https://proutfinancialdesign.com/wp-content/uploads/2017/01/Theres-a-Lot-of-What-Ifs.mp3Podcast: DownloadWhile some tax deductions are obvious, others aren’t. Kiplinger just released its “23 Most Overlooked Tax Deductions” list, and […]
https://proutfinancialdesign.com/wp-content/uploads/2017/01/How-to-Use-Your-Money-Early.mp3Podcast: DownloadUsing your retirement savings for something other than its specified purpose is possible, but it needs to be done
https://proutfinancialdesign.com/wp-content/uploads/2017/01/10-Economic-Forecast-Questions.mp3Podcast: DownloadMost folks either survived or thrived in 2016. This year we have a new administration in the government, unusually
https://proutfinancialdesign.com/wp-content/uploads/2017/01/Mergers-and-Acquisitions-Interview-w.mp3Podcast: DownloadFor a business owner most of their investments may be in their business, which could be the single largest
https://proutfinancialdesign.com/wp-content/uploads/2017/01/Financial-Goal-Setting-for-2017.mp3Podcast: DownloadIn this episode Dennis Prout and Shea Petaja review the Five Year-End Mistakes You Won’t Want to Make, along
https://proutfinancialdesign.com/wp-content/uploads/2017/01/No.-1-Regret.mp3Podcast: DownloadAccording to MarketWatch, the No. 1 regret of older Americans is not saving early enough for retirement. Their second
https://proutfinancialdesign.com/wp-content/uploads/2017/01/Its-Not-Fair.mp3Podcast: Download“THAT’S NOT FAIR!” How many times have you heard this from your kids as they were growing up? Perhaps
https://proutfinancialdesign.com/wp-content/uploads/2017/01/A-Show-for-Veterans-Day.mp3Podcast: DownloadThis show highlights specific regulations that are for the military and Dennis Prout speaks to the immediate economic outlook
https://proutfinancialdesign.com/wp-content/uploads/2017/01/Start-at-the-Beginning.mp3Podcast: DownloadI (Shea) tend to shy away from experiences or feel too embarrassed to join conversations when I don’t know
https://proutfinancialdesign.com/wp-content/uploads/2017/01/Year-End-Planning.mp3Podcast: DownloadHave you noticed the Christmas decorations already in retail stores? They’ve situated Santa Clause between the Halloween costumes and
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,
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