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New Retirement Radio with Dennis Prout Podcast

The days of simple retirement planning are gone and those who can manage their own portfolio are choosing not to. Prout Financial Design began over 25 years ago as an education based financial planning practice. Dennis Prout, Certified Financial Planner, believes that each client should not only understand their finances, they should be actively involved in the decisions made. Join the conversation! Dennis' radio show can be heard LIVE every Thursday at 10 am on News Talk 580 am or you can listen here instead. Thanks for tuning in! Advisory Services offered through Capital Asset Advisory Services, a Limited Liability Company, and a Registered Investment Advisor. Prout Financial Design does not provide tax, accounting, or legal services. Please consult the appropriate professional regarding your individual circumstance. Not associated with or endorsed by the Social Security Administration or any other government agency.
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Now displaying: September, 2019
Sep 25, 2019

When I think of going back to school, the only image that comes to mind is the scene from the movie Ferris Bueller’s Day Off, when Ben Stein plays the economics teacher. During his monotone lesson, he tries to elicit a response from his class by pausing every few sentences asking if “Anyone? Anyone? Anyone?” has the answer. It pains me to make this correlation to retirement planning, but alas, I must. Why? Because today we are talking about 401(k)s again. Anyone? Anyone? Anyone? Know why?

Because they are the most common retirement savings vehicle and one that we often put into cruise control during our working years. Tune in today and figure out how to speed up your savings!

Sep 25, 2019

According to a survey by GOBankingRates, 73% of adult children haven’t had the money talk with their aging parents. This isn’t completely surprising considering that the “Silent Generation” felt it was too risky to speak out. They grew up in financially insecure times with the collapse of the market and war. They were also considered the “The Lucky Few” because they entered the prosperous times of the 1950s and 1960s, which rebuilt the nation. They also retired relatively early taking both a pension(s) and Social Security.

Then came their children, the “Boomers” who coined the phrase “Midlife Crisis” and kept the prosperity going. When it comes time to pass the baton, will the Silent Generation be willing to share their financial story with their children who are entering their retirement years in droves?

We are going to share excerpts from the book, Mom and Dad, We Need to Talk: How to Have Essential Conversations with Your Parents About Their Finances, by Cameron Huddleston, and the article by Kiplinger, “10 Ways to Talk to Your Aging Parents About Their Finances.” You can plan in a panic or plan ahead – we opt for the latter choice.

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