss the first rule of thumb: delaying Social Security until age 70 for higher monthly payments. They delve into when it makes sense to follow this rule and when it's better to take Social Security earlier based on health, family history, or ongoing employment. "You don't know when the last grain of sand's going through your hourglass." – Andy 02:24 - Personal Considerations for Social Security The conversation continues with examples of how family longevity or terminal illness can influence the decision to take Social Security earlier rather than later. 03:10 - Working and Social Security They explain how working while claiming Social Security before full retirement age can reduce benefits due to the earnings test, and highlight why waiting until FRA can make a difference. 03:51 - 401(k) Loans: When to Avoid and When to Use Next up, Bill and Andy discuss the second rule of thumb: avoiding loans from your 401(k). They explain how 401(k) loans can stunt growth by interrupting compounding. However, they acknowledge there are rare situations, like significant emergencies, where it may be justified. 05:39 - Mortgage Management: Pay Down or Invest? The third rule of thumb: prioritizing paying off your mortgage. The hosts explore the impact of rising interest rates and how those with lower mortgage rates may benefit more from investing rather than paying off their mortgage early. 07:36 - Diversification in Investing: A Key Strategy Bill and Andy tackle the fourth rule: diversification. While younger investors can afford to take more risks, as retirement nears, it becomes essential to spread risk across various assets to protect your savings. 09:01 - Buy Low, Sell High: The Investment Mindset The fifth rule: buy low, sell high. The brothers explain why they're not market timers, emphasizing that investing should be tied to a long-term strategy and purpose rather than reactive decisions. 10:21 - The 4% Withdrawal Rule: Understanding Retirement Income Rule number six: the 4% withdrawal rule. Bill and Andy discuss its flexibility, stressing that it should serve as a guideline rather than a rigid rule. The longevity of one's retirement and market conditions can influence how much to withdraw safely. 13:37 - Maximizing Employer Contributions: A Smart Move The seventh rule of thumb: maximize employer matching contributions to your retirement savings plan. Bill and Andy emphasize this as "free money" and encourage listeners to take full advantage if possible. 14:35 - Hedging Against Inflation: Protecting Your Wealth They explore rule number eight: prioritizing hedges against inflation. The brothers share insights on how bonds, money market accounts, and stocks can help counteract inflation's impact over the long term. 15:33 - 100 Minus Age Rule: Stock Allocation Strategy The ninth rule: the 100 minus age rule, which suggests how much of your portfolio should be allocated to stocks. They express that this rule may be too conservative for younger investors and provide alternative approaches. 17:23 - Redefining Retirement: Beyond the End of Work The episode closes with the final rule: retirement is the end of work. Bill and Andy challenge this idea, offering a perspective that retirement can be a new beginning filled with purpose, hobbies, and personal growth. "Retirement is about living out your purpose in life." – Bill     Key Takeaways: Social Security: Delaying can boost your income, but personal health and financial needs might dictate a different approach. 401(k) Loans: Should generally be avoided to prevent interrupting growth, except in critical emergencies. Mortgage: Paying off your mortgage early depends on interest rates and whether that money could work better for you elsewhere. Diversification: Crucial as you near retirement to spread out risk. Investment Strategy: Stick to long-term goals rather than trying to time the market. 4% Rule: Useful as a guideline, but individual factors like longevity and income needs matter. Employer Contributions: Always maximize these if possible for free money toward your retirement. Inflation Hedge: Consider a mix of bonds, stocks, and other vehicles to keep up with inflation. Stock Allocation: Be more aggressive when you're younger but taper down as retirement approaches. Retirement Mindset: Retirement isn't the end of work but the beginning of a new phase in life.     Memorable Quotes: "You don't know when the last grain of sand's going through your hourglass." – Andy "Retirement is about living out your purpose in life." – Bill "There's risk everywhere, so spread it out as you get closer to retirement." – Andy   Resources Mentioned: https://www.horizonfg.com