Tony Drake, CFP®, Investment Advisor Representative

Tony Drake, CFP®, Investment Advisor Representative

Founder & CEO, Drake and Associates

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/

3 Key Ways You Can Help a Child or Grandchild Pay for College
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college

3 Key Ways You Can Help a Child or Grandchild Pay for 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…
September 16, 2022
What Rising Interest Rates Mean for You
A red arrow rising above a sea of white arrows
interest rates

What Rising Interest Rates Mean for You

With inflation continuing to grow, the Federal Reserve’s battle against it isn’t ending anytime soon. This means higher interest rates making it harde…
August 3, 2022
Is A Recession Looming? Why History Says We Shouldn’t Panic
A woman does yoga at sunrise on a rocky beach.
investing

Is A Recession Looming? Why History Says We Shouldn’t Panic

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…
July 24, 2022
Retirement Comfort: How to Avoid Running Out of Money
A gray-haired couple enjoy a ride in a convertible with the top down.
retirement planning

Retirement Comfort: How to Avoid Running Out of Money

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 y…
June 25, 2022
Education is Key: 3 Financial Lessons for Retirees Nearing Retirement
A woman with gray hair looks at a laptop and thinks.
retirement planning

Education is Key: 3 Financial Lessons for Retirees Nearing Retirement

When it comes to retirement planning, educating yourself can keep you from making big mistakes. Here are three key lessons that everyone preparing for…
May 24, 2022
3 Strategies to Help You Plan a Successful Semi-Retirement
A woman wears a work pump on one foot and a sneaker on the other.
retirement

3 Strategies to Help You Plan a Successful Semi-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, th…
April 21, 2022
Inflation Continues to Rise: How to Navigate the Uncertainty
Two hikers look at a map on a sunny day.
retirement

Inflation Continues to Rise: How to Navigate the Uncertainty

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 infl…
March 9, 2022
The 4 Phases of Retirement
A gray-haired couple enjoy a ride in a convertible with the top down.
retirement

The 4 Phases of 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.
January 24, 2022
The Big Financial Stories of 2021 and What to Expect in 2022
A hand throws a paper airplane made out of money.
retirement planning

The Big Financial Stories of 2021 and What to Expect in 2022

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 a…
December 31, 2021
3 Questions to Ask Before You Take a Pension
A broken piggy bank.
retirement planning

3 Questions to Ask Before You Take a Pension

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 saf…
December 12, 2021
Estate Planning During a Pandemic – Quit Stalling
A woman stands in front of a blackboard with the words "tomorrow," "later today" and "NOW" written on it.
estate planning

Estate Planning During a Pandemic – Quit Stalling

The COVID-19 pandemic isn’t going away anytime soon. This global health crisis has proved especially dangerous for older Americans, a stark reminder t…
October 31, 2021
Is a Target Date Fund Right for You?
A stack of money in the center of a target.
investing

Is a Target Date Fund Right for You?

You're busy, and poring over investments is a pain. Wouldn't a target date fund be easier? Take a look at their pros and cons to see if incorporating …
September 14, 2021
How to Prepare for Early Retirement
An empty office.
retirement planning

How to Prepare for Early Retirement

COVID-19 has forced us to look closely at many areas of our life, including our plan for retirement. As this pandemic continues with new variants of t…
August 15, 2021
Taking Stock of Your Finances at the Halfway Point of 2021
A woman looks at a clock.
retirement planning

Taking Stock of Your Finances at the Halfway Point of 2021

Believe it or not, we’re more than halfway through 2021. It’s the perfect time to revisit your financial goals. Are you on track?
July 12, 2021
Scam Alert: 4 Types of Fraud That Target the Elderly (and How to Beat Them)
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Scams

Scam Alert: 4 Types of Fraud That Target the Elderly (and How to Beat Them)

Scams target people of all ages, but the most vulnerable tend to be older adults — and the money they lose can have a big impact on their retirement. …
June 10, 2021
3 Money ‘Musts’ for Every One of Us, Inspired by Financial Literacy Month
A woman gives two thumbs up
personal finance

3 Money ‘Musts’ for Every One of Us, Inspired by Financial Literacy Month

Now more than ever, those preparing for retirement need to understand their finances and the impact their decisions have on their financial future. He…
April 27, 2021
Turning 60? Ask Yourself These 4 Important Questions
retirement planning

Turning 60? Ask Yourself These 4 Important Questions

Retirement is an exciting milestone, and planning becomes even more crucial once you get within a few years of saying goodbye to your career. As we tu…
April 2, 2021
5 Strategies for Tax Planning Now and in Retirement
tax planning

5 Strategies for Tax Planning Now and in Retirement

Tax planning is one of the best things you can do to keep more money in your pocket in retirement. There are specific things to consider when planning…
February 18, 2021
How to Address Retirees’ No. 1 Concern
An empty wallet sits open.
retirement planning

How to Address Retirees’ No. 1 Concern

It’s a top worry for people nearing retirement: the fear of running out of money. By preparing for retirement with an income plan, you can feel confid…
January 27, 2021
Mark Your Calendar: 6 Birthdays to Know for Retirement
retirement planning

Mark Your Calendar: 6 Birthdays to Know for Retirement

There are important milestone ages to note before and throughout retirement. Mark these birthdays on your calendar to boost your retirement income and…
December 25, 2020
Money Can’t Buy Happiness: 4 Secrets to a Happy Retirement
Two eggs in an egg carton: One with a happy face drawn on and one with a sad face.
happy retirement

Money Can’t Buy Happiness: 4 Secrets to a Happy Retirement

You know the saying: Money can’t buy happiness. While that may be true, there is one thing you can do financially to impact your happiness in retireme…
December 7, 2020
Election 2020: 3 Things Retirees Should Pay Attention To
Retiree wearing an I Voted sticker at a polling place
retirement planning

Election 2020: 3 Things Retirees Should Pay Attention To

When it comes to your money in retirement, here are three main issues that seniors should pay attention to before they cast their votes in the 2020 pr…
October 21, 2020
What You Need to Know about Social Security in a Pandemic and Recession
Social Security cards next to a table of numbers.
social security

What You Need to Know about Social Security in a Pandemic and Recession

Social Security benefits play an important role in retirement security, and they are being impacted by current events in several ways.
October 13, 2020
4 Ways to Get Your Retirement Plan Back on Track
retirement planning

4 Ways to Get Your Retirement Plan Back on Track

When it comes to our finances, 2020 has been a year marked by stock market volatility and our current recession. If you’re in a bad spot financially, …
August 25, 2020
3 Ways to Save on Your Tax Bill Going Forward
taxes

3 Ways to Save on Your Tax Bill Going Forward

The tax deadline was July 15 this year, and if you found yourself paying the IRS more than you’d like, it’s time to focus on tax planning. There are m…
July 27, 2020
Did You Know You Can Start, Stop and Then Restart Social Security?
social security

Did You Know You Can Start, Stop and Then Restart Social Security?

Check out Social Security claiming strategies (some familiar and others you may never have heard of) that could help those in or near retirement durin…
June 29, 2020
3 Steps to Take If You're Laid Off Before Retirement
A person sitting at a desk, holding a pen, with a calculator, piggy bank and a stack of coins
Making Your Money Last

3 Steps to Take If You're Laid Off Before Retirement

The unemployment rate in the U.S. is at a record high. More people are finding themselves out of work, and some may be nearing retirement. If you're l…
June 2, 2020