Drake & Associates Blog

16Apr 2018

Buy a new gadget or pay off the credit card? Go on a sunny vacation or start an emergency fund? 62% of Americans are expecting to get a tax refund this year. If you are planning on receiving a refund, Tony Drake, CFP® talks with Milwaukee’s WTMJ-4 about how to revamp your refund and make […]

16Apr 2018

Weekly Market Update – April 16, 2018 Market volatility continues. Stocks slid on Friday, April 13, but still held on to gains for the week.1 The S&P 500 increased 1.99%, the Dow added 1.79%, and the NASDAQ was up 2.77%.2 International stocks in the MSCI EAFE also rose, gaining 1.45%.3 Similar to recent weeks, international […]

09Apr 2018

Weekly Market Update – April 9, 2018 Domestic stocks lost ground last week as trade war concerns continued to rattle investors. With these declines, the Dow officially moved back into correction territory.1 For the week, the S&P 500 lost 1.43%, the Dow dipped 0.95%, and the NASDAQ dropped 2.11%.2 International stocks in the MSCI EAFE […]

09Apr 2018

With the tax deadline just around the corner, the pressure is on for people who still haven’t filed their taxes. Financial advisor Brad Allen talks with Milwaukee’s WTMJ-4 about some last-minute tax tips to help procrastinators.   Save Time & Money – You can get your money quicker by e-filing and using direct deposit. Direct […]

02Apr 2018

Weekly Market Update – April 2, 2018 Markets were closed on March 30 for Good Friday, but in the four days of trading, stocks recovered some of this year’s losses.1 For the week, the S&P 500 added 2.09%, the Dow gained 2.67%, and the NASDAQ increased by 1.03%.2 International stocks in the MSCI EAFE grew […]

02Apr 2018

Who’s on first? What’s on second? Do you know where your finances are? Baseball season is in full swing! Financial advisor Brad Allen talks with Milwaukee’s WTMJ-4 with the play-by-play on how to take your finances to the big league. It’s as easy as rooting for the home team! Schedule a day, or a “home […]

27Mar 2018

The Tax Cuts and Jobs Act changed the way tax is calculated. This week the IRS encourages everyone to perform a quick “paycheck checkup” to ensure you have the right amount withheld. CERTIFIED FINANCIAL PLANNER Tony Drake talks with Milwaukee’s WTMJ-4 about a new tool to check your withholding and other important steps to take […]

26Mar 2018

Weekly Market Update – March 26, 2018 Markets experienced significant declines last week. The S&P 500 lost 5.95%, the Dow dropped 5.66%, and the NASDAQ declined 6.54%. With these losses, all 3 domestic indexes had their worst weekly performance in more than 2 years. International stocks also declined, with the MSCI EAFE giving back 2.64%. […]

21Mar 2018

Americans went on a spending spree in 2017, racking up the most credit card debt since before the Great Recession. For the first time in history, we now owe more than $1 trillion on our credit cards! Financial advisor Brad Allen talks with Milwaukee’s WTMJ-4 to discuss 4 tips for paying off debt:   1. […]

19Mar 2018

Weekly Update – March 19, 2018 Markets were up on Friday, but domestic stocks lost ground for the week as political turmoil and potential trade wars weighed on investors’ minds. The S&P 500 dropped 1.24%, the Dow gave back 1.54%, and the NASDAQ decreased 1.04%. International stocks in the MSCI EAFE barely avoided losses with […]

15Mar 2018

Wall Street is marking 9 years of rising stocks. This bull market is the second-longest streak since World War II. Financial advisor Brad Allen talks with Milwaukee’s WTMJ-4 about what we’ve learned and what we should consider with our money today. 1. Think Long-Term – 401(k) statements were looking depressing as stocks kept dropping during […]

12Mar 2018

Weekly Update – March 12, 2018 Domestic stocks leapt ahead last week as the latest jobs report inspired renewed confidence in our economic standing. The S&P 500 added 3.54%, and the Dow gained 3.25%. The NASDAQ erased its losses from February’s market correction to hit a new record close while growing 4.17% for the week. […]