Luke McElhenie, AAMS, Financial Advisor Triumph Wealth Management

Luke McElhenie, AAMS, Financial Advisor Triumph Wealth Management Luke focuses on offering financial strategies to individuals and families. Preparing for the next step in life isn’t always easy. Chicago, IL 60606.

I am prepared to assist clients with their financial plans and help them meet their long-term financial goals. I work closely with my clients and can also work with you. I will help you:
• Define your personal financial goals
• Develop a financial strategy that can help you achieve these goals
• Suggest suitable products and solutions based on your own tolerance for risk and your time-frame
• Impl

ement your strategy with products and services that help meet your needs

I am licensed to sell securities in WI, IL, FL, CA and Insurance in WI, IL. I am a registered representative of and offer securities and investment advisory services through MML Investors Services, LLC, Member SIPC (www.sipc.org). Supervisory address: 30 S Wacker Dr. Suite 2700.

02/03/2025

Making money is the easy part.

But keeping it?

That’s where most people screw up.

I’ve seen it over and over again.

People who spent their entire careers grinding, building wealth, and doing everything “right”…

Only to make costly mistakes in retirement that wipe out years of hard work.

→ Paying way more in taxes than necessary.
→ Burning through cash too fast.
→ Thinking they don’t need a real strategy anymore.

The truth?

Retirement isn’t just about having money. It’s about knowing how to use it, protect it, and make it last.

I put together a report on some of the biggest mistakes people make after they stop working.

Mistakes that can turn a dream retirement into a financial mess.

Want to make sure you’re not one of them?

DM me over your email address, and I’ll send it over.

Because the last thing you want is to look back and realize you could have done things differently.

01/21/2025

One of the best types of accounts you should have?

A taxable account.

Yeah, I said it.

I know everyone loves to talk about tax-advantaged accounts like:

→401(k)
→ IRA
→Roth IRAs

And for good reason.

Those accounts are powerful for long-term savings.

But here’s the thing:

A taxable account gives you flexibility that those other accounts can’t.

Here’s why you should consider one:

1️No contribution limits.

Unlike a 401(k) or IRA, there’s no cap on how much you can invest in a taxable account. If you’re earning more and want to invest beyond what those accounts allow, a taxable account lets you do that.

2️No withdrawal restrictions.

You don’t have to wait until you’re 59 ½ or worry about penalties. Your money is accessible when you need it. Whether that’s for another investment opportunity, a vacation, or an unexpected expense.

3️Tax benefits on long-term gains.

Hold your investments for over a year, and you’ll benefit from lower long-term capital gains tax rates. Plus, you can strategically harvest losses to offset gains and reduce your tax bill further.

A taxable account isn’t just a backup plan.

It’s a core part of a balanced financial strategy.

Bottom line is if you’re only investing in tax-advantaged accounts, you might be missing out on the flexibility and growth a taxable account can offer.

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Securities and investment advisory services offered through qualified registered representatives of MML Investors Services, LLC. Member SIPC. SIPC - Securities Investor Protection Corporation 900 E 96th St Ste 300, Indianapolis, IN 46240 (317) 469-9999. CRN202801-7830138

01/14/2025

I believe most people are investing wrong.

Not because they’re picking the wrong stocks or funds.

But because they’re putting them in the wrong places.

That’s the difference between asset allocation and asset location.

→ Asset allocation is about what you invest in (stocks, bonds, etc.).
→ Asset location is about where you hold those investments (taxable accounts, IRAs, 401(k)s).

Here’s the thing:

It’s not just what you invest in that matters—it’s where.

If you’re not thinking about asset location, you could be throwing away thousands of dollars to taxes every year.

Here’s how it works:

→ Individual stocks or etf index funds? Better for taxable accounts because of potential lower capital gains taxes and not actively managed.

→ Bonds (except municipals) or income-generating assets? Keep them in tax-advantaged accounts like IRAs or 401(k)s to avoid getting hit with higher taxes on income.

→ High growth assets with long-term tax-free growth? Put them in a Roth IRA to maximize that benefit.

A client came to me recently with a solid portfolio.

Good diversification. But after reviewing their asset location, we realized they were losing significant money to taxes unnecessarily.

By simply repositioning where their investments were held, we set them up to save thousands in taxes over the next decade.

No change in their investments, just smarter placement.

So let me ask you:

Are your investments in the right places, or are you leaving money on the table?

If you’re not sure, let’s fix that.

Contact me, and let’s make sure your portfolio is optimized for this year and beyond.
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Securities and investment advisory services offered through qualified registered representatives of MML Investors Services, LLC. Member SIPC. SIPC - Securities Investor Protection Corporation 900 E 96th St Ste 300, Indianapolis, IN 46240 (317) 469-9999. CRN202801-7830138.

09/18/2024

Nathan and team Triumph would like to introduce you to Luke McElhenie, our newest advisor.

To all the amazing moms in our lives – happy Mother's Day!
05/12/2024

To all the amazing moms in our lives – happy Mother's Day!

Happy Cinco de Mayo! May your day be festive and fun.
05/05/2024

Happy Cinco de Mayo! May your day be festive and fun.

Wishing you and yours a very happy Easter!
03/31/2024

Wishing you and yours a very happy Easter!

Happy St. Patrick’s Day! Best wishes for good luck and prosperity today and every day.
03/17/2024

Happy St. Patrick’s Day! Best wishes for good luck and prosperity today and every day.

This Presidents' Day, we salute our nation's leaders – both past and present.
02/19/2024

This Presidents' Day, we salute our nation's leaders – both past and present.

This month and always, we recognize and honor the accomplishments of Black Americans throughout history.
02/01/2024

This month and always, we recognize and honor the accomplishments of Black Americans throughout history.

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525 Junction Rd, Suite 8100 N
Madison, WI
53717

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