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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: May, 2021
May 26, 2021

It takes a lot of discipline and motivation to be self-employed. It’s not for the faint of heart. Some of you knew your entire life you’d be “on your own,” while many of you fell into it like one finds a pothole in spring. JUST KIDDING! But seriously, it might have been a jolting move.

And whether you’re just beginning or have been at it for decades, it never gets easier to save.

“Locking up money” when living with an unpredictable income is difficult, to say the least.

But, as you know, YOU MUST keep saving for your retirement!

Join Dennis and Heidi today as they give you options and strategies to save. They’ll also discuss ways to help you get into the habit of paying your future first.

May 13, 2021

If we’ve said it once, we’ve said it 100 times … your retirement is your responsibility. Long gone are the days of simple planning where one could count on their pension, Social Security and savings to fund their “golden years.” Most folks who are counting on Social Security to save them will be sorely disappointed, as it is meant to supplement your retirement, not fund it.

By 2035, the number of Americans 65 and older will increase from approximately 56 million today to more than 78 million. There are currently 2.8 workers for each Social Security beneficiary. By 2035, that number will decrease to 2.3 covered workers.

There is no time to “hope” it all works out. Now is the time to plan. Thankfully, the Social Security Administration is taking extra measures to teach you how to take advantage of your benefits.

May 11, 2021

So, you want to be a millionaire? According to Kiplinger, in order to be considered one, you’ll need investable assets of $1 million or more, excluding the value of real estate, employer-sponsored retirement plans and business partnerships. Michigan ranks 26th in the U.S. for concentration of millionaires at 5.97%. Turns out, we are actually well-stocked with billionaires!

So, what does it take to climb the money ladder? It’s more about habits than income. Today, Heidi and Dennis will share the 19 Things Rich People Rarely Do. They will also unpack some money mindsets that keep people stuck.

May 5, 2021

Did you know that 26% of taxpayers itemize charitable deductions on their tax returns? And yet, most advisors don’t ask their clients if they want to include it in their financial planning. How unfortunate! There are many financial benefits for giving, but mostly … it’s good for the heart. MacKenzie Scott (ex-wife of Jeff Bezos) donated nearly $6 billion to about 500 nonprofits last year! Most of us aren’t at that level of giving, but we can have the same intention and plan just as carefully. 

Today, Dennis and Heidi will discuss the 8 Types of Charitable Giving and share personal stories of how giving has affected them personally.

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