Blog
Welcome to my financial insights blog, where decades of expertise meet a commitment to your financial well-being. I'm Drew Prescott, a Chartered Retirement Planning Counselor (CRPC™) and Accredited Wealth Management Advisor (AWMA™), with over 20 years of dedicated service in the financial industry. As the President of Prescott Private Wealth and the host of the popular radio show "Your Money Matters," I’ve spent my career guiding individuals, families, and business owners through the complexities of Retirement Planning, Business Succession, Estate Planning, and holistic wealth management.
In this blog, you'll find actionable strategies and insights designed to help you achieve financial independence, secure your legacy, and navigate the ever-changing financial landscape with confidence. My goal is to empower you with the knowledge and tools necessary to make informed decisions that align with your long-term goals and values.
Whether you’re approaching retirement, planning for the next generation, or looking to optimize your financial strategy, I’m here to provide the expertise and clarity you need to succeed. Stay tuned for expert advice that’s rooted in experience, backed by credentials, and focused on helping you achieve financial peace of mind.
Join me on this journey as we explore the most effective financial strategies tailored to your unique needs and aspirations. Let’s build a prosperous future together.
Beyond Salary: Understanding Your Total Compensation
Compensation is more than just a number on a paycheck. Whether you're exploring new opportunities, preparing for a promotion, or evaluating your current benefits, it’s important to understand the full value of your total...
Read MoreHow Much Do You Really Know About Stock Market Indexes?
While you may follow the various stock indexes on the nightly business news, how much do you know about their histories, how they work, and why they're important? We pulled together some information and interesting facts about some of...
Read MoreHow Do You Turn Retirement Savings into a Reliable Income Strategy?
You’ve likely spent years building your retirement nest egg—saving diligently, investing wisely, and contributing to retirement accounts along the way. But transitioning from earning a paycheck to relying on your savings can feel...
Read More“The Four Most Dangerous Words In Investing Are: ‘This Time It’s Different.’” – Sir John Templeton
Despite those who say the conventional wisdom that has guided investor actions over the years is no longer valid in 2025, remember the famous quote from legendary investor Sir John Templeton: "The four most dangerous words in investing...
Read MoreWhat’s the Job Market Look Like for 2025 Graduates?
It’s graduation season—a time of celebration and new beginnings. For families with college seniors, this time can bring both excitement and uncertainty. While some graduates have jobs lined up, many others still are navigating job...
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Is It Smarter to Buy or Rent a Second Home?
As summer approaches, your thoughts may drift toward escaping your daily routine. Whether your idea of a perfect vacation is sitting on a pristine beach, fishing in a mountain lake, or playing the back nine between pickleball matches,...
Read MoreFrom College Acceptances to Affordability: Considerations for Families in the Final Stretch
April is a pivotal time in the college admissions process. After years of preparation, saving, and investing—not to mention the countless hours spent on exam prep, campus visits, and perfecting applications and essays—the finish line...
Read MoreSpring Into Financial Wellness: Actionable Steps for Financial Literacy Month
April isn’t just about filing taxes—it’s also Financial Literacy Month, a perfect opportunity to reflect on your financial habits, expand your knowledge, and take meaningful steps toward improving your financial well-being. Whether...
Read More10 Things You Can Do Now to Help Simplify Your Estate for Your Heirs
One of the greatest gifts you can give your loved ones is a thoughtful estate strategy that outlines your wishes after you are gone. Discussing estate details with your team of professionals is another way to help manage your legacy...
Read MoreThe Evolving Role of Women in Family Finances
March is Women’s History Month, and according to a recent survey, 49% of women consider themselves to be the chief financial officer of their households, up from 41% in 2021.1 Those numbers are even more impressive when you consider...
Read MoreDon’t Leave Money Behind: Finding Your Missing 401(k)s
You've worked hard throughout your life to build assets to support your retirement. As financial professionals, one of the most critical functions we provide is helping clients determine their retirement income needs and structuring a...
Read MoreTax Season Brings a New Wave of Identity Theft Risks
Tax season brings a new wave of identity theft risks, with criminals ready to exploit your personal data to file fraudulent tax returns in your name. Imagine the shock of discovering that a criminal beat you to filing your...
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2025 Market Outlook | The Great Moderation: Riding a Wave of Economic Stability
Cetera Investment Management is pleased to release its annual Market Outlook for 2025 titled, "The Great Moderation: Riding a Wave of Economic Stability". This coming year could end up being known as the “Great Moderation” as they...
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5 Things That Can Derail Your Retirement Plan
Don't let these 5 common mistakes derail your retirement! Learn how to maximize savings, avoid costly errors, and plan smarter in 2024 with updated strategies and contribution limits. Your future self will thank you!
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Tariffs, Taxes, and Economic Resilience: Why Understanding the Trump Tariff Strategy Matters
Tariffs, Taxes, and Economic Resilience: Why Understanding the Trump Tariff Strategy Matters In the political whirlwind that defines America, one thing remains true: the economy impacts us all. Whether you voted for Trump or Harris,...
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To Gift or Not to Gift: That is the Question
Explore the benefits and drawbacks of gifting assets to children, covering annual tax thresholds, lifetime exemptions, and strategies like using life insurance and stocks. It offers ways to maximize wealth transfer and estate planning
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The Fed’s Potential Rate Cuts and Revised Jobs Data: What It Could Mean for the Economy and Markets
The Fed’s Potential Rate Cuts and Revised Jobs Data: What It Could Mean for the Economy and Markets As the financial world digests two significant developments—the Federal Reserve’s potential shift towards rate cuts and the substantial...
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The Ripple Effects of False Jobs Numbers and China’s Economic Slowdown: What Investors Need to Know
False U.S. jobs data and China’s economic slowdown are shaking global markets. Learn how these events could impact investments, market volatility, and Federal Reserve policy, and what strategies investors should consider in uncertain times.
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Estate Valuations and Business Succession Planning
The *Connelly v. U.S.* ruling redefines estate valuations, making life insurance proceeds in buy-sell agreements taxable assets. Business owners should review their estate planning strategies to mitigate potential tax liabilities.
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Market Meltdown: Dow Plummets Over 1,000 Points in a Day – Silver Lining Ahead?
Today's market saw a major drop, with the Dow falling over 1,000 points due to economic slowdown fears and potential Fed rate cuts. Despite the decline, historical trends suggest potential for recovery. Stay informed.
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Navigating the Current Financial Markets: How Politics and Recent Events Fuel Volatility
Politics and recent events like the CrowdStrike update affecting Delta Airlines are driving market volatility. Learn about current real estate trends, inflation, and strategies to navigate these uncertain times. Stay informed with Prescott
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