Tony Drake, CFP®, Investment Advisor Representative
Tony Drake is a CERTIFIED FINANCIAL PLANNER™and the founder and CEO of Drake & Associates in Waukesha, Wis. Tony is an Investment Adviser Representative and has helped clients prepare for retirement for more than a decade. He specializes in asset preservation, retirement planning and tax strategies. Tony hosts The Retirement Ready Show on WTMJ Radio each week and is featured regularly on TV stations in Milwaukee. Tony has been quoted in several national publications, including Forbes, The Wall Street Journal, USA Today, US News & World Report and Buzzfeed.
Tony is passionate about building strong relationships with his clients so he can help them build a strong plan for their retirement. He trains and mentors other advisers around the country, conducts educational seminars and regularly speaks at national conferences, including a recent talk at the NASDAQ exchange.
Phone: 414.409.7226 | E-mail: tony.drake@drakeandassociates.net | Website: https://wealthwisconsin.com | Facebook: https://www.facebook.com/Drakeandassociates | LinkedIn: https://www.linkedin.com/in/tony-drake-cfp/
Latest articles by Tony Drake, CFP®, Investment Advisor Representative
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Three Mistakes to Avoid in Retirement Tax Planning
Having a good tax plan can help keep you on top of what you need to do to maximize your savings for your golden years.
By Tony Drake, CFP®, Investment Advisor Representative Published
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Layoffs Could Be Coming: What if You’re Near Retirement?
Here are some steps you can take to prepare in case you lose your job, as well as what you can do if you find yourself out of a job near retirement.
By Tony Drake, CFP®, Investment Advisor Representative Published
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Three Ways to Make the Most of Your Year-End Giving
Understanding how to maximize your charitable donations can help you stay on budget and help the causes you are passionate about.
By Tony Drake, CFP®, Investment Advisor Representative Published
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Four Holiday Shopping Strategies to Keep You in Check
Overspending during the holidays is so easy, but if you go into the shopping season with a plan and a budget, you’ll be so much happier in 2024.
By Tony Drake, CFP®, Investment Advisor Representative Published
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Stages of Retirement: It’s Not Just About Your Savings
Leaving behind the full-time job probably sounds pretty good, but planning for the transition involves more than having your finances in order.
By Tony Drake, CFP®, Investment Advisor Representative Published
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This Is How You Can Be a Snowbird in Retirement
There’s a lot to consider, and warm weather shouldn’t be the only deciding factor. For instance, will you rent or buy? What’s the tax and health care situation?
By Tony Drake, CFP®, Investment Advisor Representative Published
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Three Smart Money Moves to Make This Fall
Now’s a great time to check in on investments, budgets and tax plans to make sure everything is on track for the rest of the year.
By Tony Drake, CFP®, Investment Advisor Representative Published
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How Rising Interest Rates Can Affect You
interest rates Higher interest rates make it harder for families and businesses to borrow money. The Federal Reserve’s moves to try to balance inflation and interest rates have a big influence on your wallet.
By Tony Drake, CFP®, Investment Advisor Representative Last updated
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Leaving Retirement? Three Things to Consider Before You Unretire
Some of today’s retirees are finding they’re withdrawing too much from their retirement accounts and need to return to work to make ends meet.
By Tony Drake, CFP®, Investment Advisor Representative Published
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How Should a Couple Handle Their Finances?
An honest conversation about spending, budgeting and debt could save you from financial headaches later in the relationship.
By Tony Drake, CFP®, Investment Advisor Representative Published
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Four Steps to Help You Have a Comfortable Retirement
Planning for retirement can be daunting, but the plan is what makes it more likely you’ll get to spend retirement relaxing and doing the things you love.
By Tony Drake, CFP®, Investment Advisor Representative Published
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SECURE 2.0 Act’s Automatic Enrollment Provision: Pros and Cons
The new legislation requires employers to automatically enroll employees in retirement plans like 401(k)s. What are the benefits and drawbacks?
By Tony Drake, CFP®, Investment Advisor Representative Published
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Inflation Getting You Down? 3 Simple Tips to Navigate the Anxiety
From being strategic about spending (make a grocery list!) to delaying Social Security benefits, you can mitigate inflation’s impact on your retirement.
By Tony Drake, CFP®, Investment Advisor Representative Published
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4 Steps to Take if You Lose Your Job Near Retirement
Being let go from a job later in life can lead to financial disaster, but there are some things you can do to help lessen the damage.
By Tony Drake, CFP®, Investment Advisor Representative Published
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What to Look for in a Financial Adviser
We all want to reach retirement age confident we have the means to live a comfortable and enjoyable life, and choosing a financial adviser is one of our most critical decisions.
By Tony Drake, CFP®, Investment Advisor Representative Published
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3 Key Ways You Can Help a Child or Grandchild Pay for College
college Options such as 529 plans, education savings accounts and tax-free gifts can ensure you don’t carry a child’s student loan debt into your golden years.
By Tony Drake, CFP®, Investment Advisor Representative Published
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Is A Recession Looming? Why History Says We Shouldn’t Panic
investing From rising interest rates to battle growing inflation and supply chain issues that don’t show any hint of resolving, warning signs of a recession are becoming hard to ignore. Despite the state of our current economy, there are many reasons not to panic about a possible recession.
By Tony Drake, CFP®, Investment Advisor Representative Published
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Retirement Comfort: How to Avoid Running Out of Money
retirement planning When it comes to retirement planning, one thing all of us worry about is whether we will have enough money to last. Financial professionals can help you plan for retirement now and ensure your money lasts through your golden years.
By Tony Drake, CFP®, Investment Advisor Representative Published
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Education is Key: 3 Financial Lessons for Retirees Nearing Retirement
retirement planning When it comes to retirement planning, educating yourself can keep you from making big mistakes. Here are three key lessons that everyone preparing for their golden years should know.
By Tony Drake, CFP®, Investment Advisor Representative Published
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3 Strategies to Help You Plan a Successful Semi-Retirement
retirement If you’re ready to retire but don’t want to leave the workforce entirely, semi-retirement might be a good option for you. Before you take the leap, there are strategies that can help you navigate this lifestyle.
By Tony Drake, CFP®, Investment Advisor Representative Published
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Inflation Continues to Rise: How to Navigate the Uncertainty
retirement Inflation is at a 40-year high. For those nearing or in retirement, it could pack a painful punch, but there are things you can do now to address inflation and make sure you don’t run out of money in your golden years.
By Tony Drake, CFP®, Investment Advisor Representative Published
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The 4 Phases of Retirement
retirement Retirement means more than no longer working 9 to 5. There are four phases of retirement, and you should be prepared for each one.
By Tony Drake, CFP®, Investment Advisor Representative Published
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The Big Financial Stories of 2021 and What to Expect in 2022
retirement planning There were a lot of big financial stories in 2021, especially as the economy tried to rebound amid the pandemic. As we head into the new year, there are some significant financial changes everyone should keep an eye out for.
By Tony Drake, CFP®, Investment Advisor Representative Published
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3 Questions to Ask Before You Take a Pension
retirement planning As retirement approaches and you must decide whether to take pension payments or a lump sum, the first very important question to ask is this: How safe is my company’s pension plan?
By Tony Drake, CFP®, Investment Advisor Representative Published
retirement planning