100 episodes

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.

New Retirement Radio with Dennis Prout Podcast Dennis Prout and Shea Petaja

    • Business
    • 3.3 • 22 Ratings

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.

    Episode 353 - Hot Off the Press! Change is Afoot!

    Episode 353 - Hot Off the Press! Change is Afoot!

    For the Sherlock Holmes aficionados in our audience, Sherlock would say, “Watson, the game is afoot!” This would often take them to new adventures of investigation. Today’s new adventure is planning for ever larger IRA balances and the impact this can have on you and your loved ones, given the stock market run we’re having, and key new IRA rulings for 2024. The IRS has already answered several questions about their official interpretation of new SECURE Act 2.0 regulations … but we intend to discuss this in more detail on today’s show! These new rules will be important to know as they can make a difference to your long-term financial health. Also, Heidi will discuss the advantages and disadvantages of paying off your mortgage for retirement, and what this can mean for your long-term financial success. Deann joins in again this week with the stats to add to the mix of retirement. 
    Tune in and take control!

    • 43 min
    Episode 352 - Life Can Be Hard

    Episode 352 - Life Can Be Hard

    John Wayne once said, “Life is hard if you’re stupid.” For investors, this means being wary of a whole lot of the information disseminated by the popular media of today. Today, we’ll be working with solid data to keep our focus on the information we know is certain. In that light, we’ll cover the economic news of the day from our primary research sources, which include Capital Group’s 2024 edition of their long-term perspective on markets and economies, as well as various economists like Ed Yardeni. We’ll have enough stats to assist you in getting a better idea of ’24 as well as current opportunities you may want to take advantage of. Next, Heidi Cartwright will discuss the new FAFSA rules and regulations related to saving for children and grandchildren’s higher education costs, and the surprising relaxing of some of these rules. Last, Nathan Prout will bring you the current stats of the day, which help so much with perspective. 
    Tune in and take control!

    • 44 min
    Episode 351 - New Year, New Changes

    Episode 351 - New Year, New Changes

    Welcome to 2024! We are excited for the New Year! Some say that the more things change, the more they remain the same. Well, a lot of things are changing in Traverse City and elsewhere on the ownership front as the Baby Boomer generation continues their respective exit(s) and begins to head for the door. As so many businesses are changing hands, we figured this would be an opportune time to ask Jon Sluis, CPA, what he’s seeing, advising and what areas owners should think about before and after the transaction. Timing, planning and opportunities can change quickly for those on the asset ownership side. We’ve already sat with Jon about the show this week, and we welcome your questions to round out the mix! We are glad to be able to bring you this as many of the highlights can add to your personal situation as you navigate pre- and post-retirement. 
    Tune in and take control!

    • 44 min
    Episode 350 - Taxes and Year-End Planning

    Episode 350 - Taxes and Year-End Planning

    Today on New Retirement Radio, CPA Jon Sluis joins us as we discuss year-end tax planning, IRAs, and the case coming before the Supreme Court next June, deciding whether or not Congress can tax unrealized gains. Taxing unrealized gains may sound like something you’d see in Russia or hear about in fifth grade as a lofty aphorism. Apparently, however, the Supreme Court feels the need to weigh in on this one because, according to The Wall Street Journal, it’s the most important tax case in decades. We’ll offer our opinions on what this proposal could mean and the impact might have on our economy. There are still lots of questions year-end planning, so Jon will share his best advice on how to approach this and help you navigate an always complex set of rules in the U.S. tax code. As always, your questions are welcome and anticipated! 
    Tune in and take control!

    • 42 min
    Episode 349 - The Life of Charles Munger: An Incredibly Successful Businessman

    Episode 349 - The Life of Charles Munger: An Incredibly Successful Businessman

    On this week’s show, we will honor the legacy of Charlie Munger, Vice President of Berkshire Hathaway, who passed away on November 28. His road to success was one where he started from nothing and achieved what very few others have by sheer hard work, associating with the best people he could, sprinkled in with significant talent honed over the years with significant research and experience. His axioms can help those pursuing higher achievement and a general attitude that can motivate us all. Next, Heidi will discuss the pros and cons of taking Social Security earlier or later (as the case may be) to help you potentially make a better decision as you think about retirement. Heidi’s information is from Heather Schreiber, RICP, and her monthly Social Security newsletter. This is an extensive piece, which we’ll discuss over the next two weeks, so we can fully cover all the material. Last, Deann will cover the interesting stats of billionaires passing on inheritances to their children and the amazing transformation occurring in that space. So much to cover in so little time! 
    Tune in and take control.

    • 32 min
    Episode 348 - Estate Planning to Avoid Tax Consequences

    Episode 348 - Estate Planning to Avoid Tax Consequences

    A recent headline on a story of James Caan’s estate read, “Estate of James Caan Whacked in Tax Case.” As you might guess, there is a lot to learn from others’ misfortunes. In this case, some unfortunate planning and advice put James Caan and his estate on the wrong side of the IRS. In the end, his estate owed almost $1 million in taxes and penalties. On this week’s show, we’ll discuss estate planning and the best ways to avoid tax consequences. Next, Heidi will discuss the economy and opportunities you might take advantage of given the anticipated eventual decline of interest rates. You might be surprised what these might mean and the thought leaders weighing in on this. We can’t always predict the future, but we can see indicators that can be very helpful in ascertaining where things might go. Last, Deann will provide us with plenty of stats to bolster and bring additional background to our discussion. 
    Tune in and take control!

    • 42 min

Customer Reviews

3.3 out of 5
22 Ratings

22 Ratings

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Idiotic Comments

Don’t talk politics, especially when you don’t understand all the economic factors

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