Risk
In finance, risk refers to the degree of uncertainty about the rate of return on an asset and the potential […]
In finance, risk refers to the degree of uncertainty about the rate of return on an asset and the potential […]
The process by which a company decides how its premium rates for life insurance should differ according to the risk
An investor’s ability and willingness to lose some or all of an investment in exchange for greater potential returns.
An employer-sponsored Roth 401(k) plan is similar to a traditional plan with one major exception. Contributions by employees are not
Federal agency created by the Securities Exchange Act of 1934 with the primary mission of protecting investors and maintaining the
The several ways, other than immediate payment in cash, in which a policyholder or beneficiary may choose to have policy
Some mutual funds use multiple share classes for the same underlying portfolio. For example, investors that buy A shares pay
A short sale occurs when you sell stock you do not own. Investors who sell short believe the price of

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.