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
https://proutfinancialdesign.com/wp-content/uploads/2017/01/The-Generosity-Epidemic.mp3Podcast: DownloadDid you know that we are biologically wired to give? Oxytocin (the love/trust hormone) suppresses the stress hormone cortisol.
https://proutfinancialdesign.com/wp-content/uploads/2017/01/Where-are-You.mp3Podcast: Download“Your quality of life and your quality of finances is controlling what you can control. Psychology is what controls
https://proutfinancialdesign.com/wp-content/uploads/2017/01/Tale-of-Two-Brothers.mp3Podcast: DownloadHave you heard the tale of twin brothers who ended up in two extremely different places in life? One
https://proutfinancialdesign.com/wp-content/uploads/2017/01/Banking-on-Parents-9.22.16-sho.mp3Podcast: DownloadAccording to U.S. Census data, the majority of 18- to 34-year-olds are living with their parents (31.5% to be
https://proutfinancialdesign.com/wp-content/uploads/2017/01/Social-Security-Tips.mp3Podcast: DownloadNationally, 1 in 6 people receive a Social Security check. That’s 60 million people! In Leelanau County alone, 1
https://proutfinancialdesign.com/wp-content/uploads/2016/08/010-Robo-Advisors.mp3Podcast: Download“Robo Advisors” from New Retirement Radio The Podcast by Dennis Prout and Shea Petaja
https://proutfinancialdesign.com/wp-content/uploads/2016/08/009-Top-10-Retirement-Facts.mp3Podcast: DownloadJeff Levine from Ed Slott and Company, LLC has written out the 10 Retirement Facts you’ll need in 2016.
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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