Larry Maddox Interviewed by U.S. News & World Report about the Importance of Having a Long-Term Savings Plan

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Preparing a long term savings plan

Horizon Wealth Advisors Partner and President, Larry Maddox, recently contributed to a U.S. News & World Report article titled “How to Give Yourself a Midyear Financial Checkup” which covers nine things you can do now to increase your savings over the long-term. Maddox specifically addresses why it is necessary for any anyone who hopes to pay for his/her child’s college tuition to have a savings plan in place, saying “We expect inflation to continue to run at 5% and with this level of inflation, a child born on August 1 will need around $58,000 for public university to begin college in 2036.”  According to the article, a 2018 survey from Varo Money concluded that 30% of consumers are perpetually stressed about money in large part due to their lack of savings. The study found that 66% of adults reported not having enough money set aside in case of an emergency and 46% reported having no savings. Learn more about Larry Maddox’s thoughts on this topic in the U.S. News & World Report article titled “How to Give Yourself a Midyear Financial Checkup”.


Horizon Wealth Advisors is a Houston based fee-only wealth management firm. Horizon is a fiduciary advisor. We specialize in helping successful individuals and families understand, organize, and manage their often complex financial situations. Horizon offers integrated financial planning and investment management services.

Owen Murray, CFA
Owen Murray joined Horizon Advisors in 2005. As a core member of the wealth management team, Owen is principally involved in investment research and portfolio construction.

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