The LEARNING library

Tune in to valuable financial insight on WTCM AM 580 at 10:10 a.m. every Thursday to listen and learn while Retirement Planning Expert, Dennis Prout, CFP, and co-host Shea Petaja discuss and answer your questions on the latest financial news, tips, and strategies.

If you miss the Thursday show, you can hear it rebroadcast every Saturday at 9:00 a.m. on AM 580.

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Questions or comments?

Call (231) 947-7675 during the show to talk with Dennis and Shea on the air.


RECENTLY ADDED

Play The Economy and More radio show
The Economy and More February 13, 2020

https://proutfinancialdesign.com/wp-content/uploads/2020/02/The-Economy-and-More.mp3Podcast: DownloadIn this episode Dennis Prout talks about the economy and current situations such as the Coronavirus that could have an impact globally.  Also discussed is the Secure Act and the Required Beginning Date (RBD), which is the date an individual is required to begin taking their Required Minimum Distributions (RMD).

Play They’re BAAAAAAACK radio show
They’re BAAAAAAACK February 6, 2020

They’re BAAAAAAACK! February 6th, 2020
Dennis, Heidi and the team are back from their annual TD Ameritrade Conference in Orlando, Florida. It’s always a mind-blowing experience to hear from global experts in the world of finance and beyond. So today, we’ll cover exciting topics from blockchain to bitcoin. The global market is getting close to home. In fact, it’s already in your backyard.

And speaking of your yard, if you expect to find a pot of gold buried there, think again. Most families plan on leaving their treasures to charities, which isn’t such a bad idea considering that Millennials are turning out to be the most generous generation yet.

Play Heidi and Shea Talk Money radio show
Heidi and Shea Talk Money January 31, 2020

Did you know that Heidi and I (Shea) have been working together for 11 years now? Over the last few years we have developed a workshop for women called “Flourish.” This event teaches women how to look at planning for their financial future from the bird’s-eye view. This broad perspective helps us decide where we want to land in retirement.

Turns out, men want to hear the information too!

You’re in luck! Heidi and I are taking over the studio to share portions of our workshop with you. This is also a great show for younger family members who are trying to understand how and why they should get started.

Play Health Care Taxes radio show
Health Care Taxes January 23, 2020

Chances are you have heard about the 3.8% surtax that went into effect in 2013 under the Affordable Care Act – but do you know if and when you might need to pay it? Despite changes to the tax code in recent years, the Medicare tax and net investment income tax remain in effect. This surtax requires that an additional tax be paid by those with investment income, whether from interest, dividends, capital gains or rental properties when they are above the annual income threshold. Trusts and estates are hit especially hard; they reach the income threshold at only $12,950 in 2020. For those still earning wages or self-employment income, there might be an additional 0.9% Medicare tax to consider as well.

Play Decision Fatigue radio show
Decision Fatigue January 16, 2020

After analyzing over 225 million hours of working time in 2017, RescueTime found the average digital user switches between tasks more than 300 times per day during working hours. Daily we are making decisions about work while simultaneously managing our families, health and finances. Our digital lives, which was intended to make management easier, have made us accessible 24/7.

As a nation, I wonder if we are experiencing decision fatigue. How does one get ahead with their financial goals when the path to get there is crowded with so many immediate demands.

Tune in today and we talk about the psychology of money while giving you tangible ways to systemize your investment plans. If you want to learn more about how to manage decision fatigue, check out this Fast Company article.