Tag Archives: saving

Does money have you have mystified? Are you clueless when it comes to your 401(k)? April is financial literacy month, a time dedicated to helping Americans focus on finance. No need to crack open a book! Tony Drake, CFP® and Brad Allen have a crash course in financial literacy for you.   Everyone needs to […]

The tax deadline is looming and Drake & Associates financial advisors, Tony Drake, CFP® and Brad Allen are with WTMJ to talk about the most common mistakes people are making with taxes and their retirement.   Probably the biggest mistake is waiting until the last minute. We have two extra days to file this year, […]

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 […]

Are you ready for retirement? If you have saved and are feeling confident, we have some numbers that might change your mind. Financial advisors Tony Drake, CFP® and Brad Allen share some retirement stats that might surprise you and how you can protect yourself from becoming a statistic. Fact #1: One in three Americans has […]

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 […]

According to a new survey, more people are becoming 401(k) millionaires. The number of Fidelity 401(k) savings accounts with a balance of $1 million or more reached 133,000 last year. That’s up from 89,000 in 2016. With more balances reaching $1 million, there’s bound to be people wondering how they can reach that big milestone, […]

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. […]

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 […]

Dinner and a movie is so old school. This year, treat your Valentine to a money date! It may not sound romantic, but spending an evening talking finances might be the secret to staying together; money problems are one of the leading causes of divorce! Setting financial goals will help you both know where you […]

Stocks had an impressive week yet again, as each of the domestic indexes reached record highs and gained at least 2%. The S&P 500 added 2.23%, the Dow increased 2.09%, and the NASDAQ grew 2.31%. International stocks in the MSCI EAFE joined the growth, adding 1.49%. On Monday, January 22, the government shutdown ended after […]