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_outlineSummary: 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:
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[00:00] Planning for Retirement: Funding Your Desired Lifestyle
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Understanding where you are now and where you want to go.
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The importance of having a clear vision for your retirement lifestyle.
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How to fund your retirement goals with discretionary cash and investments.
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[03:04] Understanding Risk and Volatility in Investing
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Clarification of the difference between market risk and volatility.
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The importance of staying invested in equities to combat inflation.
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Reference to Sir John Templeton's quote on market behavior.
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[05:22] Investing in Large Companies as an Inflation Hedge
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Discussion on how big companies and the S&P 500 play a role in long-term growth.
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The impact of inflation on purchasing power and the importance of investing in equities.
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[07:46] Avoiding Common Investment Mistakes
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Discussion on different financial products like annuities, bonds, and equities.
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Avoiding common investment mistakes, particularly in tax planning.
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[09:42] The Importance of Personalized Financial Advice
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The significance of working with a financial advisor who can provide personalized guidance.
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Avoiding the "one-size-fits-all" approach to retirement planning.
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[17:30] Building a Diverse Portfolio with Different Investment Tools
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The importance of having a diversified investment strategy.
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Matching the right financial tools with your retirement goals and the role of various investment vehicles.
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Quote of the Episode:
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"Among the most dangerous words in investing are, 'It's different this time.'"
Closing Remarks:
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Reminder: Your retirement plan should be as unique as you are. The right tools and strategies will vary based on individual circumstances.
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Next Steps: Consider consulting with a financial advisor who can help you navigate your specific retirement journey with a tailored approach.
Resources Mentioned: