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Monday 8am - 4:30pm Tuesday 8am - 4:30pm Wednesday 8am - 4:30pm Thursday 8am - 4:30pm Friday 8am - 4:30pm

Pratt Wealth Management

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North Mankato, MN
Pratt Wealth Management

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Pratt Wealth Management provides comprehensive financial planning and personalized investment management services to individuals, families, and businesses.

10/29/2026

“You’ll pay less tax in retirement” isn’t always true. Combining Social Security with required minimum distributions can trigger the “tax torpedo,” potentially raising the effective tax rate on additional withdrawals. See how careful planning may help: https://bit.ly/3U4oJIl

Your Social Security income and RMDs will most likely combine to deliver a tax torpedo, but there are ways to reduce your income in retirement to pay less tax.

10/28/2026

Inflation can quietly change what your retirement plan needs to cover. As prices rise, it may be worth revisiting a few key assumptions.

Rethink your withdrawal strategy: Pulling more from your portfolio during weak market returns can accelerate how quickly it shrinks, so flexibility may matter more than sticking to a fixed amount.

Reassess your investment mix: Cash and bonds offer stability, but prolonged inflation may be a reason to review whether your portfolio still has enough long-term growth potential.

Don’t rely on COLA alone: Social Security adjustments can help, but they may not fully keep pace with the expenses that are rising most in your own budget.

See which parts of your retirement plan may need another look as inflation changes: https://cbsn.ws/4hF3FBC

10/26/2026

Saving strategically for retirement is important for everyone, but it’s especially crucial for women since they live longer than men on average. Learn the most important factors to consider when claiming Social Security and maximizing retirement income: https://bit.ly/3Tl6sT0

10/23/2026

Got questions about 529 plans? From tax benefits to withdrawal rules, this FAQ covers key facts to help you make the most of your college savings. Get the answers you're looking for to plan confidently for the future: https://bit.ly/4u0VkLW

A 529 plan is a tax-advantaged account that can be used to pay for qualified education expenses, including college, K–12, apprenticeship programs, and more.

10/21/2026

Skipping a bank account beneficiary could leave your money tied up in probate when loved ones need it most. Naming one can help funds pass directly to them and typically takes precedence over what your will says. See how to choose the right beneficiary: https://yhoo.it/4hRATOt

What happens to the money in your bank accounts when you die? Hopefully, it goes to a loved one who needs it. Naming a bank account beneficiary ensures that happens. Here's what to know about bank account beneficiary rules.

10/19/2026

Retirement isn’t built on viral hacks—it’s built on habits. Boring = effective.

💵Spend less than you earn
🔄Automate everything
💻Monitor consistently

Learn how to future-proof your finances. https://bit.ly/4c5jHRh

You might be surprised to find that the most useful financial habits are the simplest.

10/15/2026

💰 Save with intention: Track spending, separate needs from wants, and automate savings so progress doesn’t depend on willpower alone.

📈 Diversify your investments: Spread money across different types of assets to help reduce the risk of relying too heavily on any one area.

🎯 Manage debt and credit wisely: Pay down high-interest balances, keep credit use in check, and make payments on time.

Want the full breakdown on taxes, insurance, and other ways to protect what you build? Read more: https://bit.ly/45HDzqG

Discover how earning, saving, investing, and protecting assets can help you start building your personal wealth in 7 straightforward steps.

10/14/2026

Grandchildren are one of life’s greatest pleasures. Here are eight ways to help them out financially without sacrificing your retirement savings. See how: https://bit.ly/4c8D8r4

To give your grandkids money without clearing out your 401(k), considering saving for their education, or making them your life insurance beneficiary.

10/12/2026

Retirement doesn’t have to mean stopping work all at once. Here are 3 ways to shape a next chapter that fits you:

• Ease in gradually: Cut hours, shift to a mentor role, or take a sabbatical. Staying connected to work on your terms feels more natural than a hard stop for many people.
• Turn passions into paychecks: Hobby jobs, travel gigs, and part-time roles in fields you love add income, structure, and purpose without the grind.
• Reinvent entirely: New certifications, entrepreneurship, or a second career can bring the fulfillment your first one never did.

Read more ideas for building a retirement that feels right for you: https://bit.ly/3RAfSN4

Address

1651 Commerce Drive
North Mankato, MN
56003

Opening Hours

Monday	8am - 4:30pm
Tuesday	8am - 4:30pm
Wednesday	8am - 4:30pm
Thursday	8am - 4:30pm
Friday	8am - 4:30pm

Website

http://www.prattwealth.com/

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