Beta
Beta is a volatility measurement of a stock mutual fund or ETF versus a comparable benchmark like the S&P 500 […]
Beta is a volatility measurement of a stock mutual fund or ETF versus a comparable benchmark like the S&P 500 […]
Blue Chip stocks are regarded as leading companies with world class products and services, universally recognizable brands and run by
A debt instrument issued by corporations and governments to raise capital. Interest on the outstanding debt is paid to bondholders
An individual who acts as an intermediary between a buyer and seller, usually charging a commission to execute trades. Brokers
A time when stock prices are rising and market sentiment is optimistic. Generally, a bull market occurs when there is
Purchasing or owning shares of stock, with the expectation that the stock will rise in value.
A method of accounting that reports income when it is actually received and expenses when they are actually paid. This
A measure of the inflows and outflows of cash experienced by a company. You can find this information in the
The amount available in cash upon voluntary termination of a policy by its owner before it becomes payable by death
Different types of shares issued by a single fund, often referred to as Class A shares, Class B shares, and

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.