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Patrick McNally

Advisor Details

Financial Advisor in Redding, California with 24 Year(s) of Experience

Professional Designations

Registered Investment Advisor (RIA)

Personal Bio

Welcome to Retirement Lifestyles Advisors where it’s all about having the health, wealth and freedom to live your dream retirement.

Starting out in financial services in 1999 I began my career working for my father in his insurance agency. After he retired I moved on to a large wealth management company where I quickly learned that the financial goals were more in line with the company than with the clients.

In 2010, I struck out on my own and founded McNally Wealth Management with the simple mission to provide transparent independent financial advice free from conflicts of interest such as hidden expenses and high commissions.

A year later I started hosting the Saturday morning radio show “Retirement Lifestyles with Patrick McNally” on News Talk 105.7 KQMS.

Our mission and our planning style became synonymous with the name Retirement Lifestyles, so we decided to change our firm name to match.

Over 13 years later we are the number one financial radio show in the North State.

When I’m not working on financial plans or hosting the radio show, you can find me traveling with my wife and two teenagers, doing CrossFit, hiking with my golden retriever Gunner, or spending as much time as possible on the golf course!

Dedicated to Your Retirement Lifestyle.

Personal Introductory Video

Firm Name

Retirement Lifestyles Advisors

Firm Bio

Income.

It’s the most important thing you need to plan for in retirement.

Most people want more income in retirement, or they worry about running out. So, I build investment plans that create a Predictable, Consistent and Safe retirement paycheck that can increase every year, no matter what the market does. Ultimately giving you peace of mind and the freedom to enjoy your dream retirement.

My name is Patrick McNally and I’m the Founder and CEO of Retirement Lifestyles Advisors, headquartered in beautiful Northern California.  My firm is a registered investment advisory firm that adheres to a fiduciary standard of care for all of our clients and specializes in retirement income planning.

But income planning is really more than just knowing your number or having “just enough” to get by. It’s about Peace of Mind.

It’s a way to feel comfortable about your retirement savings and about gaining the confidence to actually spend some of it and have some fun. Ultimately it’s about having an abundant retirement lifestyle.

I meet so many retirees and continually find that a large number of them are simply afraid to spend any money. It’s not surprising because most people never really consider the fact that they are literally giving up the paycheck they’ve had for the last 40 years! It can be daunting to say the least.

The truth is, the strategies for distributing your retirement income are very different from those you used to accumulate your life savings over the last 20, 30 or even 40 years. Understanding this difference is an important insight you’ll gain by working with me.

Throughout our working lifetimes we become concerned about saving money and building wealth. We become obsessed with market growth. Sometimes we focus on a term called ROI or Return on Investment.

But at retirement there’s another type of ROI that is even more important.

This ROI is Reliability of Income.

The reliability of our retirement income is something that all successful retirees focus on. We address the issue of having a predictable and reliable income that will last you throughout your retirement years.

I believe that most of us would agree these are fairly trying times. Pandemics aside, as Americans, there’s much that concerns us as we live our lives each day.

Many of us share concerns over an uncertain economy. Or about the stock markets which always seem to be volatile day in and day out.

Increasingly, there are worries over inflation, will the dollar keep up with the rising costs of everyday goods and services.

For a long time, I’ve been concerned about the high debt loads many families carry. Combined with a savings rate that is at or near an all-time low, many families have set themselves upon a dangerous financial course with little margin for error.

Challenges, of course, are nothing new to older Americans. They’ve taken on so many, and faced down every one of them.

If you are retired or getting close, you’ll enjoy walking down this journey to a retirement lifestyle of abundance and peace of mind.

Dedicated to Your Retirement Success

Advisor Type

RIA - Retirement Lifestyles Advisory Group

Total Assets Under Management

$38657985.00

Firm SEC/CRD #

154642

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Education

San Diego State University
BA Economics
Duration: 1997 - 2000

License(s)

Series 65, Life and Disability, Annuities

Advisor SEC/CRD #

5167829

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Are you a Fiduciary?

Yes

Do you receive any commissions or fees based upon financial products that you provide to your clients?

Yes

Methods of Compensation

Fee-Based, Flat Fee, Hourly Fee

Specialties

Preferred Client Type

Activities/Hobbies

Golf, Hunting, Pickleball, Skiing/Snowboarding, Travelling, Weight Lifting, Yoga

Language Spoken

English

Volunteer Experience

Board Member: Society for Human Resource Management (SHRM) Northstate chapter.
Board Member: Bethel Church

Disclaimer

Patrick Daniel McNally is a Registered Investment Advisor in the State of CA, DBA Retirement Lifestyles Advisory Group. CRD #154642 Ca Insurance License 0C76421

Past performance never guarantees future results. Inherent in any individual security, investment product or investment management program is the potential for profits as well as the risk of loss. No one can consistently predict, time, or control market conditions or investment performance. Consult your financial advisor, tax advisor, attorney, and other professional advisors before making any financial decision or taking any investment action. The information and web-site links we provide are strictly a courtesy. All interest rates or portfolio examples are for illustration purposes only. Individual results may vary. Advisory Services offered through Retirement Lifestyles Advisory Group, a CA State registered investment advisor. Securities and Brokerage services provided by  © 2022 Charles Schwab & Co., Inc. All rights reserved.

Investment Philosophy

Dream it. Plan it. Live it.

“Proper planning will give you peace of mind and the freedom to enjoy your dream retirement.”

You’ll Find Out if Your Retirement is on
Track With These 6 Key Areas of Planning

Planning For Retirement:

  • What is your time horizon until retirement? When is the big day?

  • Will you “fully” retire? Or have you considered a “partial” retirement and work part-time?

  • Have you reviewed your most recent Social Security statement(s)?

  • Do you have a pension? Which survivor options should you choose?

Investment Management:

  • Is your portfolio correctly balanced to provide predictable, consistent and safe retirement income?

  • How does your current portfolio compare?

  • Are you using the correct investments for income?

  • What are the costs inside of your funds?

  • Do you want to leave an inheritance for someone?

  • Are your beneficiaires up to date on your retirement accounts?

Income Planning:

  • Where does your income come from? How many streams do you have? Are they fixed or variable?

  • What “Rates of Return” do you need to give you the income you want?

  • How will you outpace inflation each and every year?

  • Are you investing mainly for growth or income?

  • How much income do you need vs how much do you want?

Risk Management:

  • Do you need life insurance in retirement?

  • Are you paying too much for your Medicare insurance?

  • Does your health coverage give you nationwide protection?

  • How do you avoid going bankrupt in retirement due to healthcare costs?

  • Do you have an emergency fund?

Estate Planning:

  • Do you have a will? Have you created a trust? When was it last reviewed or amended?

  • Do you have a designated “Power of Attorney” for health and financial decisions?

  • Do you have quality of life directives?

  • Are your beneficiaries updated?

Tax Planning:

  • Do you meet with your tax preparer for a year end review?

  • Does your tax professional help reduce taxes each year?

Fun Questions About You

What are your three best travel destinations?

Hawaii, Cancun, England

What book is on your nightstand, and what is the subject matter?

Bible

What type of music do you listen to most often?

current hits

Tell us something about you that most people don't know?

I've acted in commercials

What are the three best movies that you could watch over and over again?

Top Gun, Dumb and Dumber, Tropic Thunder

What are your favorite sports teams?

UCLA Bruins, Oregon Ducks

What items do you like to collect?

Golf ball markers

Contact:

2520 Goodwater Avenue
Redding, California 96002

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