In February's episode of the Runway Decade Podcast, hosts Bill Bush and Brother Bill Bush delve into the intricate world of taxes, particularly focusing on the importance of tax planning for the upcoming season and strategic approaches to retirement. They discuss the timing and strategies for IRA and HSA contributions, the significance of Roth conversions, and the value of tax diversification in retirement accounts. The episode provides a comprehensive overview of tax-efficiency and retirement planning.     Episode Highlights:   ·         00:00:02- The episode kicks off with a standard safety briefing metaphor suggesting the episode has been cleared for takeoff, signaling an in-depth journey into tax season and its implications.   ·         00:00:23 - Bill Bush introduces himself and the podcast, highlighting the timing of the episode around tax season and the importance of preparing tax documents like the 1099s and W-2s. This sets the stage for a broader discussion on tax filing, extensions, and the various documents individuals and businesses need to gather for accurate tax reporting.   ·         00:01:18- The hosts explore the idea of either receiving a large refund or opting for more consistent financial flow throughout the year. This segment unpacks the dilemma many face during tax season - whether to adjust withholdings to increase monthly income or to opt for a large tax refund, effectively loaning money to the government interest-free.   ·         00:02:50 - They discuss actionable steps that can still impact your 2023 taxes, like contributing to IRAs or HSAs, highlighting the importance of deadlines and the benefits these contributions can bring, especially from a tax deduction perspective.   ·         00:03:47- Bill emphasizes the significance of tax diversification for retirement, explaining how having a mix of taxable, tax-deferred, and tax-free accounts can provide financial flexibility in retirement. This strategy can help manage taxation on withdrawals and optimize the available funds.   ·         00:04:40 - Illustrating the concept of having enough liquid savings to cover initial years of retirement to manage risks associated with a down market, the conversation shifts towards strategies that ensure financial stability during early retirement years without having to liquidate investments at inopportune times.   ·         00:06:22 - The discussion moves to different investment accounts and strategies for tax efficiency and wealth growth, including Roth conversions and the strategic use of HSA accounts. They delve into the pros and cons of different approaches in preparation for retirement.   ·         00:08:13 - Exploring the potential for higher tax rates in the future, the hosts share strategies for Roth conversions to lock in current lower rates, discussing the importance of evaluating one's individual tax scenario to make informed decisions.   ·         00:09:54 - They touch on the generational differences in utilizing Roth accounts and the changing perspectives on retirement savings, emphasizing that Roth conversions and contributions are not just for younger people but can be part of a broader strategic plan at any age.   ·         00:11:29 - Addressing the Secure Act's implications on retirement planning, particularly around Roth 401(k)s and traditional IRAs, they note the changing landscape of retirement account regulations and strategies to adjust for those planning their retirements.   ·         00:13:08 - A personal story illustrates why it's crucial to have a clear vision of one's retirement goals, including where to live and expected lifestyle, to accurately plan for income needs and tax strategies.   ·         00:14:36- The hosts tackle tax optimization strategies, suggesting real-time adjustments to withholdings or contributions to retirement accounts to better manage the following year's tax liabilities.   ·         00:15:25 - Diving deeper into the psychology behind tax refunds, the discussion encourages listeners to aim for a neutral tax outcome, where neither a large debt nor a large refund is realized, emphasizing smarter money management across the year.   ·         00:16:12 - They explore more sophisticated tax planning strategies for reducing taxable income in the coming year, including donor-advised funds and tax-deferred investments, urging listeners to begin planning early.   ·         00:19:08 - The episode concludes with reflections on the tax conversation's value and a recap of strategies discussed, emphasizing proactive planning for tax efficiency and retirement readiness.   Key Takeaways:   1.     Tax planning requires understanding and adjusting withholdings to avoid giving the government an interest-free loan. 2.     Retirement planning should include tax diversification and understanding the benefits of different account types for a secure financial future. 3.     . Roth conversions can be a strategic move for many, not just younger taxpayers, to lock in lower tax rates and ensure tax-free withdrawals in retirement. 4.     Proactive and early planning can lead to significant tax savings and more efficient retirement income management.     Tweetable Quotes:   - "Tax planning: It's about giving yourself more control over your finances throughout the year, not just at tax time." – Bill Bush   - "Retirement is not just about saving; it's about planning for tax efficiency and securing your financial future." - Bill Bush

On today's episode of the "The Runway Decade Podcast," hosts Bill Bush and Pete Bush, advisors at Horizon Financial Group discuss the new year, the excitement for growth at Horizon Financial, and the critical importance for individuals turning 50 to consider comprehensive financial planning.   Episode Highlights: ·         01:40: The discussion focuses on the positive outcomes for Horizon Financial Group and its clients in the previous year. They express anticipation for the growth and opportunities in the new year. ·         02:51: The hosts talk about to the move into a new building in 2023, where Bill reflects on the significance of this move and emphasizes the importance of having long-term goals and being prepared for unexpected opportunities. ·         04:19: The hosts talk about the challenges of resisting tempting treats during the holiday season, such as chocolates, candies, and Mardi Gras King Cakes in Louisiana. ·         05:31: Bill mentions turning 59 in August and reflects on the changes and milestones experienced during his 50s, such as moving back to Baton Rouge. ·         07:46: Pete poses a key question, asking whether this will be the year for individuals to make a financial plan. The hosts discuss the awakening that occurs in one's early 50s when the realization of retirement and financial planning becomes more apparent. ·         09:37: The conversation delves into the financial challenges faced by Gen Xers, including student debt and the shift from traditional pensions to 401(k) plans. The hosts mention the responsibilities of the "sandwich generation," dealing with both children and aging parents. ·         10:58: Pete emphasizes the importance of acting, making a plan, and seeking advice. He encourages listeners to make progress on their financial goals and use the matrix as a tool for self-assessment. ·         11:28: Bill and Pete discuss the concept of financial leaks, emphasizing the importance of stopping the leaks in one's financial life. They highlight the significance of assessing savings rates and managing unexpected expenses. ·         12:47: Pete introduces the concept of the retirement bill, comparing it to a mortgage. He encourages listeners to calculate how much they need for retirement and treat it like a bill to be paid down. ·         15:30: Pete and Bill emphasise the importance of seeking advice and taking action to avoid financial regret and anxiety.   Key Points: 1.    The hosts express enthusiasm for Horizon Financials’ growth in the upcoming year and stress the essential role of thorough financial planning. 2.    The conversation underscores the importance of financial planning for individuals hitting the milestone of turning 50, emphasizing the need to evaluate and address potential financial leaks. 3.    Listeners are urged to proactively pursue their financial objectives, with an emphasis on seeking advice, crafting a plan, and taking tangible steps to sidestep regret and anxiety.   Tweetable Quotes: ·         "Turning 50 is monumental, and as the older Gen Xers approach retirement, it's time to ask, 'Is this the year to create a solid financial plan?'" - Pete ·         "In the runway decade, turning 50 is a pivotal point. Evaluate your financial matrix, address potential leaks, and set the stage for a confident retirement." - Pete ·         "As we navigate through 2024, remember, political dynamics may change, but your financial goals remain. Seek advice, make a plan, and thrive!" - Bill   Resources Mentioned: ·         https://www.runwaydecade.com/  

On today's episode of the "The Runway Decade Podcast," hosts Bill Bush and Pete Bush, advisors at Horizon Financial Group discuss their recent move to a new building and reflect on the 18 years spent in the previous one. They highlight the excitement of settling into a new studio and navigating the unfamiliar surroundings. As the year comes to a close, they emphasize the significance of the year-end financial planning webinar Bill conducted in November. Bill mentions a checklist from the webinar, available on the Runway Decade website and Horizon site, which covers crucial opportunities and considerations at the close of the year.   Episode Highlights: ·         01:58: Bill and Pete highlight the significance of harvesting gains and losses, considering the recent market fluctuations and the impact on capital gains tax. ·         02:24: Pete explains the process of offsetting gains with losses, illustrating how taxpayers can minimize their tax liability by strategically managing investment gains and losses. ·         03:10: The hosts mention the net investment income tax, its relevance for individuals with AGI over certain thresholds, and the importance of proactive planning with CPAs. ·         05:36: Bill mentions the potential impact of the Tax Cuts and Jobs Act, suggesting taxpayers project their income and consider the possibility of tax bracket changes. ·         07:32: The hosts delve into retirement planning, specifically emphasizing the importance of maximizing contributions to 401(k) plans before the end of the calendar year. ·         09:13: Bill and Pete discuss additional year-end financial planning considerations, including making IRA contributions, exploring Roth conversions, and opening retirement plans for self-employed individuals. ·         10:38: Bill emphasizes the importance of examining asset allocation, rebalancing portfolios, and considering tax-loss harvesting opportunities. ·         12:12: Pete addresses the impact of changing market conditions on different stock categories, encouraging investors to assess the tax implications of potential gains and losses. ·         14:06: The hosts discuss the tax implications of dividend distributions and the need for investors to anticipate taxable income from dividends. ·         15:23: Pete emphasizes the importance of having the right types of insurance coverage and being proactive in assessing coverage needs. ·         16:50: Bill introduces the topic of financial milestones, focusing on age-related events. The Rule of 55 allows penalty-free distributions from a 401(k) if you've left a job at age 55. ·         18:33: Pete mentions the significance of considering Medicare premiums, influenced by income. Changes related to moving, refinancing, marriage, ending a marriage, and updating beneficiaries are discussed. ·         20:26: The hosts highlight the benefits of Health Savings Accounts (HSAs), especially for those in high deductible plans, and the triple tax advantages they offer. ·         22:49: Bill and Pete discuss gifting and the importance of tracking basis for gifts and inheritance. They also touch on state-specific considerations, like Louisiana's 529 plan deductions. ·         24:13: The hosts stress the importance of seeking professional assistance, including CPAs and insurance agents, and emphasize the "who not how" concept from a book they previously discussed.   Key Points: 1.    Conduct a comprehensive review of your finances towards the end of the year, focusing on tax planning, investment strategies, and overall financial health. 2.    Be mindful of age-related financial milestones, such as retirement plan contributions at age 50 and Medicare enrolment at 65, to adapt your financial plan accordingly. 3.    Regularly reassess and rebalance your investment portfolio, considering market volatility. Explore tax-efficient strategies like tax-loss harvesting and Roth conversions for better financial outcomes.   Tweetable Quotes: ·         "In the financial world, the clock strikes midnight on December 31st, taking away many opportunities. Time to seize the last chance for year-end financial planning” ·         "Milestones matter! Age 50 brings catch-up contributions, 55 unlocks penalty-free 401(k) distributions, and 59½ marks the start of IRA withdrawals without penalties. Plan for these key financial checkpoints” ·         "Change is constant, be ready! Did you move, get married, or refinance your house? Don't forget to update your financial details. Small actions now can prevent big surprises later”   Resources Mentioned: 2023 Last-Chance Financial Checklist 2023 Key Financial Data Chart ·         https://www.runwaydecade.com/

On today's episode of the "The Runway Decade Podcast," hosts Bill Bush and Pete Bush, advisors at Horizon Financial Group are typically co-located for the podcast, this episode finds them connecting remotely via Zoom. The reason for their remote setup is not due to the common reasons of the past few years, hinting at the global pandemic, but rather a disruption in their usual operations. The hosts discuss the real reason behind their remote work situation. Their regular recording location has been infested with termites, causing significant damage that was worse than initially anticipated.   Episode Highlights ·         01:55: The hosts share that they had already planned to move to a new building on November 3rd. The termite situation offered a somewhat timely opportunity to prepare the old building for sale while getting ready to transition to their new location. ·         02:09: The conversation shifts to the broader theme of disruptions in life, particularly when things seem to be running smoothly or "on the runway." Disruptions can manifest in various ways, from economic changes and job layoffs to health issues and family matters. ·         02:53: The hosts hint at their book, "The Runway Decade," which discusses potential obstacles and challenges young adults might face in their 20s. The book provides insights into planning and dealing with life's unpredictability. ·         03:16: The hosts emphasize that while disruptions are inevitable, having a plan can provide a foundational guide to navigate through such challenges. Even when things don't go according to plan, having a strategy to fall back on can help individuals determine their next steps. ·         03:45: Drawing on the adage that the only constant is change, the hosts reflect on their own experiences with disruptions, particularly the impact of the pandemic. They discuss how the world has adapted to new norms, such as remote working and using tools like Zoom. ·         05:26: The conversation shifts to financial disruptions, such as divorce, death, job changes, or health challenges. Bill and Pete emphasize the need for teamwork, especially among professional advisors, during these challenging times. They discuss the importance of restoring confidence when faced with such significant life changes. ·         07:15: As the team transitions to the new space, the host discusses the intricacies and numerous tasks involved, such as updating addresses on letterheads, websites, and other collateral. ·         09:28: Emphasizing the seemingly minor yet significant time-saving, Bill and Pete shares how they once calculated the three to four-minute difference in driving time, multiplied by the number of trips they made, and factored in two cars. They amusingly note that such minute savings could translate to about two weeks saved annually. ·         11:02: The conversation pivots to a thought-provoking article from the Wall Street Journal, which tackled the age at which individuals tend to make their most optimal financial decisions. As the host reveals, the age pinpointed by the article is around 53 or 54, fitting perfectly within the "runway decade" age range that the podcast focuses on. ·         13:07: Pete discusses the optimal age for making the best financial decisions, referencing an article from the Wall Street Journal which suggests that age is around 53 or 54. This age range is termed as the "runway decade sweet spot." ·         15:41: The conversation touches on a referenced Wall Street Journal article and the significance of asking the right financial questions.     Three Key Points 1.    Bill and Pete discuss how economic recessions can lead to job disruptions and layoffs, affecting many people's livelihoods. They also mention other possible disruptions like health issues and family problems. 2.    The discussion emphasizes the role of experience and wisdom in refining one's financial outlook. By the time one reaches the runway decade, many previously held misconceptions or unrealistic expectations about finances have been dispelled, either through personal experience or by observing the experiences of others. 3.    Bill and Pete discuss the motivation and purpose behind their book, emphasizing the importance of financial awareness and preparation, particularly as individuals approach their 50s.   Tweetable Quotes ·         “Disruptions are almost guaranteed in one's journey. The notable quote from their book is highlighted: "Plan on planning for your plan not to go as planned." This emphasizes the importance of flexibility and adaptability in the face of unforeseen challenges.” – Bill ·         “Many retirees choose to downsize their homes to reduce maintenance and possibly transition into retirement communities. In contrast, the host's business is experiencing growth, leading to an "upsizing" of their office space.” – Pete ·         Individuals in their early 50s become more proactive and serious about their financial futures.” - Bill     Resources Mentioned ·         runwaydecade.com ·         Podcast Editing  

On today's episode of the "The Runway Decade Podcast," hosts Bill Bush and Pete Bush, advisors at Horizon Financial Group talk about Bill's recent weekend, where he celebrated his 40th high school reunion at Bellaire High School. The reunion was a combination of the classes of 1981, 1982, and 1983 due to the pandemic.     Episode Highlights ·         02:08: Pete mentions how the past is also somewhat "made-up" because people select specific memories to keep and leave others behind. He notes that high school graduation is one of those monumental moments in life that leaves a significant mark. ·         03:17: Bill reflects on the significance of his 40-year high school reunion, highlighting that some people might be having their 30-year reunion, which places them in their late 40s and entering the "runway decade." ·         03:23: Pete mentions the "future glimpse" aspect of their planning process from the book, where they project how people's lives will unfold based on their current age, including significant others, parents, kids, and spouses. ·         04:52: Bill and Pete discusses the introductory theme of their book, which involves making educated guesses about people's lives based on their age and life stage. He emphasizes that these guesses are not one-size-fits-all, but they can provide a starting point for forward planning, considering factors like what people may be thinking, doing, or how their children might be developing within a general range. ·         06:11: Pete and Bill discuss how rapidly technology and society change over time. They speculate about what life will be like 20 years in the future, and Pete mentions that people tend to adapt quickly to new technologies. ·         07:26: Bill mentions that their high school reunion was held in a historic downtown building, likely built in the 1920s. He mentions some of the history of some of the surrounding buildings, including previous uses as the Louisiana National Bank building and a hotel. ·         09:43: Pete and Bill discuss the importance of minimizing expenses as one approaches retirement. They emphasize the concept of "health and wealth" in their book and how going into retirement healthy and without debt can significantly boost financial confidence. ·         11:29: Pete discusses the concept of the "future self" and how people tend to prioritize their present selves over their future selves. ·         13:23: Pete mentions watching a behind-the-scenes show about Linda Ronstadt and the book "Die with Zero," which deals with using your resources wisely. ·         14:50: Pete discusses the importance of finding a balance between time, money, and health during your "Runway Decade." ·         15:10: Pete mentions the book "Die with Zero" and its idea of finding a balance between these three elements. He talks about the heart of the "Runway Decade" chapter, emphasizing the need to consider time, money, and health as you age.     Three Key Points 1.    Bill mentions a recent trip to Europe, where they saw a musical adaptation of "Back to the Future" in London's theater district. He notes that the musical is a time travel story, which ties into the theme of the "Runway Decade" podcast, where they focus on looking ahead to the future and planning for retirement. 2.    Pete and Bill discuss the significance of minimizing expenses and being healthy as retirement approaches. 3.    Pete discusses the importance of finding a balance between time, money, and health during a person’s "Runway Decade."     Tweetable Quotes ·         “Health and financial stability can boost confidence and reduce stress in retirement.” – Bill ·         “Thinking of the future self as someone you care about, like a long-distance friend or family member, can help foster a sense of responsibility and planning for that future self.” – Pete ·         “People tend to prioritize helping their present selves over their future selves.” - Pete     Resources Mentioned ·         runwaydecade.com

On today's episode of the "The Runway Decade Podcast," hosts Bill Bush and Pete Bush, advisors at Horizon Financial Group have decided not to have a guest and instead engage in a conversation with each other, reflecting on their journey and possibly discussing future plans. They mention having gained publicity through national magazines, open houses, and book signings, which improved distribution.     Episode Highlights ·         01:29: Bill and Pete reflect on the past year and the amount of content they have produced. They express curiosity about where their endeavors will lead in the future. ·         01:48: They mention that a significant portion of their business involves working with business leaders, particularly in the context of retirement plan management and consulting. They emphasize that dealing with business leaders is a substantial part of their professional activities. ·         02:55: The hosts delve into the characteristics of business leaders in more detail. They highlight that many business leaders have been with their respective companies for a significant period, contributing to the company's growth. ·         03:01: Leaders often receive attractive compensation packages, including benefits and perks, and they tend to have substantial account balances in retirement plans like 401Ks. ·        05:41: Business leaders often have extra perks, including equity ownership or synthetic equity arrangements. They might be offered deferred compensation plans or non-qualified deferred compensation plans as part of their compensation packages. ·      06:25: The host highlights several obstacles that business leaders face, including lack of time, being scattered across multiple financial accounts, procrastination, lack of knowledge, and disinterest in financial planning. ·      08:20: The host discusses their book "The Runway Decade" and its purpose. They clarify that the book isn't meant to provide specific solutions or advice for individual situations, as everyone's financial circumstances are unique. Instead, the book guides readers on how to think about financial planning and retirement transition by posing the right questions. ·         10:27: By going through the matrix and checking off what they know or don't know, people can identify areas where they need assistance and guidance. This process prompts them to consider questions such as retirement income projections, account balances, benefits, and contingencies for unforeseen events. ·         13:32: Bill and Pete discuss an upcoming event called CYA 360 (Cover Your Assets 360), which focuses on addressing the various risks that business leaders and owners face, both in their businesses and their personal financial lives. ·         15:06: The host emphasizes the significance of the runway decade for business owners and how CYA 360 can be particularly valuable during this time. ·         18:20: The hosts reflect on the guests who have appeared on their podcast over the past year.     Three Key Points 1.    For owners of the business, there is a direct link between their stake in the company's equity and the outcome of an exit or transition. However, business leaders who are professional managers, such as CFOs, HR officers, or operations leaders, might not have equity ownership, but they contribute significantly to the company's success and its equity value. 2.    Many people initially focus on investment planning when they think about financial advisors, as it's a common perception. However, the matrix illustrates that financial planning encompasses various areas that impact an individual's financial life. 3.    Bill and Pete emphasize that business owners are familiar with the industry-specific risks they encounter, as well as the economic factors affecting their businesses. However, they might not give the same level of attention to their personal wealth and the translation of their business success into their personal financial situation.     Tweetable Quotes ·         "A business leader doesn't necessarily have to be the founder or owner; it could also refer to an executive responsible for leading and advancing the business." – Pete ·         "Organizing your finances can provide a sense of control and understanding over your financial situation." – Pete ·         "CYA 360 is an event that catches the attention of business leaders and owners because they're accustomed to considering risk management for their businesses." - Bill     Resources Mentioned ·         runwaydecade.com

On today's episode of the "The Runway Decade Podcast," hosts Bill Bush and Pete Bush, advisors at Horizon Financial Group are going to talk to David St. Romain. He reflects on how his current work with veterans was a result of a personal journey and a higher calling.   Episode Highlights §  01:06: David St. Romain's participated in the TV show "Nashville Star" in 2007, where he finished third and gained national attention. §  02:00: David talks about facing a financial setback due to a declined grant for his non-profit organization, which serves military veterans through song writing workshops. §  03:32: David St. Romain mentions his previous work in individual song writing with girls who had been trafficked and his involvement in children's advocacy. §  04:00: David discusses an operational grant that fell through but mentions upcoming events and another foundation that will provide a small grant to support their operations. §  04:32: Bill and Pete, highlights the importance of using music as a tool to cope with pain and trauma. §  05:05: David mentions one of his board members who was a veteran they worked with and served alongside him in the National Guard in Louisiana. This connection influenced his involvement in veteran work. §  06:00: David shares his background, being born in Alexandria, Louisiana, and living in multiple houses and cities due to his father's job in the car business. His family eventually settled in Florida for six years before he attended Menard, a Catholic school, in Alexandria. §  08:28: David talks about his fearless and go-getter attitude, sometimes leading to poor decision-making. He joined the National Guard in 1997, attended college, and then moved to Nashville a few years later while on Individual Ready Reserve status. §  09:45: Despite the exposure from "Nashville Star," David still struggled to secure a record deal and faced challenges in promoting his single in 2011. He spent the next few years trying to make ends meet in the music industry. §  10:39: David talks about owning five albums, assets, and intellectual properties (IP). He mentions owning his own publishing and the masters of his recordings. He emphasizes the value of his IP and the importance of making the right decisions regarding it. §  14:31: The conversation shifts to David's musical influences, ranging from Metallica to R&B and country music. He mentions being influenced by Garth Brooks and the emergence of country music in the late '80s and early '90s. §  15:29: David reflects on his wide-ranging musical interests and mentions enjoying singing songs by artists like Chris Stapleton, Metallica, and even Britney Spears. §  16:39: The conversation continues with David talking about his talent show experiences in school and how he gained popularity among his peers, particularly the girls. He mentions being in choir and playing outside in school, attracting attention and friendships. §  18:39: David discusses his mindset regarding retirement and financial preparation. He mentions owning DSR Entertainment, his music company, and how his non profit organization allows him to retain his publishing and intellectual property rights. While he acknowledges the need for retirement preparation, he is focused on continuing his music career for the next 20 years. §  20:53: David shares his plans for writing a book based on his life story called "Hole in Me." He explains that the book will address his personal experiences, including childhood trauma, and serve as a tool for sharing his story and building his speaking career. §  24:44: David talks about another influential person, Randy Owen from Alabama, who was a judge on Nashville Star and had a connection to Speaker 4's wife's family. §  28:20: David discusses the impact of the COVID-19 pandemic on his music career and the support he received from unexpected sources.   Three Key Points 1.    David talks about writing a positive song called "Papaw's Hat" with one of his board members, reframing experiences to create a more positive outcome. 2.    David shares a powerful story about writing a song with a homeless veteran in a shelter. The song brought the veteran a sense of resolve and healing, which had a profound impact on him. 3.    David mentions two significant mentors in his life: his father and Dan Tyler, who has been his mentor in the music industry since the beginning of his career. He credits Dan for his guidance and involvement in his music journey, including writing songs and publishing.   Tweetable Quotes §  "From a young age, I knew that music was my passion. It has been a journey filled with memorable performances." - David §  "During the pandemic, I received support from unexpected sources, reminding me to stay faithful." - David §  "I had to make the difficult decision to stop playing gigs, but each time I pray about it, the Lord delivers." - David §  "Grateful for the support and love of my wife and children. They inspire and motivate me every day." - David   Resources Mentioned ·         runwaydecade.com ·         https://davidstromain.com/

On today's episode of the "The Runway Decade Podcast," hosts Bill Bush and Pete Bush, advisors at Horizon Financial Group are going to talk to Ray Castle, who has had one retirement already and is currently on the runway. They mention that Ray is known in the medical training world and has a diverse background that they were not aware of. Pete and Bill express their excitement about getting to know Ray's story better and believe that the listeners will enjoy it as well.     Episode Highlights ·         01:52: Ray Castle mentions that in addition to the revitalization of his hometown, there have been new restaurants opening up. He expresses his admiration for these restaurants, saying that they rival most restaurants in town. ·         02:38: Ray mentions that he learned to drive at a young age and had some mishaps with tractors, including running into trees. He also shares that his father had a heart attack when he was 49, which influenced their decision to go into the cattle business in the late 70s. ·         03.12: Despite the challenges, Ray stayed in the farming business for about six years. Pete and Bush relate to Ray's farming background, mentioning that their own family was involved in farming tobacco, corn and raising animals like pigs. ·         04:03: As a child, Ray Castle explains that he would mostly engage in activities on the farm. Ray mentions how his older brother and younger sister were simply immersed in farm life and its various tasks. ·         05.12: Ray Castle mentions that he attended Tensas Academy, a small private school, for his high school education. After high school, he came to LSU (Louisiana State University). ·         05:27: Ray confirms that he has always been interested in sports and participated in multiple sports during high school. However, he never initially realized that he wanted to pursue a career in healthcare. ·         05:48: Ray Castle explains that his parents never pressured him to choose a specific career path, but instead emphasized the importance of going to school and taking things step by step. They provided encouragement even when he was struggling academically or making mistakes. ·         06:53: Ray Castle shares his experience at LSU, where he initially pursued a major in geology but eventually realized that it wasn't the right fit for him. ·         08.42: Ray reflects on his interest in sports and decides to pursue a degree in kinesiology. He mentions considering a Med technology degree but ultimately opts for kinesiology, realizing that he can excel if he puts in the effort to balance work and study. ·         10.50: Ray Castle talks about a moment when he realized he needed to be more prepared for his kinesiology class. ·         12:32: Ray Castle talks about his experience as a student trainer at LSU. He mentions staying in Broussard Hall and working from 12:30 to 1, assisting the team. He mentions that the women's track team won their first back-to-back championships in Eugene, Oregon. ·         14:45: Ray Castle reflects on his experience working with different sports teams at LSU. He mentions the unique family atmosphere within athletics and how it felt to be part of that community. ·         15:24: Ray mentions working alongside Tammy Bianco, who was an athletic training student at the time. Ray describes the long to-do lists and tasks he had to complete, including budgeting, inventory management, and working during the summer. He notes that the current system has changed significantly compared to his time working with the teams. ·         17:40: Ray acknowledges the opportunity to work with great people throughout their 20-year tenure, and they mention that they retired in August. ·         19.07: Ray emphasizes the importance of having a solid foundation to build a successful career and personal life. ·         22:51: Ray talks about their experience working with various sports, including Olympic cycles. Pete and Bill mention working with Kathy Osborne and John Purdy, who worked at the Olympics. Kathy worked with USA women's basketball in Barcelona in 1992, and John worked at the Lillehammer Winter Olympics in 1993. ·         23:49: Ray shares how they have been involved in covering marathons and traveling to different locations for their work. ·         26:18: Ray describes their experience at a marathon where they were stationed at the medical tent. Ray then mentions being about 30-40 yards away from the first bomb site during the Boston Marathon bombing incident. They reflect on how, despite being taught not to take action in such situations, they found themselves instinctively responding and helping people in need. ·         29:33 Ray talks about the challenging transition to retirement and the painful process of leaving their previous career. ·         34:50: Bill mentions wearing an Apple Watch and the availability of data for monitoring human performance. Ray who is involved in the medical side of athlete training, talks about the changes and advancements in the field over the past 15 to 20 years. ·         36:51: Ray emphasizes the importance of exercise and mentions their personal experience with open heart surgery. ·         39:48: Ray discusses the importance of being aware of one's family history of cardiac events and how it can increase the risk of experiencing similar issues. ·         45:02: Pete, Bill and Ray expresses their appreciation for their partner, emphasizing the importance of enjoying each other's company and expressing love and affection every day. ·         49:02: Ray talks about his favourite music band. He also shares that their first pet was a Catahoula card Mix named Diamond, who had a small diamond-shaped marking on his forehead. ·         52:01: Ray shares about their best vacation, which took place in the Bahamas on an island called Spanish Wells. ·         54:02: Ray talks about their website, www.actionmed.co, where they offer services such as emergency care workshops, first aid and CPR certification training, and consulting in the field of emergency medicine.     Three Key Points 1.    Ray Castle shares how timing of their transition into the cattle business was good because the farming industry was changing and it was difficult to sustain a small farming business during that time, particularly in the late 70s. 2.    Ray talks about the coaches he worked with, including Pat Henry, Lauren Seagrave, and Dan Path, and how he learned a lot from them in terms of technical skills and understanding the body. 3.    Bill, Pete and Ray discuss technology and hybrid learning, while pointing that younger generations learn faster than they did.     Tweetable Quotes ·         "I remember when I was 8th or 9th grade, my dad came home, and my parents never pushed me in one direction." – Ray Castle ·         "I am a firm believer that careers find you. You don't find them." - Ray Castle ·         "It was a lot of that was an incredible experience just to work with folks and see that beforehand and I left the day before all the craziness." - Ray Castle ·         "Just working on very simple things to be healthy doesn't take a lot to do that." - Ray Castle     Resources Mentioned ·         runwaydecade.com ·         https://www.actionmed.co/  

In today's episode of the "The Runway Decade Podcast," hosts Bill Bush and Pete Bush, advisors at Horizon Financial Group talk to Dr. Mike Davis; who is with CVT Surgical Center in Baton Rouge. He is a vascular surgeon. Dr. Davis talks about his craft, how he got into medicine, as well as his life in his 50s.     Episode Highlights ·         02:44: Mike talks about his childhood and from where he completed his education. He shares how he completed his general surgery and vascular training. ·         03:42: Mike reveals what happened that motivated him to gravitate towards the medical world. ·         05:39: Mike shares how is it being growing up a Bama fan, but now living in Baton Rouge ·         06:04: Back then if you got a magnifying glass down in one corner way down below somewhere, you would find the SEC scores, but absolutely nothing is written about it. ·         08:31: Pete has heard a lot of stories because people in the age group of 50 have started to have grandkids and they have a some of them name it and that's what sticks. ·         09:57: Dr. Mike is a classically trained vascular surgeon specializes in the treatment of peripheral vascular Disease…he’s Board certified. ·         10:52: The patient population shifted a little bit is what we refer to as either critical anesthesia or limb salvage. ·         11:03: There is a very large population of diabetics in town. That circulation drops to a point where it can become dangerous, and so Dr. Mike says that they have really embraced that and have treatments they are very proud of. What they do as far as saving rooms and preventing amputations, and it's been very successful. ·         13:27: Some people can die from some certain unexplained and not get an autopsy, and it just be written off as a heart attack. ·         14:54: Because of the complexity, medical management, wound care, imaging, all of this stuff is electrical to provide the kind of the whole care package for someone who may have or does have vascular disease. ·         16:17: Mike says that they feel that they do so much imaging and there are so much decision making made on the basis of those images that it has to be good. ·         17:41: Mike talks about his training and how they were trained with many different staff guys. There were times, particularly at night, when they would be in a situation to go do something as long as it was relatively minor, and the staff guy was comfortable that they could do it. ·         20:56: Bill shares how at a certain age he wasn't really thinking about retirement, but what he was trying to envision what if something happened to him. ·         22:22: As per Mike being on call is kind of getting a little old as he aged, but he really loves what he does, and he could foresee himself doing it for a long time as a God willing.           Three Key Points 1.    Mike shares how they manage a lot of things medically. How they have embraced technology. What used to require open surgery and incisions is now done with the needle and a catheter. 2.    Mike shares some of the things that somebody should be on the lookout for early detection. 3.    There are multiple risk factors that are out there that place you at risk for vascular disease essentially the same as what places you for coronary disease. It's the same disease but affects different vascular beds.     Tweetable Quotes ·         "I was about 8 years old when I decided I was going to be a doctor." - Mike ·         "In Minnesota, when we are there, if you wanted the sports scores from the SEC. You were kind of out of luck, but you could get the local paper or the Minneapolis paper." – Mike ·         "When we finally got to Baton Rouge, we were so excited to be back in to where we could watch SEC Sports." - Mike ·         "In our practice we have 5 board certified, specially trained vascular docs." – Mike ·         "I did five years of general surgery training, became a board-certified general surgeon before I could go on to my vascular training." - Mike     Resources Mentioned   ·         CVT Surgical Center www.runwaydecade.com  

In today's episode of the "The Runway Decade Podcast," hosts Bill Bush and Pete Bush, advisors at Horizon Financial Group, are going to talk to each other. This is the part of the series where they tell more of their story.   Episode Highlights ·         00:49: Pete had no idea when he came out of LSU playing baseball that he’d be in this business. He met a guy in the investment business, and he talked about coming to work for him, and around 1991, that was his entrance into this financial services career. ·         02:11: People always ask Pete, why did you get into financial service or why did you choose this as your profession and the truth is when you're young, you don't really know where to go and what to select. ·         05:02: Year 1999 was inflection point in Pete's life, because he got married early that year, then they broke off, started Horizon business, signed a contract to build the original office building across the parking lot from where they are now and converted the business model from commission based prior to a fee-based model going forward and doing financial planning and fee-based asset management. ·         09:25: Once your child learns how to drive and then begins doing their own things, then pretty soon it’s like we are going to start looking at colleges and next things, and it continues rapidly, says Bill. ·         10:26: When we sat and met the first time, it really kind of pushed us out of our comfort zone a little bit because it was like financial advisors are known to be boring and stale and stoic, says Pete. ·         11:37: When we met first in Opelousas we worked on a couple of projects…then in the meantime you guys' side said, what would you think about coming over and working for us some more, maybe on a permanent basis… and I was like, I am kind of in a good position, says Bill. ·         15:42: Pete always wants to stay connected to Horizon firm in some fashion because he doesn't consider himself a retirement guy. ·         19:40: Just coming off the pandemic, people were a little more unsure about everything in general. And we came up with the idea for The Runway Decade…a book  with the ideal age of 50-65.There is something about life in your 50s that resonates. ·         21:02: Pete recalls the first time he got paid any money was in the summer when they helped their dad build swimming pools, so the first pay check was working alongside Bill. ·         22:07: Earliest baseball memory that Pete remembers was playing with Bill, Joe, and Dad out at Thompson Lane and that love affair with baseball continues to this day. ·         24:02: Pete used to say the best money he ever spent was building the pool for his little ones at his house because when they were little, he wanted to have a house where their friends would come to their house, and instead of the kids went to somebody else's house.     Three Key Points 1.    Pete says that coming initially into the financial businesses and getting the licenses was the best path for Bill because then you could be an advisor. We need support on the 401K and wealth management advisors that would give you a better insight into the creative side. 2.    Pete always says, if you don't cut off the miracle of the compounding growth and you just keep trying to improve and get better and learn more and up your capabilities, the compounding effect works for you. 3.    Pete wants to stay in a place where he continually adds value, and this is one thing that gives him comfort knowing that he is adding value to somebody, and that is something he doesn't ever want to retire from.       Tweetable Quotes ·         "I fell in love with helping people, and that's what made me stay for almost 32 years in the business, and I still get that same dopamine button pushed when we're helping people." – Pete ·         "It's great to see our children kind of gravitate towards their interest and do their things." – Bill ·         "You have three kids, and we can see a little piece of you in all of them like your son Taylor, and Jacob got a lot of athleticism." – Bill       Resources Mentioned ·         runwaydecade.com ·         Podcast Editing