Five Star award winner Daniel Schutte

Friendly Warning to Millennials

Hello Friend,

This is a special message with a warning that I am grateful to have heeded at the age of 18 and hope you will as well. I have seen the results experienced by people who have also heeded or ignored it. With a passion for helping others support those they love, I humbly submit the same warning with hopes that you will benefit as well.

The age bracket that typically includes those from 18 to 34 years old are considered to be in in a group known as Millennials. There are now more Millennials than Baby Boomers, so it’s no wonder we may think we are smarter or more powerful than our parents.

We do not like being told what to do, often prefer a DIY (Do It Yourself) option, and want more but faster and for less. However, as we strive to provide for our current or future families, there is a strong warning to be heeded if we do not want to disappoint ourselves or our loved ones.

Each of us will choose to either disregard and excuse or accept and engage this reality. Regardless of personal opinions or beliefs, all of us will be subject to the reward or rebuke of our own decision regarding this fact. Anyone who wants to know the truth can test the validity of this caution. Those who do not care or resort to self-pity will still feel the consequences. What we do is up to us.

Personal experience and care for my fellow peers compels me to speak up. You may not have heard this warning yet because those closest to you could be embarrassed that they are struggling and wish they heeded it sooner. Beware, this may be one of the only times you hear it before time runs out to effectively correct your course.

Those who know former hardship or support this foresight hold an opportunity to inspire Millennials by emphasizing this insight, and I encourage you to make a difference by sharing this with your own affirmation. We still have time to impact our destiny and influence our legacy. Immediate action or additional delay will dictate positive or negative personal results.

While money is not everything, no one can deny its effect on our life goals and practical influence on those around us. In response to financial requirements, some people we know may resort to a bailout that confines them to a restricted quality of life. If your plan defaults to depending on government assistance, you may be surprised to regretfully learn the asset forfeiture typically required to qualify for Medicaid or other forms of welfare, again, resulting in restriction or forced poverty.

If you come from a background that confused the responsibility of providing with the love of money or being content, you may have some false guilt that needs to be replaced with an emphasis on wise stewardship. Principles found in the Proverbs do not support a complacent disregard for debt, cash flow, investing, asset protection, or estate planning.

If you want more than the default result of failing to act wisely or soon enough, you must understand:

correlations of education and skills on income potential
asset and cash value reduction over time from inflation
threats to income and assets from insurance gaps
compounding returns from investment yields over time
application requirements for government assistance

WARNING:

The simple and indisputable fact is that a Baby Boomer currently retiring at age 67 with $1 million dollars in savings generates an average annual withdrawal of only $40,000 per year. With the same $1-million-dollar target, it gets much worse the younger you are. Those aged 42 retiring at age 67 would generate an average of only $19,000. Millennials currently aged 32 and retiring at age 67 with $1 million dollars in savings and an average annual withdrawal would be below the poverty line, and so it goes based on the future value of money.

SOLUTION:

Action is required to increase your income, protect your assets, and prudently maximize your earnings through investing with diversified risk and long-term growth. If you do not want to retire in poverty or be forced to work instead of enjoying freedom to pursue your life goals, you must be urgent now.

The free market of supply and demand typically links income with academics and marketable skills, so take action to increase your education and leverage finance options to reduce the cost while supporting quality. Earning more and spending less than you may originally have thought could be critical to your success. Note that every year can make a dramatic difference on your ability to guard against debt and invest.

The old adage holds true: “Failing to plan is planning to fail.” Regardless of your past, I encourage you to harness the love you have for your current or future family and create an action plan with steps to be financially free to support your dreams.

Please share this warning coupled with hope for change through personal action and let me know how I can help. Learn more at: SchutteFinancial.com

Thank you,

Daniel Schutte, MBA

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This award was issued on 10/01/2025 by Five Star Professional (FSP) for the time period 01/01/2025 through 06/02/2025. Fee paid for use of marketing materials. Self-completed questionnaire was used for rating. This rating is not related to the quality of the investment advice and based solely on the disclosed criteria. 2858 Denver-area wealth managers were considered for the award; 217 (8 % of candidates) were named 2025 Five Star Wealth Managers. The following prior year statistics use this format: YEAR: # Considered, # Winners, % of candidates, Issued Date, Research Period. 2024: 2,435, 224, 9%, 10/1/24, 12/12/23 - 7/9/24; 2023: 2,580, 247, 10%, 10/1/23, 12/12/22 - 6/30/23; 2022: 2132, 235, 11%, 10/1/22, 1/17/22 - 7/15/22; 2021: 2158, 206, 10%, 10/1/21, 1/4/21 - 7/30/21; 2020: 2172, 213, 10%, 10/1/20, 1/20/20 - 8/14/20; 2019: 2146, 262, 12%, 10/1/19, 1/21/19 - 8/23/19; 2018: 2255, 267, 12%, 10/1/18, 1/18/18 - 8/21/18; 2017: 1716, 287, 17%, 10/1/17, 1/18/17 - 8/9/17; 2016: 1552, 515, 33%, 9/1/16, 2/23/16 - 8/26/16; 2015: 3008, 517, 17%, 10/1/15, 2/19/15 - 8/17/15; 2014: 4385, 528, 12%, 10/1/14, 2/19/13 - 8/17/13; 2013: 2083, 607, 29%, 10/1/13, 2/19/12 - 8/17/12; 2012: 1965, 611, 31%, 10/1/12, 2/19/11 - 8/17/11.

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No information contained in this message constitutes an offer to sell, or a solicitation of an offer to buy or subscribe for, any interests, shares or other securities to the public and should not be interpreted in any capacity as legal, tax, or investment advice. Awarded independently by Hedgeweek.com, MorganHedge.com and ThreeBestRated.com. Past performance is no guarantee of future results.

Wealth managers do not pay a fee to be considered or placed on the final list of Five Star Wealth Managers. The award is based on 10 objective criteria. Eligibility criteria - required: 1. Credentialed as a registered investment adviser (RIA) or a registered investment adviser representative; 2. Actively licensed as a RIA or as a principal of a registered investment adviser firm for a minimum of 5 years; 3. Favorable regulatory and complaint history review (As defined by FSP, the wealth manager has not; A. Been subject to a regulatory action that resulted in a license being suspended or revoked, or payment of a fine; B. Had more than a total of three settled or pending complaints filed against them and/or a total of five settled, pending, dismissed or denied complaints with any regulatory authority or FSP's consumer complaint process. Unfavorable feedback may have been discovered through a check of complaints registered with a regulatory authority or complaints registered through FSP's consumer complaint process; feedback may not be representative of any one client's experience; C. Individually contributed to a financial settlement of a customer complaint; D. Filed for personal bankruptcy within the past 11 years; E. Been terminated from a financial services firm within the past 11 years; F. Been convicted of a felony); 4. Fulfilled their firm review based on internal standards; 5. Accepting new clients. Evaluation criteria - considered: 6. One-year client retention rate; 7. Five-year client retention rate; 8. Non-institutional discretionary and/or non-discretionary client assets administered; 9. Number of client households served; 10. Education and professional designations. FSP does not evaluate quality of services provided to clients. The award is not indicative of the wealth manager's future performance. Wealth managers may or may not use discretion in their practice and therefore may not manage their clients' assets. The inclusion of a wealth manager on the Five Star Wealth Manager list should not be construed as an endorsement of the wealth manager by FSP or this publication. Working with a Five Star Wealth Manager or any wealth manager is no guarantee as to future investment success, nor is there any guarantee that the selected wealth managers will be awarded this accomplishment by FSP in the future. Visit www.fivestarprofessional.com.