https://proutfinancialdesign.com/wp-content/uploads/2023/03/Prout-010523_release.mp3Podcast: DownloadOn today’s show, CPA Jon Sluis joins us as we sharpen our focus and (hopefully) our financial well-being as
https://proutfinancialdesign.com/wp-content/uploads/2023/04/Prout-121522_Release.mp3Podcast: DownloadLast week, a gentleman had a question about finding a financial advisor in his community. Based on that inquiry,
https://proutfinancialdesign.com/wp-content/uploads/2023/04/Prout-120822_release.mp3Podcast: DownloadBecause Christmas is just around the corner, we’ll quiz Ron Jolly on some common retirement questions to see what
https://proutfinancialdesign.com/wp-content/uploads/2023/04/Prout-120122_Release.mp3Podcast: DownloadWow, what a difference a month makes, right? It seems while we’re still celebrating Thanksgiving, the next question becomes,
https://proutfinancialdesign.com/wp-content/uploads/2023/04/Prout-111722_Release.mp3Podcast: DownloadIf you’ve listened to our program long enough, you know that when going through your year-end tax planning, we’ve
https://proutfinancialdesign.com/wp-content/uploads/2023/04/Prout-1101022_Release.mp3Podcast: DownloadThe ink has not yet dried on all the changes brought about by the Secure Act of 2020 and
https://proutfinancialdesign.com/wp-content/uploads/2023/04/Prout-110322_Release.mp3Podcast: DownloadAccording to Pew Research Center, the rate of retirement for Boomers has accelerated since COVID-19 began. Nearly 29 million
https://proutfinancialdesign.com/wp-content/uploads/2023/04/Prout-102722_Release.mp3Podcast: DownloadWhen should I collect Social Security? How do I find out how much my benefits will be? What about
https://proutfinancialdesign.com/wp-content/uploads/2023/04/Prout-102022_Release_48k.mp3Podcast: DownloadA recent headline from a well-known financial publisher read: What to Do When Recession Threatens Your Retirement. Many of
https://proutfinancialdesign.com/wp-content/uploads/2023/04/Prout-101322_Release.mp3Podcast: DownloadWhen “life” happens (as it certainly has this past year) to those with retirement accounts, questions often arise regarding
Dennis J. Prout, CFP®
They told you that time would go fast and that it would gain speed with age. Here you are, so many years later realizing that this is true.
St. Augustine said, "The future is the logical conclusion of decisions made in the present day." He couldn't have been more right. In hindsight, you would have saved a little more, worried a little less and taken more time planning for this moment - your retirement —or, as they say, your "golden years."
There are two things weighing heavily on your mind:
The first: Did you save enough during your working years? Not just save, but did you plan appropriately?
The second: Will you have enough to live on for the next 20 to 30 years? Can you maintain your financial independence?
Speaking of independence…. you start to think of your children. They are grown and have their own families and responsibilities. You love them but you don't want to be dependent on them. You'd like to leave assets to them if you can, but you'd rather see those go to your grandchildren. Will they appreciate it?
Your mind wanders to the million little decisions made along the way. There are so many details to consider when you assess a lifetime of discipline and hard work. Oddly enough, you realize that retirement planning is the only plan where you start from an unknown end date and work backward - to now. Future you, I suggest you use hindsight as foresight. Remove the mystery and replace it with a plan. After all, who wants to spend their retirement catching up? Unless, of course, it's with old friends, family and those little ones who have your heart.
Sincerely,
1040 E. Front Street & Traverse City, MI 49686 www.proutfinancialdesign.com
(p) 231.947.3992 (f) 231.947.3995 (tollfree) 800.968.2588
Advisory Services offered through Capital Asset Advisory Services, LLC, a Registered Investment Advisor.
