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Jul 30, 2018

In the 16th episode of the Confident Wealth Podcast, Bill Bush and Andy Bush talk about the Horizon Financial Group’s internal program called the 401K Confidence System.

 

Time Stamped Show Notes:

  • 01:04 – The 401K Confidence System can be overlaid onto any plan regardless of the plan provider.
  • 01:31 – 1st Way the 401K Confidence System can be used: if a company wants a third set of eyes looking over their plan.
  • 02:14 – 2nd Way the 401K Confidence System can be used: with ongoing plan relationships.
  • 03:43 – Things to look for in a plan advisor: experience, designations,
  • 04:59 – Part 1 of the 401K Confidence System: the clarity conversation.
  • 05:22 – Part 2 of the 401K Confidence System: the confidence plan evaluation.
  • 07:44 – Part 3 of the 401K Confidence System: the plan improvement report.
  • 09:54 – Part 4 of the 401K Confidence System: the guided transition step.
  • 12:22 – Part 5 of the 401K Confidence System: the participant engagement experience.
  • 14:45 – Part 6 of the 401K Confidence System: your fiduciary check-up.

 

3 Key Points:

  1. The 401K Confidence System has six steps and can be used as a third party set of eyes and on an ongoing basis.
  1. If you haven’t seen your financial advisor in a long time, you are paying for service that you aren’t getting.
  1. Horizon Financial Group has assisted retirement plans for industries such as:

    healthcare, engineering, law firms, and construction companies.

 

 

Tweetable Quotes:

-    “What are you excited about your plan? What is not working with it? What opportunities that you’ve maybe heard of but you haven’t taken advantage of yet?” – Andy Bush.

-    “The confident plan evaluation…the forensic deep dive into their plan. It is the “do you know” conversation.” – Andy Bush.

-    “They have an advisor, which is good. But they haven’t seen their advisor in quite some time, which is not good.” – Andy Bush.

 

Resources Mentioned: