Nonleveraged employee stock ownership retirement plan
A defined contribution retirement plan in which a company contributes either cash to purchase outstanding shares of company stock or […]
A defined contribution retirement plan in which a company contributes either cash to purchase outstanding shares of company stock or […]
A life insurance policy in which the company does not distribute to policyowners any part of its surplus.
This type of fund structure reinvests dividends the date of receipt and pays them out via a quarterly cash distribution.
Over the counter trading is conducted by market makers in OTCBB and Pink Sheets securities using inter-dealer quote services like
Stock that trades at a higher price than the issuing company’s reputation, earnings outlook, or financial situation would seem to
A life insurance policy under which the company agrees to distribute to policyowners the part of its surplus that its
The printed legal document stating the terms of insurance contract that is issued to the policyowner by the company.
The amount actually paid on a life insurance policy at death or when the policyowner receives payment at surrender or
The person who owns a life insurance policy. This is usually the insured person, but it may also be a
The combined holdings of stock, bond, commodity, real estate and other investments by an individual or institutional investor.

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.