Credo Wealth Management
Independent Personal Wealth Manager
Hello, and thank you for stopping by! I am a husband, father, Marine, independent personal wealth manager, business manager, and sports fan.
It is a great honor to enjoy the following highlights:
· Perfect 5-star rating by private clients
· No commissions or minimum investment
· Published by NASDAQ and Investopedia
· Featured financial advisor by Visa, Inc.
· Historically better investment returns*
*based on data from ARC Private Client Indices (PCI)
Credo means “I believe”. We believe in supporting your heritage by empowering your legacy. We are your personal advocate with fee-only management and advice, Proverbs-based principles, proven strategies, leading technology, human expertise, and historically better performance than the average investor. Credo Wealth Management was born from a passion to help people manage their finances and enjoy a fulfilling life while creating a legacy.
Daniel Schutte founded our firm upon earning his Series 7, Series 66, and Health & Life licenses. After training to be a financial advisor with a large company, he chose to become an independent Registered Investment Advisor in order to serve clients without pressure from commissions, quotas, or restricted investment and insurance options. While Dan has been conducting market research and studying wealth management for over 15 years, he now enjoys providing this service to our valued clients with both competence and care.
Dan is currently managing budgets up to $10 million for Visa, Inc. and previously served as a Marine Corps Intelligence & Operations Officer where he managed over $50 million in assets with the First Marine Headquarters Group. As a resident of Denver, Colorado, Dan is married to his wife, Sarah, and enjoys spending time making memories as a family.
Start investing in your legacy today at: CredoWealthManagement.com
Master of Business Administration (MBA), American Military University
CONTENT: All written content displayed here is for information purposes only. Opinions expressed herein are solely those of Credo Wealth Management LLC unless otherwise specifically cited. Material presented is believed to be from reliable sources and no representations are made by our firm as to another parties’ informational accuracy or completeness. All information or ideas provided should be discussed in detail with an advisor, accountant, or legal counsel prior to implementation. This communication may provide links to others for the convenience of our users. Our firm has no control over the accuracy or content of these other sources. REGISTRATION: Advisory services are offered through Credo Wealth Management LLC; an investment advisor firm domiciled in the state of Colorado. The presence of this communication on the Internet shall not be directly or indirectly interpreted as a solicitation of investment advisory services to persons of another jurisdiction unless otherwise permitted by statute.
Welcome to Credo
Invest in Your Legacy
Your Value: Human Insight with Robo Tech
You bring up a really good point. Due to the examples you provided, you absolutely should have some shorter-term (and more conservative) investment options. Regarding waiting for retirement, you may still want to consider the power of compounding returns from allowing the funds to grow over longer periods of time. You can accomplish both of these goals with a taxable account (shorter-term and more conservative) along with a Roth IRA (longer-term and more aggressive) at Betterment.
Financial planning does not have to include retirement and should absolutely be focused on your own goals and time horizon. What probably everyone should plan for is how to cover expenses at each stage in life. Regardless of if or when you want to retire, you would probably agree that growing and protecting your personal assets is a good plan. After evaluating and your current cash flow, assets, and future goals, you could invest in a diversified portfolio that is allocated based on your risk tolerance to help fight inflation and generate additional income.
Value investing can have many advantages but should only be a portion of your portfolio. Also including growth and index instruments can also be critical to maximize your return potential and help cushion risk. You can get an excellent mix of these elements in a low-cost, managed portfolio that is automatically rebalanced based on your goals and time horizon at Betterment.
Yes, I would absolutely drop the contribution to the max employer match of 6%. The remainder of that 12% could be put in an individual (non-retirement) account and be split between a more conservative and moderate ETF portfolio allocation. That way, you would not be penalized for early withdrawals should you need a more liquid asset option, give yourself a better alternative to borrowing against your 401(k), and keep your investment growing to fight inflation, especially if there is not a layoff later. Good luck!
Yes. Anyone, regardless of income, is eligible to convert his or her Traditional IRA into a Roth IRA. You can do this quickly and simply with a low-cost ETF portfolio in a managed account at Betterment (after initial setup, add a Roth IRA account then start a rollover).
Important things to note:
- If you would like to complete a conversion for the 2017 tax year, the IRS requires that the conversion completes by December 31, 2017. Please note, if the last day of the year falls on a weekend, the conversion needs to be completed during market hours on the last business day of the year.
- Betterment does not withhold taxes for you, because it reduces the amount of money that can grow tax-free in your Roth IRA.
- Generally, any funds you convert from Traditional to Roth which were previously deducted will be subject to income tax. Since Betterment cannot provide specific tax advice, we recommend you consult a tax advisor and the IRS Publication 590.
Please note that if you live in Michigan, there are special requirements for completing your conversion.