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New Retirement Radio with Dennis Prout Podcast

Dennis Prout and Shea Petaja

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New Retirement Radio with Dennis Prout Podcast

New Retirement Radio with Dennis Prout Podcast

Dennis Prout and Shea Petaja

0
Followers
2
Plays
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About Us

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.

Latest Episodes

Episode163: The Economy and More

In this episode Dennis Prout talks about the economy and current situations such as the Coronavirus that could have an impact globally. Also discussed is the Secure Act and and the Required Beginning Date (RBD), which is the date an individual is required to begin taking their Required Minimum Distributions (RMD).

31 MIN3 d ago
Comments
Episode163: The Economy and More

Episode 160: Health Care Taxes

Chances are you have heard about the 3.8% surtax that went into effect in 2013 under the Affordable Care Act – but do you know if and when you might need to pay it? Despite changes to the tax code in recent years, the Medicare tax and net investment income tax remain in effect. This surtax requires that an additional tax be paid by those with investment income, whether from interest, dividends, capital gains or rental properties when they are above the annual income threshold. Trusts and estates are hit especially hard; they reach the income threshold at only $12,950 in 2020. For those still earning wages or self-employment income, there might be an additional 0.9% Medicare tax to consider as well.

32 MIN3 d ago
Comments
Episode 160: Health Care Taxes

Episode 158: Top Retirement Rulings 2019

New Legislation called The Secure Act passed in 2019 that will be effective for 2020 tax year. Also discussed in this episode is the new IRS form W4.

32 MIN3 d ago
Comments
Episode 158: Top Retirement Rulings 2019

Episode 162: They're Back from Conference

They're BAAAAAAACK! February 6th, 2020 Dennis, Heidi and the team are back from their annual TD Ameritrade Conference in Orlando, Florida. It’s always a mind-blowing experience to hear from global experts in the world of finance and beyond. So today, we’ll cover exciting topics from blockchain to bitcoin. The global market is getting close to home. In fact, it’s already in your backyard. And speaking of your yard, if you expect to find a pot of gold buried there, think again. Most families plan on leaving their treasures to charities, which isn’t such a bad idea considering that Millennials are turning out to be the most generous generation yet.

33 MIN2 w ago
Comments
Episode 162: They're Back from Conference

Episode 161: Heidi & Shea Talk Money

Did you know that Heidi and I (Shea) have been working together for 11 years now? Over the last few years we have developed a workshop for women called “Flourish.” This event teaches women how to look at planning for their financial future from the bird’s-eye view. This broad perspective helps us decide where we want to land in retirement. Turns out, men want to hear the information too! You’re in luck! Heidi and I are taking over the studio to share portions of our workshop with you. This is also a great show for younger family members who are trying to understand how and why they should get started.

41 MIN3 w ago
Comments
Episode 161: Heidi & Shea Talk Money

Episode 156: The Secure Act and You

As 2019 rounds the bend and gets closer to the finish, so are some legislative acts that we’ve been talking about. Ed Slott, America’s IRA expert, warned us about the likely passage of the SECURE (Setting Every Community Up for Retirement Enhancement) Act in 2020. As of last week, it passed both houses and President Trump signed the bill.

49 MINJAN 31
Comments
Episode 156: The Secure Act and You

Episode 159: Decision Fatigue

After analyzing over225 million hours of working time in 2017,RescueTimefound the average digital user switches between tasks more than 300 times per day during working hours. Daily we are making decisions about work while simultaneously managing our families, health and finances. Our digital lives, which was intended to make management easier, have made us accessible 24/7. As a nation, I wonder if we are experiencing decision fatigue. How does one get ahead with theirfinancialgoals when the path to get there is crowded with so many immediate demands. Tune in today and we talk about the psychology of money while giving you tangible ways to systemize your investment plans. If you want to learn more about how to manage decision fatigue, check out thisFast Companyarticle.

31 MINJAN 29
Comments
Episode 159: Decision Fatigue

Episode 157: Hindsight is 20/20

It’s hard to believe that it’s 2020. As a kid I (Shea) would try to imagine what the year would look like. I hoped for flying cars, robot butlers and world peace. I never imagined working full time, paying a mortgage and living what would still be considered “real life.” I certainly didn’t predict that AM radio would still be alive and well and that I’d be on it! Lucky me! What are you predicting this year? We’ve been hearing from quite a lot of entrepreneurs that they would like to sell their businesses. It feels like a good time to cut ties, but where does one land in this transaction? I have Tim Cartwright (Heidi's brother), advisor and partner atFifth Avenue Family Officein Naples, Florida. He’s been in the mergers and acquisitions business long enough to offer sound advice. Hindsight is 20/20, and he’s going to share it with you today.

46 MINJAN 28
Comments
Episode 157: Hindsight is 20/20

Episode 155: The Economic Outlook

There’s high drama in Washington, D.C. We’ve been glued to the news. These are wild times and yet, as Ecclesiastes 1:9 says, “There is nothing new under the sun.” How does one move forward with a plan for 2020 when it appears that everything around us is unpredictable? Especially during an election year? Our suggestion … go back to the numbers. Today, Dennis and Heidi will cover the stats of 2019 with strategic ways to approach the New Year. Tune in, call in and weigh in with your plans.

30 MIN2019 DEC 31
Comments
Episode 155: The Economic Outlook

Episode 154: Year End Tax Planning

How did you fare under the Trump tax plan? If you’re not sure, now would be the time to look instead of waiting until April 15, 2020, which is why we have special guest, Jon Sluis, CPA President of Intrust CPAs on the air with us today. He will share why there is a certain level of urgency for the self-employed and small business to consider your tax position before year-end. If you’re retired, you’ll need to look at RMDs and qualified charitable distributions, and how those affect your tax bracket. For those of you still working, you’ll want to know how contributing to your retirement account, HSAs, and other tax saving strategies can help your tax game.

33 MIN2019 DEC 31
Comments
Episode 154: Year End Tax Planning

Latest Episodes

Episode163: The Economy and More

In this episode Dennis Prout talks about the economy and current situations such as the Coronavirus that could have an impact globally. Also discussed is the Secure Act and and the Required Beginning Date (RBD), which is the date an individual is required to begin taking their Required Minimum Distributions (RMD).

31 MIN3 d ago
Comments
Episode163: The Economy and More

Episode 160: Health Care Taxes

Chances are you have heard about the 3.8% surtax that went into effect in 2013 under the Affordable Care Act – but do you know if and when you might need to pay it? Despite changes to the tax code in recent years, the Medicare tax and net investment income tax remain in effect. This surtax requires that an additional tax be paid by those with investment income, whether from interest, dividends, capital gains or rental properties when they are above the annual income threshold. Trusts and estates are hit especially hard; they reach the income threshold at only $12,950 in 2020. For those still earning wages or self-employment income, there might be an additional 0.9% Medicare tax to consider as well.

32 MIN3 d ago
Comments
Episode 160: Health Care Taxes

Episode 158: Top Retirement Rulings 2019

New Legislation called The Secure Act passed in 2019 that will be effective for 2020 tax year. Also discussed in this episode is the new IRS form W4.

32 MIN3 d ago
Comments
Episode 158: Top Retirement Rulings 2019

Episode 162: They're Back from Conference

They're BAAAAAAACK! February 6th, 2020 Dennis, Heidi and the team are back from their annual TD Ameritrade Conference in Orlando, Florida. It’s always a mind-blowing experience to hear from global experts in the world of finance and beyond. So today, we’ll cover exciting topics from blockchain to bitcoin. The global market is getting close to home. In fact, it’s already in your backyard. And speaking of your yard, if you expect to find a pot of gold buried there, think again. Most families plan on leaving their treasures to charities, which isn’t such a bad idea considering that Millennials are turning out to be the most generous generation yet.

33 MIN2 w ago
Comments
Episode 162: They're Back from Conference

Episode 161: Heidi & Shea Talk Money

Did you know that Heidi and I (Shea) have been working together for 11 years now? Over the last few years we have developed a workshop for women called “Flourish.” This event teaches women how to look at planning for their financial future from the bird’s-eye view. This broad perspective helps us decide where we want to land in retirement. Turns out, men want to hear the information too! You’re in luck! Heidi and I are taking over the studio to share portions of our workshop with you. This is also a great show for younger family members who are trying to understand how and why they should get started.

41 MIN3 w ago
Comments
Episode 161: Heidi & Shea Talk Money

Episode 156: The Secure Act and You

As 2019 rounds the bend and gets closer to the finish, so are some legislative acts that we’ve been talking about. Ed Slott, America’s IRA expert, warned us about the likely passage of the SECURE (Setting Every Community Up for Retirement Enhancement) Act in 2020. As of last week, it passed both houses and President Trump signed the bill.

49 MINJAN 31
Comments
Episode 156: The Secure Act and You

Episode 159: Decision Fatigue

After analyzing over225 million hours of working time in 2017,RescueTimefound the average digital user switches between tasks more than 300 times per day during working hours. Daily we are making decisions about work while simultaneously managing our families, health and finances. Our digital lives, which was intended to make management easier, have made us accessible 24/7. As a nation, I wonder if we are experiencing decision fatigue. How does one get ahead with theirfinancialgoals when the path to get there is crowded with so many immediate demands. Tune in today and we talk about the psychology of money while giving you tangible ways to systemize your investment plans. If you want to learn more about how to manage decision fatigue, check out thisFast Companyarticle.

31 MINJAN 29
Comments
Episode 159: Decision Fatigue

Episode 157: Hindsight is 20/20

It’s hard to believe that it’s 2020. As a kid I (Shea) would try to imagine what the year would look like. I hoped for flying cars, robot butlers and world peace. I never imagined working full time, paying a mortgage and living what would still be considered “real life.” I certainly didn’t predict that AM radio would still be alive and well and that I’d be on it! Lucky me! What are you predicting this year? We’ve been hearing from quite a lot of entrepreneurs that they would like to sell their businesses. It feels like a good time to cut ties, but where does one land in this transaction? I have Tim Cartwright (Heidi's brother), advisor and partner atFifth Avenue Family Officein Naples, Florida. He’s been in the mergers and acquisitions business long enough to offer sound advice. Hindsight is 20/20, and he’s going to share it with you today.

46 MINJAN 28
Comments
Episode 157: Hindsight is 20/20

Episode 155: The Economic Outlook

There’s high drama in Washington, D.C. We’ve been glued to the news. These are wild times and yet, as Ecclesiastes 1:9 says, “There is nothing new under the sun.” How does one move forward with a plan for 2020 when it appears that everything around us is unpredictable? Especially during an election year? Our suggestion … go back to the numbers. Today, Dennis and Heidi will cover the stats of 2019 with strategic ways to approach the New Year. Tune in, call in and weigh in with your plans.

30 MIN2019 DEC 31
Comments
Episode 155: The Economic Outlook

Episode 154: Year End Tax Planning

How did you fare under the Trump tax plan? If you’re not sure, now would be the time to look instead of waiting until April 15, 2020, which is why we have special guest, Jon Sluis, CPA President of Intrust CPAs on the air with us today. He will share why there is a certain level of urgency for the self-employed and small business to consider your tax position before year-end. If you’re retired, you’ll need to look at RMDs and qualified charitable distributions, and how those affect your tax bracket. For those of you still working, you’ll want to know how contributing to your retirement account, HSAs, and other tax saving strategies can help your tax game.

33 MIN2019 DEC 31
Comments
Episode 154: Year End Tax Planning
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