May 1, 2018
In the 13th episode of the Confident Wealth Podcast, Bill Bush
and Pete Bush talk about the crucial questions that clients ask
financial advisors to prepare for retirement, and the questions
advisors ask clients. Gain a deeper insight into the importance of
financial advisement, why you shouldn’t settle on just Googling for
answers, and what makes for a solid client/advisor
relationship.
Time Stamped Show Notes:
● 00:40 – Bill and Pete Bush have been podcasting for about six
months.
● 02:20 – There is a massive amount of information that causes
confusion.
● 03:23 – Am I on track to have enough money to retire?
● 03:54 – What are the expenses that will occur later on and what
will be the income streams?
● 05:04 – Factor in inflation, because how much you will need will
increase in the future.
● 05:14 – What does your portfolio need to do to meet your
goals?
● 06:34 – Am I allocated properly?
● 07:59 – Your 401K plan for instance, you can have that allocation
creep that happens, unless you don’t have the auto-rebalancing
plugged in.
● 08:48 – Am I going to be ok to retire early?
● 09:56 – Leaving a legacy to kids is important to many people.
● 11:22 – How long should I prepare to live for with my retirement
plan?
● 12:46 – How much insurance do I need to have?
● 14:28 – Its not the questions that you have for your advisor, it
is the questions that your advisor has for you that make the
difference in that relationship.
3 Key Points:
1. Answers are easy to find, but questions are harder to know to
get the information you need.
2. Inflation should be factored in because how much you will need
will increase in the future.
3. Its not just the questions that you have for your financial
advisor, it is the questions that advisor has for you that make the
difference in that relationship.
Tweetable Quotes:
- “Answers are everywhere, they’re free, they’re easy to go get.” –
Pete Bush.
- “What are the questions to ask of yourself, your particular
situation, and most people can get maybe two or three questions in
before they run into a question that they don’t know the answer
to.” – Pete Bush.
- “Are there any causes or other people that you care deeply about
that you would love to leave a legacy to?” – Pete Bush.
Resources Mentioned:
● Horizon Financial Group –
website for Horizon Financial Group
● Confident
Advisor Practice – podcast for Confident Advisor Practice