Promissory Notes
Promissory notes are a form of debt that companies sometimes use to raise money. They typically involve investors loaning money […]
Promissory notes are a form of debt that companies sometimes use to raise money. They typically involve investors loaning money […]
Required by securities laws and issued by mutual fund companies and ETFs, the prospectus is a legal document that discloses
: A document sent to shareholders letting them know when and where a shareholders’ meeting is taking place and detailing
A way for shareholders to vote for corporate directors and on other matters affecting the company without having to personally
A company whose securities can be bought and sold by the general public.
A shareholder fee that some funds charge when investors buy mutual fund shares. This is not the same as, and
A put option gives its owner the right (not obligation) to sell a predetermined quantity of stock or commodities at
A qualified plan is a retirement plan that meets the requirements of Section 401(a) of the Internal Revenue Code, one
Each quarter, public companies file reports to the SEC containing unaudited financial statements and information about the company’s operations in
A ratio calculated by dividing cash plus accounts receivable by current liabilities. It measures a company’s ability to quickly convert

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.