The Retirement Ready Show

The risk of outliving your savings can be one of the biggest challenges we face. But you can build the financial groundwork to receive income in retirement that will last no matter how long you live. In this episode, we will show you how strikingly similar building the perfect dream home is to building the perfect “financial house,” one that you and your loved ones can live in comfortably for the rest of your lives. The Retirement Ready radio show is featured every Saturday on WTMJ 620 AM at...

Weekly market commentary brought to you by Tony Drake, CFP® of Drake & Associates, LLC in Waukesha, Wisconsin. Find us at WealthWisconsin.com and weekly on WTMJ 620AM Saturdays at 1:00 pm on the Retirement Ready radio show. Investment advisory services provided by Drake & Associates, LLC, a State of Wisconsin registered investment adviser. Insurance products are offered through a separate company, LOFT Financial Advisory Group, LLC, a Wisconsin Insurance agency, clients are under no...

Make no mistake… market volatility could once again rear its ugly head. It’s not a matter of “if” but “when.” This volatility could really throw a wrench into your retirement planning and your investment strategy. Have you properly prepared for the potential “hurricane” we could see sweep through the markets? Have you been able to adjust your risk to coincide with your retirement needs and objectives? This episode is designed to help you “hunker down” as you would if you were preparing to...

What does a true financial plan look like? What could be the most important components of a solid financial plan? What should you be looking for? Better yet – do you have a plan, or do you simply have investments? What we tend to find is that most people think they have a plan, but when we break it down and examine it, they have an “analysis,” or a “report,” or some computer-generated system take your personal information and generated a generic, algorithmic result. It’s usually not personal...

Weekly market commentary brought to you by Tony Drake, CFP® of Drake & Associates, LLC in Waukesha, Wisconsin. Find us at WealthWisconsin.com and weekly on WTMJ 620AM Saturdays at 1:00 pm on the Retirement Ready radio show. Investment advisory services provided by Drake & Associates, LLC, a State of Wisconsin registered investment adviser. Insurance products are offered through a separate company, LOFT Financial Advisory Group, LLC, a Wisconsin Insurance agency, clients are under no...

Weekly market commentary brought to you by Tony Drake, CFP® of Drake & Associates, LLC in Waukesha, Wisconsin. Find us at WealthWisconsin.com and weekly on WTMJ 620AM Saturdays at 1:00 pm on the Retirement Ready radio show. Investment advisory services provided by Drake & Associates, LLC, a State of Wisconsin registered investment adviser. Insurance products are offered through a separate company, LOFT Financial Advisory Group, LLC, a Wisconsin Insurance agency, clients are under no...

It can be very complicated to make the decision to retire, and for some, it can be an overwhelming and scary decision to make. Do you really have enough money to retire? What are you going to do with your time? Have you considered things like health care cost, or inflation, and how these items may affect your long-term success? If you are thinking about retiring, or you have already set your sights on a specific date, you’ll want to make sure that you run through our “pre-retirement...

Weekly market commentary brought to you by Tony Drake, CFP® of Drake & Associates, LLC in Waukesha, Wisconsin. Find us at WealthWisconsin.com and weekly on WTMJ 620AM Saturdays at 1:00 pm on the Retirement Ready radio show. Investment advisory services provided by Drake & Associates, LLC, a State of Wisconsin registered investment adviser. Insurance products are offered through a separate company, LOFT Financial Advisory Group, LLC, a Wisconsin Insurance agency, clients are under no...

Income in retirement is a big deal. You’ve left the workforce finally, and you’ve left behind the paycheck you used to get with your job. And while you’ll likely have a Social Security check and/or pension check to fall back on, it’s probably not going to cover all your bills. And that’s precisely why you’ve saved some money over the years, isn’t it? To supplement the income, you could earn in retirement with the income you will need to support your life? It should be! In this episode, we’re...

Weekly market commentary brought to you by Tony Drake, CFP® of Drake & Associates, LLC in Waukesha, Wisconsin. Find us at WealthWisconsin.com and weekly on WTMJ 620AM Saturdays at 1:00 pm on the Retirement Ready radio show. Investment advisory services provided by Drake & Associates, LLC, a State of Wisconsin registered investment adviser. Insurance products are offered through a separate company, LOFT Financial Advisory Group, LLC, a Wisconsin Insurance agency, clients are under no...

The studies and data are clear; most Americans are declining guidance from financial planners and financial advisors than ever before. According to a CNBC and Acorns Invest in You Savings Survey, 75 percent of Americans are managing their own finances. But research shows that people who meet with a financial advisor are more likely to feel confident, happy, and stable in their financial and personal lives. In its latest installment of the Planning and Progress Study, Northwestern Mutual...

Weekly market commentary brought to you by Tony Drake, CFP® of Drake & Associates, LLC in Waukesha, Wisconsin. Find us at WealthWisconsin.com and weekly on WTMJ 620AM Saturdays at 1:00 pm on the Retirement Ready radio show. Investment advisory services provided by Drake & Associates, LLC, a State of Wisconsin registered investment adviser. Insurance products are offered through a separate company, LOFT Financial Advisory Group, LLC, a Wisconsin Insurance agency, clients are under no...

The debate over whether you should invest in the stock market in an active way or a passive way has been going on for many years. It has been only recently that we’ve started to notice an increase in the amount of money across the United States that has flowed out of active investment portfolio and strategy and into passive investment strategies. And as we go along in this episode, of course we’ll explain the difference between the two styles, and the pros and cons of each. However, which...

Weekly market commentary brought to you by Tony Drake, CFP® of Drake & Associates, LLC in Waukesha, Wisconsin. Find us at WealthWisconsin.com and weekly on WTMJ 620AM Saturdays at 1:00 pm on the Retirement Ready radio show. Investment advisory services provided by Drake & Associates, LLC, a State of Wisconsin registered investment adviser. Insurance products are offered through a separate company, LOFT Financial Advisory Group, LLC, a Wisconsin Insurance agency, clients are under no...

We tend to like when things are simple. Maybe it’s the sense of relief you get from the simplicity, or just how easy it makes things seem, but when things are simple, they just seem better. And if you are a pre-retiree or already retired, you probably like things simple. Your investment approach or retirement plan should be simple, too. If only it were that easy! After a lifetime of saving, stashing money away, and positioning, you could have an unorganized mess on your hands. Worse yet, you...

Weekly market commentary brought to you by Tony Drake, CFP® of Drake & Associates, LLC in Waukesha, Wisconsin. Find us at WealthWisconsin.com and weekly on WTMJ 620AM Saturdays at 1:00 pm on the Retirement Ready radio show. Investment advisory services provided by Drake & Associates, LLC, a State of Wisconsin registered investment adviser. Insurance products are offered through a separate company, LOFT Financial Advisory Group, LLC, a Wisconsin Insurance agency, clients are under no...

You’ve heard of the FAQ. Most instructional manuals or tutorials have them. The most frequently asked questions on a topic. These are the items that people most often second guess or question as they are going along with their operation of said item. So, if retirement had a manual (which it doesn’t by the way!) then we would look into the FAQ section of that manual to find some of these questions and the answers. Retirement is about more than your working career ending or changing. It’s...

Weekly market commentary brought to you by Tony Drake, CFP® of Drake & Associates, LLC in Waukesha, Wisconsin. Find us at WealthWisconsin.com and weekly on WTMJ 620AM Saturdays at 1:00 pm on the Retirement Ready radio show. Investment advisory services provided by Drake & Associates, LLC, a State of Wisconsin registered investment adviser. Insurance products are offered through a separate company, LOFT Financial Advisory Group, LLC, a Wisconsin Insurance agency, clients are under no...

If you are approaching retirement or already retired and you are thinking about hiring a new financial advisor or changing financial advisors, the decision can be difficult. The sheer numbers of advisory firms, types of financial advisors, and marketing pitches you might receive is enough to overwhelm even the savvy investor. So, today we’ve compiled a list of 10 questions you should ask when interviewing a financial advisor. You should be confident in your decision and have a complete...

Weekly market commentary brought to you by Tony Drake, CFP® of Drake & Associates, LLC in Waukesha, Wisconsin. Find us at WealthWisconsin.com and weekly on WTMJ 620AM Saturdays at 1:00 pm on the Retirement Ready radio show. Investment advisory services provided by Drake & Associates, LLC, a State of Wisconsin registered investment adviser. Insurance products are offered through a separate company, LOFT Financial Advisory Group, LLC, a Wisconsin Insurance agency, clients are under no...