Mastering Exit Planning For Business Owners
The Runway Decade Podcast
In this episode of The Runway Decade Podcast, Bill and Pete Bush dive into the vital subject of exit planning for business owners, particularly those in their fifties. Pete shares insights from earning his Certified Exit Planning Advisor (CEPA) designation and outlines how business owners can start planning for a successful exit—years in advance. They walk through the three-legged stool of readiness, the impact of intangible capital, the structure of a successful exit team, and the value acceleration methodology that helps business owners be always ready, not just at retirement. Whether...
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Navigating Financial Wisdom: Quotes for Success
The Runway Decade Podcast
collection of quotes—from their book and beyond—that offer meaningful lessons about personal responsibility, discipline, investing, and long-term planning. Each quote sparks discussion on how these timeless insights apply to real financial life, especially for those in their 50s preparing for retirement. From Yogi Berra to Warren Buffett, the conversation is packed with wisdom and motivation to take action and shape your future today. ⏱ Time-Stamped Show Notes & Chapters: 00:00 – Preflight Announcement & Intro to the Theme The brothers set the tone with a fun “tray...
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Preparing for Risks in Retirement
The Runway Decade Podcast
In this episode, Bill and Pete Bush take a deep dive into the various risks associated with retirement. Drawing from their ongoing studies for the RICP (Retirement Income Certified Professional) designation, they unpack key categories of risk that can derail even the most well-thought-out retirement plans. From longevity and health concerns to market volatility and public policy shifts, they emphasize the need for proactive planning, emergency buffers, and a realistic outlook. This is not about fear—it’s about readiness. ⏱️ Episode Timestamps & Topics: 00:00 – Intro:...
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Play Ball!
The Runway Decade Podcast
In this episode of The Runway Decade Podcast, Bill and Pete discuss the intersection of baseball and financial planning. They explore how teamwork, coaching, and early financial education shape success, drawing insightful parallels between the sport they love and the business they live in day-to-day. From the importance of visualization and mindset to the timeless principles that stand the test of time, this episode is packed with valuable takeaways for both baseball enthusiasts and financial planners alike. Key Topics: 00:01 – Introduction Bill and Pete kick off the episode with the...
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New Year, New Focus
The Runway Decade Podcast
Episode Highlights with Timestamps [00:00] Introduction: Cleared for Takeoff The episode begins with a friendly welcome from Bill and Pete Bush. Reflecting on the transition into 2025: New beginnings, fresh plans, and the excitement (and challenges) of the New Year. [02:00] Why New Year's Resolutions Fail Pete discusses Steven Pressfield’s The War of Art and the concept of “Resistance,” the internal force that challenges personal growth and improvement. How to recognize and overcome resistance to stay committed to your goals. [04:00] Start the Year with a Financial Check-In Bill...
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Year-End Mindset
The Runway Decade Podcast
In this episode of The Runway Decade Podcast, Bill Bush and Brother Pete focus on the importance of adopting the right mindset as the year ends. They emphasize actionable steps for financial planning, highlight key year-end deadlines, and discuss how proactive health and financial practices overlap. Reflecting on their personal experiences and the importance of gratitude, they guide listeners on how to approach 2025 with clarity and intention. Key Discussion Points 00:00 – Introduction to the Runway Decade Podcast Bill kicks off the episode with a signature aviation-themed welcome....
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The Road Diverges
The Runway Decade Podcast
Introduction Hosts Bill and Pete Bush dive into a thought-provoking discussion about a pivotal moment in every financial journey where "the road diverges." This episode explores the crucial choice people face when determining their financial future—one path leading to confidence, success, and security, while the other leads to regret and missed opportunities. Bill and Pete share insights on why some struggle to choose the more secure path and how to build momentum toward financial confidence. Episode Highlights · [00:22] The Diverging...
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Taking Action!
The Runway Decade Podcast
In this episode of The Runway Decade, Bill and Pete dive into the crucial topic of taking action in financial planning. They emphasize the importance of creating an actionable checklist and how an accountability partner can help keep you on track. The discussion highlights the psychological concept of visualizing your future self and its impact on your current financial decisions. Throughout the episode, Bill and Pete stress that planning without implementation is meaningless and that financial progress comes from adapting your plans to life's changing circumstances. They encourage listeners...
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Ways To Get There
The Runway Decade Podcast
Summary: In this episode of The Runway Decade Podcast, Bill and Pete Bush of Horizon Financial Group and authors of the book The Runway Decade, discuss the various strategies and financial vehicles available to help you achieve your retirement goals. They dive into the importance of planning for a potentially lengthy retirement, managing risk versus volatility, and the significance of having the right tools to ensure financial success. Key Topics Discussed: [00:00] Planning for Retirement: Funding Your Desired Lifestyle Understanding where you are now and where you want to go. The...
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What's Working? What's Not?
The Runway Decade Podcast
In this episode of the Runway Decade Podcast, hosts Bill Bush and Brother Pete delve into the intricacies of managing finances as you approach the later stages of your career, emphasizing the common financial planning mistakes and how to correct them. Through engaging discussions and a client story, they explore the importance of auditing your financial health, the role of a financial advisor, and practical strategies for maximizing retirement savings and investment performance. Episode Highlights · 00:00:02 - The episode...
info_outlineIn this engaging episode of the Runway Decade Podcast, Bill Bush and Brother Pete delve into their journey since the release of their book, "The Runway Decade," reflecting on how quickly time has flown and the importance of planning for retirement. They explore the crucial first steps in retirement planning, emphasizing the power of envisioning a clear and compelling retirement vision, and offer practical advice on making this vision a reality. The dialogue is rich with anecdotes, insights, and a deep dive into the strategies for achieving a fulfilling retirement.
Episode Highlights:
- **00:00:23** Bill Bush introduces the podcast and their focus on the critical timeframe for retirement planning, utilizing the analogy of a runway to discuss the accelerated passage of time and its implications on planning for the future.
- **00:01:20** The dialogue shifts to the significance of the book's launch and the precious timeframe of a decade in the context of retirement planning. They recount personal reflections on aging and the rapidity of time, tying it back to the necessity of early and thoughtful retirement planning.
- **00:02:06** Bill and Pete pivot to the topic of developing a retirement vision, underscoring the invaluable exercise of picturing one's retirement party. This imaginative process aims to crystallize a detailed and aspirational vision of retirement, which lays the groundwork for targeted planning and goal setting.
- **00:03:30** The conversation delves deeper into the strategy of visualizing the future to escape the busyness of the present. They illustrate how stepping out of daily tasks and envisioning a blank canvas for the future can profoundly impact retirement planning efforts.
- **00:04:18** They engage in a thoughtful discussion around the details that shape a retirement vision, such as who is present in the envisioning exercise and the specifics that make the vision tangible and personal. This level of detail helps solidify the connection between current actions and future outcomes.
- **00:05:09** Reflecting on the concept of "writing the history of the future," the hosts encourage listeners to adopt a proactive stance toward retirement planning. By vividly imagining and planning for desired outcomes, individuals can significantly influence their future circumstances.
- **00:06:40** Bill shares a personal anecdote about planning for his daughter's education, illustrating how a long-term vision and incremental steps can lead to the realization of significant life goals, drawing a parallel with retirement planning.
- **00:08:04** The conversation turns to the philosophical and motivational underpinnings of retirement planning. They instill a sense of agency and responsibility, broaching the topic of public perceptions and personal accountability in securing one's own retirement future.
- **00:09:40** Bill and Pete discuss the modern retirement planning landscape, including the rise of defined contribution plans like 401(k)s, and the importance of actively managing these tools to ensure a secure retirement.
- **00:11:17** The hosts offer practical advice on how to begin creating a retirement vision, touching upon lifestyle preferences, financial goals, and the importance of dreaming big to achieve an ideal retirement.
- **00:12:04** Insights are shared on considering the practical aspects of retirement, such as housing, debt, and healthcare. They stress the significance of strategic planning in addressing these key areas to achieve a comfortable and secure retirement.
- **00:13:34** The episode highlights a success story of a couple entering retirement debt-free and emphasizes the profound impact of such achievements on the quality of retirement life.
- **00:15:04** Bill and Pete introduce resources available on their website to aid listeners in crafting their retirement vision. They champion the idea that tailored, introspective questions can lead individuals to articulate and pursue their unique retirement dreams and goals.
- **00:18:50** The episode concludes with a reminder of the foundational importance of planning in assuaging retirement-related worries and anxieties. Through planning, individuals can transform fear into confidence and anticipation.
Key Takeaways:
- The speed of time's passage underscores the urgent need for retirement planning.
- Visualization and detailed envision as critical strategies for designing a satisfying and meaningful retirement. Personal anecdotes and practical examples highlight the power of proactive, imaginative planning in achieving long-term goals.
- Addressing financial, lifestyle, and healthcare considerations strategically is essential for a fulfilling retirement.
Tweetable Quotes:
- "If you don't know where you're going, you'll probably end up someplace else." Reflecting on the importance of a clear retirement vision.
- "Whatever you vividly imagine, ardently desire, sincerely believe, and enthusiastically act upon must inevitably come true." On the potency of visualization and action in planning for the future.
Resources Mentioned:
- https://www.horizonfg.com/