Jeff Petronack is a Wealth Advisor with LPL Financial.
I’ve been with Wings Financial Advisors for over six years and look forward to helping many more members seek to achieve their financial goals. I love using my financial planning background to ensure my clients are on track for retirement – and that I give them the confidence knowing they can do the things they want later in life.
I started with a BA in Mathematics and Business Administration from the University of St. Thomas. Since then, I have had over 20 years of experience working in the financial services industry with Certified Financial Planner (CFP®) and Retirement Income Certified Professional (RICP®) designations.
My wife’s name is Tiffany, and we have two children. I spend my spare time with my family, traveling, playing golf, and cheering on the Minnesota Vikings.
As a general rule of thumb, the younger you are, the more you should have in stocks, then add bonds as you are approaching retirement.
Wings’ core value is to provide each member with outstanding service, and we take pride in doing exactly that.
First and foremost, one should have an emergency fund that is liquid equal to six months of expenses. Once that is accomplished, start with tax-advantaged accounts. If your workplace offers a 401(k) with a match, be sure to take full advantage of that match. The next step is to fund either an IRA or Roth IRA. With an IRA you may get a deduction on your taxes depending on your income. With a Roth IRA, you will never have to pay tax on that money when distributions are taken after the age of 59 ½ and held for five years. Certain income limits apply.
Securities and advisory services are offered through LPL Financial (LPL), a registered investment advisor and broker-dealer (member FINRA/SIPC). Insurance products are offered through LPL or its licensed affiliates. Wings Financial Credit Union and Wings Financial Advisors are not registered as a broker-dealer or investment advisor. Registered representatives of LPL offer products and services using Wings Financial Advisors, and may also be employees of Wings Financial Credit Union. These products and services are being offered through LPL or its affiliates, which are separate entities from, and not affiliates of, Wings Financial Credit Union and Wings Financial Advisors. Securities and insurance offered through LPL or its affiliates are:
Not Insured by NCUA or Any Other Government Agency
Not Credit Union Guaranteed
Not Credit Union Deposits or Obligations
May Lose Value
Your Credit Union (“Financial Institution”) provides referrals to financial professionals of LPL Financial LLC (“LPL”) pursuant to an agreement that allows LPL to pay the Financial Institution for these referrals. This creates an incentive for the Financial Institution to make these referrals, resulting in a conflict of interest. The Financial Institution is not a current client of LPL for advisory services. Please visit https://www.lpl.com/disclosures/is-lpl-relationship-disclosure.html for more detailed information.
The LPL Financial registered representative(s) associated with this website may discuss and/or transact business only with residents of the states in which they are properly registered or licensed. No offers may be made or accepted from any resident of any other state.