Pratt Wealth Management

07/16/2026

70% of wealthy families lose it all by the second generation — keeping wealth in the family is harder than building it.

Trusts provide guardrails: Spendthrift and dynasty trusts protect assets from impulsive spending, creditors, and divorce for generations.
Silence is costly: Nearly 60% of wealth transfer failures stem from poor family communication, so start money conversations early, before inheritance arrives.
Teach before you transfer: Financial literacy must be intentional. Families that succeed treat wealth transfer as an educational process, not just a legal one.
See the strategies that help generational wealth endure: https://bit.ly/41KEoNB

Learn the safest estate planning strategy to pass on generational wealth while minimizing taxes, protecting heirs and avoiding common inheritance mistakes.

07/15/2026

Building wealth is one thing—keeping it takes a different skill set. High-net-worth individuals pay close attention to diversification, taxes, insurance, estate plans, and long-term goals. See how these five focus areas can strengthen your finances: https://bit.ly/4m9CGgK

Even if you’re not a high-net-worth individual, these strategies for long-term investing, tax management and more can be very helpful to get you on track to being an HNWI.

07/13/2026

Estate planning mistakes can undo even the best intentions. A clear plan helps protect your assets, spell out medical wishes, and spare loved ones stress. Learn the most common estate planning missteps to avoid and how to get started the right way: https://bit.ly/4bXYVUX

Don’t make these common estate planning mistakes and your loved ones will thank you

07/09/2026

Stock indices turned in their strongest quarters since 2020, boosted by a strong tech sector rally: https://tinyurl.com/562fserj

Consumer confidence showed that concerns persist about the future, but retail sales showed consumers are still willing to spend.

07/08/2026

Headlines say “AI hype,” but strong corporate earnings are the real driver. Markets hit new highs more often than you think—and history favors staying invested, not waiting. Short-term noise fades; long-term growth wins. Read the full blog for insight: https://tinyurl.com/2n3mkjpf

Q2 2026 markets rebounded strongly on record corporate earnings despite inflation concerns and rate hike expectations, with major indexes posting gains.

07/06/2026

We’re honored to announce Bryan Pratt was recently recognized in the Mankato Free Press “BEST OF MANKATO” 2026 awards as First Place in the Financial Planner category. This recognition speaks to his dedication and commitment to help clients achieve what matters most. Thank you to all those that voted!

Results and a featured article can be found in the most recent issue of Mankato Magazine: https://mankatomagazine-cnhi.newsmemory.com/

2026 BEST OF MANKATO Award, created by Mankato Free Press, published July 2026. Data based on voting period between Feb 1, 2026-April 30, 2026 Award winners determined by reader voting. One vote could be cast per day per person in each category. Award does not imply an endorsement, recommendation, or reflect the performance of the advisor. Visit https://www.mankatofreepress.com/best-of/ for more award information.

First Amendment: Congress shall make no law respecting an establishment of religion, or prohibiting the free exercise thereof; or abridging the freedom of speech, or of the press; or the right of the people peaceably to assemble, and to petition the Government for a redress of grievances.

07/04/2026

All of us at Pratt Wealth Management wish you a safe and joyful Independence Day filled with family, friends, and celebration.

🎆 Stay safe and enjoy the holiday!

07/02/2026

Our office will be closed on Friday, July 3rd in observance of Independence Day.

Thank you for your continued trust in us. We wish you and your family a safe, relaxing, and enjoyable holiday weekend!

07/01/2026

Retiring in the next 5 years? What you do now can make a real difference:

📝Review your HSA: If you’re eligible, an HSA can help you save for future healthcare costs with tax advantages.
💵Test your budget: Try living on your expected retirement income to see what works and where you may need to adjust.
🗓Think through timing: Delaying retirement, even by a few years, could give you more time to save and may increase Social Security benefits.

Learn all 10 moves to consider before your last day on the job: https://bit.ly/4uMmDde

It makes a lot of sense to start assembling a list of things to do before your last day at your job.

06/29/2026

Estate planning sounds grim, but it’s really just smart prep. From naming guardians to managing healthcare wishes, organizing your future now saves stress for loved ones later. Here’s your 7-step guide to getting it done right: https://bit.ly/44Bun7x

You've probably already started the estate-planning process. We share seven steps to help you find a qualified attorney, take stock of your assets, and more.