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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: November, 2019
Nov 26, 2019

If you’re a regular listener, you know that we regularly remind you to check your beneficiary forms. And then we remind you to check them again. And just in case if you forget, we tell you to check them once more. But what happens when your name is on the list? When YOU are listed as a beneficiary on an IRA? There are rules for spousal and non-spousal beneficiaries, and we are going to cover them today.

Nov 18, 2019

If you’re planning on a pension, you might want to plan again. As of this year, The American Legislative Exchange Council released this information: State pensions across the country are funded at an average of 35% of what they should be. This translates into an average of $18,300 in unfunded pension liabilities for every man, woman and child across the United States. The new report measures nearly 300 state-administered pension plans and, in total, they have unfunded liabilities of nearly $6 trillion.

In other words, it’s time to take an assessment of your current financial situation in case your pension disappears, or you’re given a buyout option. We have created a five-point checklist to help you navigate this unfortunate and all too familiar scenario. Tune in to find out more!

Nov 12, 2019

Of the 618,000 millionaire Millennials in the U.S., the highest concentration of them are living here in the 49686 ZIP code, according to a recent report by Coldwell Banker Global Luxury and WealthEngine. If that’s hard to believe, try to understand this recent calculation by Professor Olivia S. Mitchell: Millennials will need to save almost HALF of their paycheck to retire at 65. In contrast, their parents (or grandparents) are considered the wealthiest generation in American history. They will be transferring close to $68 trillion in assets when they pass. How can they help the younger generation of non-millionaires retire? Do they need to?

Tune in to find out exactly how much Dennis disagrees with this 50% rule and why. We think you’ll be encouraged to hear an advisor’s perspective.

Nov 4, 2019

We always know when it’s time to talk about qualified charitable distributions (QCDs). It’s usually when two things happen: The snowbirds start to head south, and the snow hits the ground here. Both have happened ahead of schedule … and so can your QCD! We are going to answer six of the most asked questions regarding QCDs, along with how to meet the QCD requirements (there are 12).

If you’re making a giving list and checking it twice, now might be a good time to tune in. We’ll be ready for your questions!

Nov 1, 2019

In the gray area between IRAs and qualified plans (employer-sponsored retirement plans that qualify for special tax treatment) are SIMPLE plans (retirement plans that are commonly offered by companies with no more than 100 employees). Sometimes SIMPLE plans follow the IRA rules and sometimes they follow the qualified plan rules. This confusion about which rules a SIMPLE plan adheres to might be what makes moving forward with it a scary prospect for employers.

Today, we are going to do our best to simplify the SIMPLE plans 

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