Preferred Wealth Advisors

08/19/2026

Most estate planning conversations focus on the will — but two other documents matter just as much while you're still living: a durable power of attorney and a healthcare directive. Without them, if you're ever incapacitated, your family may need court approval just to pay bills or make medical decisions on your behalf. It's a simple gap to close, and one worth checking off your list.

08/10/2026

Back-to-school season is a natural trigger to think about college savings — even if your kids or grandkids are already enrolled. A 529 plan is one of the few accounts where growth and withdrawals are tax-free, as long as the money goes toward qualified education expenses.

A few things worth knowing this month:
• Contributions aren't federally deductible, but Wisconsin residents can deduct up to $5,280 per beneficiary (2026) for contributing to Edvest 529 or Tomorrow's Scholar 529.
• Grandparents can often contribute directly without it counting against the student's own assets on financial aid forms.
• Leftover funds aren't stuck — up to $35,000 can be rolled into a Roth IRA for the beneficiary, under certain conditions.
• You're not locked into one plan forever — funds can be rolled to another state's plan, though moving out of Edvest or Tomorrow's Scholar means Wisconsin recaptures any deduction you've already claimed.

If tuition bills are landing in your inbox this month, it's worth a quick look at how your 529 is funded and titled.

08/03/2026

August is Make-A-Will Month — a good nudge to either put a will in place or take a fresh look at the one you already have. A will isn't just about assets. It's how you make your wishes known and give your family clarity when it matters most.

A few things worth checking:
• Guardianship — if you have children under 18, does your will name who would care for them?
• Clarity — are your instructions specific enough to head off disagreements among family members?
• Your legacy — does the plan reflect how you actually want your assets, belongings, and digital accounts handled?
• Life changes — a marriage, divorce, birth, or move since your will was last signed can all affect whether it still fits. If you don't have a will yet, this is a good month to start one. If you do, it's worth a few minutes to reread it and confirm it still matches your wishes.

07/30/2026

07/17/2026

Summer is wonderful — and quietly one of the easiest seasons for spending to drift.

Travel, the lake house, family visiting, dinners out, a new project around the house. None of it is a problem on its own. The risk is that this summer's nice-to-have quietly becomes next year's baseline expense — spending that creeps up a little at a time until it's just "normal."

For retirees especially, spending is the lever you control most directly. A thoughtful spending plan isn't about saying no to the things you've worked your whole life to enjoy. It's about saying yes on purpose, with a clear view of what your portfolio can comfortably support for decades.

A simple mid-year habit: pull up what you've spent so far this year and compare it to your plan. Small course-corrections now are far easier than big ones later.

07/04/2026

Wishing you and your loved ones a wonderful Fourth of July! From all of us at Preferred Wealth Advisors, we hope your day is filled with good food, great company, and plenty of fireworks. 🎉

07/01/2026

Our office will be closed on Friday, July 3rd in observance of Independence Day. We'll be back to our regular hours on Monday, July 6th.

Wishing everyone a safe and happy Fourth of July weekend!🎆

—Your Preferred Wealth Advisors Team

06/24/2026

🚧 ROAD CLOSURE NOTICE 🚧

Please be aware that Lake Road will be closed to through traffic on Wednesday, June 24th and Thursday, June 25th due to road construction. Local residents and business traffic will still have access. If you have an appointment with us, you will be able to get through — just expect minor delays.

We appreciate your patience during this time and look forward to seeing you! Feel free to call us if you have any questions about accessing our office.

06/22/2026

⏰ Friendly reminder that voting for Best of Madison is still open!

We're so grateful to be nominated for Wealth Management for the second year in a row. Thank you to everyone who has shown us such incredible support — it truly means the world to our team. Voting closes on June 30th! 🎉

You’ll find us under: Lifestyle → Wealth Management
To view all nominees, visit:

Madison Magazine's annual readers' poll celebrates the best of Madison.

06/21/2026

Father's Day is here! It's a special day to celebrate and honor the fathers and father figures in our lives. Show your appreciation with a heartfelt gesture or a thoughtful gift to make their day extra memorable.