In The Middle
According to TIME magazine, an American born today has a projected lifespan that’s 20 full years longer than one born […]
According to TIME magazine, an American born today has a projected lifespan that’s 20 full years longer than one born […]
Our guest this week is Ken Mentz. His degree in Business Education and Accounting led him to working alongside middle
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Recently, we’ve been getting more inquiries about planning for retirement as a single person. Typically, so many retirement conversations center
Every 67 seconds, someone in the United States develops Alzheimer’s disease. Currently, 5 million Americans have Alzheimer’s disease, and two-thirds
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Dennis just returned from his two-day Ed Slott IRA Seminar with enough information to fill several radio shows. Today, we
Every New Year, the Prout Financial Design team ventures off of the property for a “day away” retreat with Leadership
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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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