Mary O'Malley, Financial Planner- Prudential Advisors

08/19/2026

Early estimates for the 2027 Social Security cost-of-living adjustment have moved lower as inflation moderates.

New projections suggest the 2027 COLA may fall between 3.4% and 3.6%.

The official adjustment has not been announced yet. The final number will depend on inflation data for July, August, and September.

Social Security COLAs are calculated using the Consumer Price Index for Urban Wage Earners and Clerical Workers, known as CPI-W.

July data showed CPI-W rose 3.4% over the past 12 months. The broader consumer price index also rose 3.4% year over year.

One estimate from AARP suggests a 3.5% COLA would raise the average retired worker’s benefit by about $73 per month.

For retirees and near-retirees, the COLA is an important reminder that inflation can affect income, purchasing power, household expenses, and long-term financial decisions.

New estimates show just how much Social Security benefits may increase in 2027, based on new government inflation data.

07/29/2024

The average family plans to spend $900 on décor, food and more this holiday season.* Make sure you have a plan in place for your holiday spending to help take the stress out of the holidays.

*Fox Business

Americans on average will spend nearly $900 on gifts, decorations, food and more this holiday season. Amid high costs, Ramsey Solutions' personal finance experts share wise money tips.

07/25/2024

Are you considering long-term investment goals when making major financial decisions? Financial professionals can help you navigate your options to achieve the future you desire, just like my colleague Brandon Goldstein discusses in this new article from MarketWatch: https://on.mktw.net/48RyjjS

Message me today to start investing in your financial future.

"I hate the unpredictability of spreading payments over 30 years where financial circumstances can change."

07/23/2024

One in five parents say they’ve tapped into retirement savings to help adult children with their finances. By setting financial expectations with your family now, you can avoid depleting your own resources later.

Prudential’s Delvin Joyce shares more on the importance of financial planning among today’s economy in a new article from Barron’s:

A Bankrate report found that almost 70% of parents with adult children have made financial compromises to support them.

07/21/2024

As we step into the new year, it is the perfect time to review your finances. Explore these five financial tips to help make sure you stay on track this year.

These financial planning steps can help ensure your financial wellness for the rest of the year, so take some time to look at your goals, debt, taxes and more.

07/19/2024

I am proud, honored and excited to be teaming up with RU athletes to assist them in making the best decisions possible for their financial future. It’s all part of a new partnership between Prudential and Rutgers to expand access to financial education and security. Now that’s teamwork for a brighter tomorrow! I can help you too. Please reach out!

07/17/2024

The road to generational wealth looks different for everyone. Entrepreneur Ashley McDonough took her passion for travel and founded Melanin on the Map, a community platform for minority travelers. Learn more about Ashley’s journey and how Prudential can help guide you to financial freedom.

Are you ready to redefine what wealth looks like for you, your family, and your future? We love it! But, how to begin? Prudential knows all about the importance of […]

07/15/2024

At Prudential Advisors, creating superior advisor and client experiences is our top priority – and our strategic relationship agreement with LPL is an example of how we’re doing just that. LPL’s CEO Dan Arnold highlights the upcoming onboarding and benefits for Prudential Advisors during their recent analyst calls. Read about it here: https://bit.ly/44IgV00

Contact me today to learn more about our future capabilities with LPL and why now may be the right time to transition your practice to Prudential Advisors.

07/11/2024

Recent findings from Prudential’s “2024 Pulse of the American Retiree Survey” reveal a significant shift in retirement planning. With the decline of traditional pension plans, 55-year-olds are now almost twice as likely to rely on 401(k)s compared to older generations. This demographic reports a median retirement savings of less than $50,000—far below the recommended eight times their annual income.
As financial advisors, it's crucial to address these challenges proactively. Here’s how you can help:

1. Educate on the Importance of Early Savings: Highlight the necessity of starting early to leverage the power of compound interest.
2. Budget for Retirement: Assist clients in understanding their current financial status and how it projects into their retirement plans.
3. Explore Income Streams: With the demise of pension plans, consider introducing your clients to alternatives like income-based annuity products and dividend-paying stocks and bonds to supplement Social Security.

See more insights from Brandon Goldstein, Financial Planner from Prudential Advisors and Dylan Tyson, President of Retirement Strategies - https://bit.ly/planadviser-pru-jun24



Annuities are issued by Pruco Life Insurance Company, Newark, NJ (main office). Pruco Life Insurance Company, a Prudential Financial company, is solely responsible for its own financial condition and contractual obligations.

The reliance on 401(k)s means retirement industry must turn attention to this group about 10 years from the traditional retirement age.

05/26/2024

Nearing retirement is an equally exciting and nerve-wracking time. As you prepare for the next phase in your journey take a look at these tips to help make sure your retirement plans stay on track.

Looking to learn more about the tools that can help you support your retirement plans? Reach out today to discuss [email protected]

With so many critical decisions to make and lots of opinions to consider, here are some common-sense tips to keep you on track.