MILLENNIALS

BORN 1982-1999

When you’re just starting out, you’re typically focused on your career, paying off student loans, figuring out where you want to live, and having a family. Can you have it all?

Working with us allows Millennials to use a combination of technology, plus real-life financial advice from a firm that’s been advising people successfully for decades. You can log in any time from any of your devices to check your account, send us a quick email, or set up an in-person meeting. We put your best financial interests ahead of any other consideration.

YOUR FINANCIAL GOALS

ARE IMPORTANT

Our focus will be on getting you ahead in life, whether you want to buy a new car, get married, have kids, buy a house, save money for your kids’ college tuition, travel the world or retire early. Having a plan in place and reviewing it regularly will be key to your financial planning success. Every person has unique goals, and we will start there. Through the years, your objectives will change, and we’ll work with you every step of the way.

Retirement accounts can provide valuable tax advantages, but access
and tax rules vary by account type. A 401(k) is generally a defined
contribution retirement plan; an IRA is an individual retirement
arrangement, not a defined benefit plan. Traditional IRAs and many
employer-sponsored retirement accounts may be subject to income
taxes and an additional 10% tax on certain distributions before
age 59½ unless an exception applies. That is one reason a financial
plan may include both retirement and non-retirement resources
rather than relying on a single type of account. FLEXIBILITY You want flexibility with your investments. Did you know that IRAs and
401(k)s and some other retirement vehicles are categorized as “defined
benefit” or “qualified” investments by the IRS? Because of this, in most
cases you cannot access your money until age 59-½ without paying a
10% penalty to the IRS for taking your money. We can help you make
financial assessments that are in your best interest. RISK It is often said Millennials have the time horizon to take more risk in
terms of investments, but do you have the personal risk appetite to
have all of your investments in the stock market, which can be volatile
and comes with no guarantees? Wittrock Financial Group is a
risk-averse firm, and we tend to recommend strategies which hedge
against market risk for our clients, no matter what their age. TAXES Tax decisions matter long before retirement. How you save, invest and
distribute money among different types of accounts can affect the
flexibility you have later. We consider taxes as one part of the larger
financial picture rather than waiting until retirement
to think about them. Everyone, at every age, needs to be tax-aware using tax-advantaged
investments and strategies. That is why we emphasize tax-efficiency
as an essential part of everything we do. Although this is on the distant
horizon for you right now, you should know that under current law at
age 70-1/2 years old you must start taking Required Minimum
Distributions (RMDs) out of your 401(k)s and traditional IRAs so the IRS
can start taxing you on that money. We want to help you plan well for
now, and far into your future. COMPOUND INTEREST IS ON
YOUR SIDE Starting early means compound interest—which is one of the greatest
advantages of all time. We can help you plan which investments are
right for you in meeting your highly individualized goals, without a lot
of restrictions on your life choices, job or where you choose to live.
We will work with you to help you find realistic ways to obtain the
things that you want and need, while also saving and planning for
your future.

LET’S TALK

Don’t wait. When you are young, every year that passes without attention to your finances or working toward your financial or retirement plan can cost you more than you know. Let’s sit down and take a look at your individual goals, your aspirations and your situation and make some plans that will take you into your future. We’ve been doing this a long time, and we are here for you. And know this—you are the most important part of the equation when it comes to taking control of your finances and implementing a plan.

STAY IN

TOUCH

OUR OFFICE
Chip Wittrock, Financial Advisor
Renee Wittrock, Business Development Manager
Wittrock Financial
1719 Hill Avenue
Spirit Lake, Iowa 51360

PHONE
800-725-8780

info@lifeaudit101.com