CPA/PFS, ChFC | Financial Advisor at Berger Financial Group, Inc

Minneapolis, Minnesota, United States Contact Info
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About

For more than 25 years, I have been instrumental in providing financial services to clients. I specialize in providing services to individuals age 50 or older who have a goal of preparing for, transitioning to or are already retired. The goal of investing is to ensure financial security later in life, but what do you do once you’ve achieved that financial security? When you work with me, I guide you through the issues that accompany retirement, including withdrawal strategies. I help you make informed decisions about which accounts to withdraw from first by factoring in tax considerations. I also work with you to calculate a sustainable withdrawal rate so you can live comfortably. I expect your life to change, and I continually monitor your financial progress and revise your portfolio as needed. As your retirement partner, you can rely on me for financial advice so that you can focus on life’s other matters, such as family, travel, and charitable causes.

When I’m not helping clients reach their financial goals, I can be found on the lake fishing, on the golf course or at a Minnesota Gopher football game.

Securities offered through David J. Herbeck, a Registered Representative of Cambridge Investment Research, Inc., a Broker/Dealer, Member FINRA/SIPC. Investment Advisor Representative, Cambridge Investment Research Advisors, Inc. Berger Financial Group and Cambridge are not affiliated.

Articles by David

  • Tax Efficiency in Retirement
    Mar 25, 2021

    Tax Efficiency in Retirement

    What role should taxes play in your investment decisions? Provided by David Herbeck Will you pay higher taxes in…

  • How Much Will You Spend When You Retire?
    Dec 23, 2019

    How Much Will You Spend When You Retire?

    Will you have enough money to make ends meet? You may have heard that people spend less once they are retired…

    1 Comment
  • Put it in a Letter
    Oct 24, 2019

    Put it in a Letter

    Express your wishes. Provided by David Herbeck Actor Lee Marvin once said, “As soon as people see my face on a movie…

  • You Could Retire, But Should You?
    Jun 18, 2019

    You Could Retire, But Should You?

    It might be better to wait a bit longer. Provided by David Herbeck, CPA/PFS, ChFC Some people retire at first…

  • Investing Means Tolerating Some Risk
    Apr 1, 2019

    Investing Means Tolerating Some Risk

    That truth must always be recognized. Provided by David Herbeck, CPA/PFS, ChFC When financial markets have a bad day…

  • Investing During Retirement
    Nov 5, 2018

    Investing During Retirement

    By David Herbeck, CPA/PFS, ChFC At retirement, the way you approach investing should be different than when you are…

  • Integrating Tax Strategies and Investments in Retirement
    Jul 19, 2018

    Integrating Tax Strategies and Investments in Retirement

    By David Herbeck According to Morningstar Investment Research, an efficient tax withdrawal strategy can add .54%…

  • Getting (Mentally) Ready to Retire
    Apr 25, 2018

    Getting (Mentally) Ready to Retire

    Even those who have saved millions must prepare for a lifestyle adjustment. Provided by David Herbeck, CPA/PFS, ChFC A…

    1 Comment
  • The Gopher Tail(gate) Update --- A View from the Parking Lot
    Dec 30, 2015

    The Gopher Tail(gate) Update --- A View from the Parking Lot

    Volume 12, Issue 15 December 29, 2015 A Good Way to End the Year For a variety of reasons, it feels good to bid adieu…

  • The Gopher Tail(gate) Update --- A View from the Parking Lot
    Nov 30, 2015

    The Gopher Tail(gate) Update --- A View from the Parking Lot

    Volume 12, Issue 14 November 29, 2015 Badgers Dominate Gophers - Again The regular season ended yesterday with a thud…

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Activity

Experience

  • Berger Financial Group, Inc Graphic

    Financial Advisor

    Berger Financial Group, Inc

    - Present 8 years 1 month

    Plymouth, MN

    For 25 years, I have been instrumental in providing financial services to clients. On January 1, 2017, I joined Berger Financial Group which strengthens my ability to serve clients. Previous to transferring my business to Berger Financial Group, I was the general manager of BPK&Z Financial Services for 18 years.
    I specialize in providing services to individuals age 50 or older who have a goal of preparing for, transitioning to or are already retired. The goal of investing is to ensure…

    For 25 years, I have been instrumental in providing financial services to clients. On January 1, 2017, I joined Berger Financial Group which strengthens my ability to serve clients. Previous to transferring my business to Berger Financial Group, I was the general manager of BPK&Z Financial Services for 18 years.
    I specialize in providing services to individuals age 50 or older who have a goal of preparing for, transitioning to or are already retired. The goal of investing is to ensure financial security later in life, but what do you do once you’ve achieved that financial security?
    When you work with me, I guide you through the issues that accompany retirement, including withdrawal strategies. I help you make informed decisions about which accounts to withdraw from first by factoring in tax considerations. I also work with you to calculate a sustainable withdrawal rate so you can live comfortably. I expect your life to change, and I continually monitor your financial progress and revise your portfolio as needed. As your retirement partner, you can rely on me for financial advice so that you can focus on life’s other matters, such as family, travel, and charitable causes.
    When I’m not helping clients reach their financial goals, I can be found on the lake fishing, on the golf course or at a Minnesota Gopher football game.

  • Board Member

    Northwest Suburban Optimist Club

    - Present 24 years

    Golden Valley MN

    David has served five terms as club president.

  • Instructor

    Retirement Planning Today

    - Present 14 years

    Robbinsdale Community Education

    Learn to manage investment risk, use tax laws to your advantage, make informed decisions about your company retirement plan and adjust your estate plan to function properly under new laws. However, money is only one aspect of retirement planning. This course blends financial education with life planning to help you build wealth, align your money with your values and achieve your retirement lifestyle goals.

  • Financial Advisor

    BPKZ Financial Services

    - 29 years

    Minneapolis, MN

Education

Licenses & Certifications

  • Personal Financial Specialist (PFS) Graphic

    Personal Financial Specialist (PFS)

    AICPA

    Issued

  • ChFC

    American College

    Issued
  • CPA Graphic

    CPA

    AICPA

    Issued

Publications

  • An Act of Love - Preparing Your Spouse for Life Without You

    Beaver's Pond Press, Inc.

    Have you ever wondered what would happen to your spouse if you passed away? Would they be able to find all of the important estate and financial documents required shortly after death? How would they handle organizing your funeral arrangements? How competent would they be handling all of the ongoing financial matters such as investments, insurance and budgeting?

    In many instances, these questions are hard to answer. But they should not be left to chance, and that is why this book is so…

    Have you ever wondered what would happen to your spouse if you passed away? Would they be able to find all of the important estate and financial documents required shortly after death? How would they handle organizing your funeral arrangements? How competent would they be handling all of the ongoing financial matters such as investments, insurance and budgeting?

    In many instances, these questions are hard to answer. But they should not be left to chance, and that is why this book is so important. In an easy-to-understand fashion, David Herbeck lays out the important planning steps needed to ease the burden upon the death of a spouse. You will learn what tasks should be done in the first nine months after a death and how a surviving spouse can make decisions that will help them face new challenges in the future.

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