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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: October, 2020
Oct 30, 2020

It’s hard to believe it’s already October! This time of year is not only breathtakingly beautiful up here in northern Michigan, it’s also a good time to slow down and review important financial details. On a national level, considering that both the Democrats and Republicans have spent a lot of money to stimulate the economy, it’s important to understand why the U.S. deficit matters as well as how this spending will eventually affect you.

We’ll also discuss the multiple investment  deadlines you need to be aware of, cover the Coronavirus-related distributions from the federal government, and review how the CARES Act has affected your investing strategies (like waiving required minimum distributions deadlines).

Oct 19, 2020

Bob Simpson, District Manager of the Traverse City Social Security Administrative office, wants to be clear: “There are NO secrets when it comes to Social Security despite what the headlines say.” After 35 years on the job, one would think he’d would know a thing or two about that. On today’s show, Bob will join Heidi and Shea to talk about how to schedule an appointment with one his office’s 17 representatives who are working remotely. He will also give you the ins and outs of some more complex issues related to collecting Social Security and how to avoid scams.

Remember, the Social Security office is there to provide you with options, not give you advice. After you’ve collected the facts, consider meeting with your financial advisor and CPA to decide on your income strategies in retirement.

Oct 8, 2020

Doug Godbe worked for himself as an estate planning attorney in California. He began the retirement planning process at the age of 30, always running the numbers and calculating the outcome. It wasn’t until his late 50’s that the deadline became more important. He witnessed his friend (another attorney) decide mid-litigation to put in his two weeks’ notice because he wanted to collect his pension. But for Doug it wasn’t an easy task … he had a business to transfer to his son as well as his wife’s retirement to consider.

I sat down with Doug and he shared his retirement success, fails and surprises. We talked about everything from careers, empty nesting, marriage, health, remodeling houses and taking on professional projects after the fact. Lastly, over the years as he observed and handled the estate plans of his clients, he saw firsthand what made them successful in retirement.

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