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.
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Moving to a more conservative allocation is prudent as you near retirement so you can better weather a market downturn. However, fighting inflation is also important if you want to stretch your principal. Depending on your goals and time horizon, you can split your allocation between stock and bond funds. An ETF portfolio with an appropriate ratio is a great way to diversify risk and can be managed by a trustworthy financial advisor.
Avoiding Required Minimum Distributions (RMDs) is a great reason to convert to a Roth IRA. If you have the funds outside of your retirement accounts to pay for the tax obligation, you are in great shape to make the conversion. Of course, additional benefits include tax-free growth and qualfiied withdrawals later, so you do not need to factor in a reduced net gain.
The reason bonds may not appear to be what they used to be is that interest rates of dropped. If they go back up (highly likely), the value of a bond fund will decrease in value. With average current high quality bond returns at about 3%, you would hardly keep up with inflation.
Yes, as you approach retirement, you do want to consider reducing your exposure to market volatility. If you cannot afford a dip in fixed income or wish to wait a decade for a market recovery, it would be prudent to diversify your portfolio with a higher bond fund allocation. This mix can be carefully adjusted and re-balanced for you to help retain growth to fight inflation while providing income.
Good for you! Buying stocks is a great way to target mutiplied returns on your investment. However, deciding which ones to buy and how much to spend can be very tricky (and risky). If you want to do it yourself, you may want to get some guidance from a financial advisor to recommend specific selections. Otherwise, you may want to consider a low-cost ETF portfolio that is semi or fully automated based on your goals and time horizon at Betterment.
Many financial planners will suggest an annuity because they receive a high commission from selling it. While you do want to consider potential downside risk, you should also be aware of other annuity cons such as typically capped returns and loss of principal during the payout phase. You might want to consider a conservative to moderate ETF portfolio instead, which can be managed to provide income and targeted to keep up with inflation at Betterment.