Adam Obrecht

CFP®
Personal Finance, Retirement, Investing
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“Founder and Owner of AO Wealth Advisory, Adam Obrecht helps his clients maximize their earnings, invest wisely, and feel confident in giving generously.”
Firm:

AO Wealth Advisory

Job Title:

Financial Planner & Owner

Biography:

Adam Obrecht obtained the Certified Financial PlannerTM designation in 2008 and is licensed in 19 states. He has successfully obtained securities licenses 7245163 and 65. He also has insurance licenses with life, health, and variable lines. His professional involvement includes being a Financial Planning Association of Iowa member, Urbandale Chamber of Commerce member, and Kingdom Advisors qualified member.

Before starting his own wealth advisory firm, Adam was Manager of Investment Management Services at LWBJ Financial in West Des Moines, Iowa. There, he established a new division to manage wealth for high net worth individuals. For over five years Adam was Vice President at Broker Dealer Financial Services Corp. in West Des Moines, Iowa. He was responsible for the education of 250 representatives in packaged products and worked on advanced planning cases with the brokers.

The Des Moines Business Record named Adam to its Forty under 40 Class of 2008. Class members were recognized as Central Iowa's youthful business leaders that made significant impacts in the community. In 2009/2010 Adam was one of 40 professionals from around the state of Iowa that completed Leadership Iowa through the Association of Business and Industry. Monthly sessions were designed to deal with issues facing Iowa, including such topics as government, workforce development, education, and agriculture.

Adam is a speaker to area organizations and businesses on financial planning topics and has been quoted in Des Moines area newspapers and magazines. Adam was an adjunct professor at AIB College of Business and taught college education classes in the areas of investments and banking. He also taught a Dave Ramsey course entitled "Financial Peace University" to the members of the Urbandale community and Lutheran Church of Hope congregation.

Active in his community, Adam is an Urbandale School Board member, fundraising chair for the Urbandale Education Foundation, member of 100+ Men on a Mission, and member of Lutheran Church of Hope Johnston-Grimes. He resides in Urbandale, Iowa with his wife and sons.

Education:

BS, Agricultural Business, Iowa State University

Fee Structure:

Fee-Based

CRD Number:

3231002

Insurance License:

#6899440

Disclaimer:

Advisory services offered through Investment Advisors Corp., an SEC registered investment adviser.  Securities offered through Broker Dealer Financial Services Corp., Member FINRA & SIPC.

All Answers
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Most Helpful
    Investing, 401(k), IRAs, Retirement Plans
How should I invest my salary into my company's 401k program?
83% of people found this answer helpful

The best would be to keep doing the company plan and then do the Roth or Traditional IRA on top of what you are already doing. This assumes you have the room in your budget to increase what you are putting away. But, to directly answer your question, going down to the 6% would be a very typical way to save for retirement if you plan to keep doing the 4% out side of the company. I would also check with a tax advisor to make sure you qualify for contributions to a Roth or on the deductibility of the IRA contributions outside of the plan. That would be one reason to keep putting the 10% into the work plan is you don’t have to worry about income qualifications.

One last thing is you could check with your work plan on if you can do your 10% as a Roth contribution into the work plan. This is separate from the Roth IRA but the tax treatment is similar. This may allow you to do what you are wanting to do all in the work plan instead of setting up an outside account. 

April 2016
    Debt, Financial Planning, Personal Finance
Should my priority be paying off my mortgage principal as fast as possible to minimize the interest?
60% of people found this answer helpful
April 2016
    Investing
If a company files Chapter 11, will I lose my shares?
56% of people found this answer helpful
May 2016
    Career / Compensation, Military / Veterans
How should I work towards owning an RIA firm?
33% of people found this answer helpful
September 2017
    Marriage / Divorce, Social Security, Taxes, Disability Insurance
Can I file and suspend my Social Security benefits to let my husband receive them?
25% of people found this answer helpful
May 2016