Gratke Wealth, LLC
David Gratke’s belief is that a life in balance is vital to reaching your financial summit: that picture of what your financial future looks like, when it will be and how it will feel when you reach it. When David’s not helping his clients plan for and achieve their retirement and financial goals, his trademark boots can be found en route to the slopes, cyclocross track, climbing a peak or riding the waves on the Oregon Coast.
Having been raised in a banking family, and after graduating from the University of Oregon with a BS in finance, David was employed by some of the financial industry’s giants in 1980. He has seen the industry change over time. He’s seen what works, and what doesn’t, and he takes pride in his ability to provide the modern equivalent of the trusted financial advisor of the past. Today David’s boots can be found at his own practice: 1915 NW Amberglen Pkwy, 4th Floor Beaverton, OR 97006.
BS, Finance, University of Oregon
Hourly and Fee
Gratke Wealth, LLC is a registered investment adviser in the State of Oregon, California. The adviser may not transact business in states where it is not appropriately registered, excluded or exempted from registration. Individualized responses to persons that involve either the effecting of transaction in securities, or the rendering of personalized investment advice for compensation, will not be made without registration or exemption.
"How the world’s greatest financial experiment enriched the rich"
Are you receiving an employer match inside of your 401(k)? You didn't mention, but if you are, that could be sizeable to pass up. Is it possible that after your employment, you can become self-employed? If so, then consider a 'Solo 401(k) where a loan option is available, unlike IRAs. Just some alternative ideas to think about from the advice you have already received.
Great question, at our firm, we are of the belief that we are in yet another massive financial bubble. That being said, there are times you want your money 'playing' on offense, (when markets have low risk) at other times on defense, and then other times, bring in the special teams, (when markets have high risk) to use the football metaphor.
We are advocates of using the historical movement of assets in previous stock market crashes to help investors determine how much downside they are comfortable with, regarding their investments. This helps set their ‘asset allocation’.
There are tools to help investors understand the risks inside of their investments. You should consider seeking out a service like this, and then determine where your investments should go, based upon downside risk, or what our industry calls, 'drawdown'.
We are big advocates of all households running a 'Social Security Benefit Claiming Strategy' optimization report. Simply this, over any life expectacy assumption for each spouse, there is one favored date for each spouse to claim their benefits. Any other date, will result in less lifetime income from SSI. I would recommend you 'optimize' your claiming strategies first, then see how the 401(k) fits in with that.
Reportedly there are over 81 combinations for a married couple in claiming their Social Security benefits. Not a simple task to solve, without assistance.
Thanks for reading.
Great questions.. there are thoretical answers and then there's the 'real world'. Given that global asset prices (stocks, bond and real estate) are now standing at all time highs again (not every index mind you), but here in the US we are in the third asset bubble in as little as 17 years. I would be more concerned with this bubble and protecting my net worth. After this current bubble pops, assuming one has taken precautionary steps to protect their assets, you will have all the financial flexiblities to buy assets at 'reduced prices' after the bubble pops. No use assuming a 7% ROI if you are standing in front of a major market decline. Remember, what declines -50% must earn +100% just to get back to breakeven, where you started.. Hope this helps.
Sorry about your loss. With over 29 respondents to your question so far, let me just say this, start your process with due diligence of any potential advisor, advisory firm with this U.S. Government website: https://brokercheck.finra.org/
"FINRA. Who is FINRA? FINRA is an independent, non-governmental regulator for all securities firms doing business with the public in the United States. We are authorized by Congress to protect America's investors by making sure the securities industry operates fairly and honestly. Learn more about FINRA at www.finra.org."
Once you find someone you can trust, let them guide you as they have professionally done for their other clients. All the best.