David Wattenbarger

CFP®
Personal Finance, Retirement, Investing
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“With over 16 years of experience in the financial industry, David Wattenbarger provides fee only investment management and holistic financial planning to a select clientele.”
Firm:

DRW Financial

Job Title:

President

Biography:

David Wattenbarger is the President at Drw Financial in Chattanooga, TN and has over 16 years of experience in the finance industry. He started DRW Financial as a fee-only financial advising and planning firm after working for twelve years “behind the scenes” in financial services, where he learned a great deal about how best to serve the needs of his clients.

David has found it valuable to continue learning, and earned his CFP® designation, as well as the Chartered Advisor in Philanthropy® designation, which aligns well with his desire to help clients align their financial lives with their own unique values. David's prior professional experience includes serving as a general principal, options principal, and municipal bond principal for an independent broker dealer, as well as extensive work with other financial professionals on a consultative basis.

David's personal values revolve around carving out quality time with his family and making the work he does worthwhile and valuable to his clients.

Education:

BA, College Scholars, University of Tennessee, Knoxville

Assets Under Management:

$7 million

Fee Structure:

Fee-Only

CRD Number:

4183339

Disclaimer:

INFORMATION PRESENTED IS FOR EDUCATIONAL PURPOSES ONLY AND DOES NOT INTEND TO MAKE AN OFFER OR SOLICITATION FOR THE SALE OR PURCHASE OF ANY SPECIFIC SECURITIES PRODUCT, SERVICE, OR INVESTMENT STRATEGY. INVESTMENTS INVOLVE RISK AND UNLESS OTHERWISE STATED, ARE NOT GUARANTEED. BE SURE TO FIRST CONSULT WITH A QUALIFIED FINANCIAL ADVISER, TAX PROFESSIONAL, OR ATTORNEY BEFORE IMPLEMENTING ANY STRATEGY OR RECOMMENDATION DISCUSSED HEREIN

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A ROTH IRA is one type of retirement investment account, and the ways is may grow are similar to many other types of investment accounts.  There are three common ways for account balances to grow:

  • Contributions: this is cash added to the account from other sources.  ROTH and traditional IRAs have annual contribution limits that depend on age, income, and tax filing status, and up to the those limits the account holder can add funds they choose to commit specifically to their retirement goal
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Some things that can slow the rate of growth in the account or even lower the balance would include: market losses, custodial fees related to holding the account at a particular custodian, internal expenses to a particular investment product (like with mutual funds, annuities, etc), transactional expenses to buy or sell investments (like commissions or ticket charges), and fees paid to an investment adviser.

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