Drake & Associates Blog

01Dec 2015

We have a tendency to over-do it at the holidays — too much eggnog, sweet treats and shopping. A new survey found 62% of parents admit to overspending at the holidays. That may not be surprising, but the way they are funding their fun should be. Many are dipping into emergency funds or raiding retirement […]

23Nov 2015

After the turkey is carved and the pecan pie is all gone, 140 million Americans will take part in another Thanksgiving weekend tradition – shopping. Financial professional Nick Foulks talks with Milwaukee’s FOX6 about 5 steps to prepare: Click here for a Holiday Budget Worksheet. Click here for a list of price comparison apps.

17Nov 2015

Parents need to discuss family finances with their adult children. Financial professional Nick Foulks talks with Milwaukee’s WTMJ-4 about how to start that conversation and what topics should be covered: 1. Legal 2. Healthcare 3. Income & Expenses 4. Financial Records Click here for a checklist of important financial information that you should make sure […]

10Nov 2015

What’s worse than things that go bump in the night? Phones that ring at dinner time! Financial professional Mike Williams talks with Milwaukee’s WTMJ-4 about a new financial fright, called “phantom debt” and what to do if you are contacted: — Do not provide personal information — Ask for contact information — Contact your creditor […]

02Nov 2015

This week in Washington brings huge budget changes and greatly impacts millions of Americans and their finances – more specifically, those planning to take Social Security benefits. Financial professional Nick Foulks talks with Milwaukee’s WTMJ-4 about the changes.

30Oct 2015

Why do couples fight? Most often, it’s about money. Financial professional Nick Foulks talks with Milwaukee’s FOX6 about the most common arguments for parents and expecting couples. — Moms going back to work (30%) — Saving for kids’ education (20%) — Cost of toys and entertainment (16%) — Cost of childcare (14%) Click here for […]

27Oct 2015

Ever wonder where your extra cash is going? Financial professional Nick Foulks talks with Milwaukee’s WTMJ-4 about scary money mistakes many of us are making. 1. Credit Card Payments 2. Energy Errors 3. Social Security Mistakes 4. Unused Gift Cards 5. ATM Fees Click here for an online interest rate calculator. Put your extra cash […]

20Oct 2015

October 18-24 is National Save for Retirement Week, and financial professional Mike Williams talks with Milwaukee’s WTMJ about four ways to take inventory and get on the right track. 1. Take a Financial Selfie 2. Bring Your Lunch 3. Meet Your Match 4. Set A Goal Click here to calculate your savings.

14Oct 2015

Call it middle-child syndrome, but the oft-overlooked Generation X is not financially on track for retirement. Certified Financial Planner, Tony Drake, was featured in a USA Today article focused on improving the financial future of Gen X-ers. Click here to read the online version. Click here to download the PDF version.

09Oct 2015

Bullies aren’t just on the playground or online. Money bullies are often lurking close to home — a family member, friend, even you. Since October is Bullying Awareness Month, Nick Foulks talks with Milwaukee’s FOX 6 WITI about the most common money bullies and how to handle them. Click here for a debt worksheet to […]

06Oct 2015

There’s a disconnect when it comes to couples and their finances! Even though the majority of couples think they’re doing a good job of communicating, many don’t know the basics of their finances. Certified Financial Planner, Tony Drake talks with Milwaukee’s WTMJ-4 about the topics all couples should discuss. Click here for a retirement calculator […]

29Sep 2015

The majority of families got an “F” when it comes to knowledge about 529 college savings plans. About two-thirds of people answered wrong when they were asked what a 529 plan is. Financial professional Tony Drake, CFP® talks with Milwaukee’s WTMJ-4 about what 529 college savings plans are, and how parents can use them to […]