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Gabe Groothuis

Advisor Image
Gabe Groothuis
Financial Advisor
.
Part of the Midwest Group practice
622 Progress Ave
Waterloo, IA 50701
About Gabe Groothuis
About Gabe Groothuis

I was born and raised here in Eastern Iowa. Growing up, I worked various odd jobs, started some of my own ventures, and always enjoyed helping people find unique solutions to their problems. I graduated from the University of Northern Iowa with a double major and minor in business.


Throughout college, I was involved with the John Papa-john Entrepreneurial Center, UNI Outdoors, and UNI Intramural sports.

After graduating, I knew I wanted to stay here in the Cedar Valley, and I accepted an offer to work here at Thrivent. In the spring of 2022, I married my best friend Leyla, and we have been blessed to put roots down here in Iowa.


I enjoy working with our team to provide the best care possible to professionals, families, and business owners as they dream, plan, and work to achieve their goals.


Outside of Thrivent, I can be found working on a rental property, enjoying any kind of outdoor activity, and serving at my local church Bethany Bible chapel.


If you made it this far I respect your commitment and follow-through!


My qualifications
  • Bachelors of Marketing, MARKETING & MANAGEMENT | UNIVERSITY OF NORTHERN
  • Series 7 - General Securities Representative
  • Securities Industry Essentials
My state licenses
  • Florida
  • Iowa
  • Kansas
  • Michigan
  • Minnesota
  • Missouri
  • New Mexico
  • Ohio
  • Texas
  • Utah
  • Washington
  • Wisconsin

Insights

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Some recent research has suggested that in certain markets in the US housing values have decliend between 6-12% in the last 3 months. If you pulled up Zillow right now and saw your home value was down 8% would you sell your house and move to cash as fast as possible? #Homes #Realestate #Sales
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Attention Iowa Private School and Home School Families! This is a 529 update!! Did you know that in some states private school and home school tuition expenses are eligible to be withdrawn from a 529 account? As an example, in the state of Iowa, a tax deduction is available for Iowa residents. Currently, the deduction is a maximum $3,522 per beneficiary per donor per year. We often think of the 529 as just a college savings plan. However, there are other potential qualified uses. Currently, funds can be withdrawn for any of the qualified educational expenses listed below. • College education expenses (including books and other expenses) • Tuition for private education in the state of Iowa • Tuition for co-op or homeschool assistance programs The funds in a 529 plan are earmarked to cover future educational expenses. The use of a 529 plan toward non-college expenses could be a tax efficient strategy for you, depending upon your family’s situation. Hypothetically, a two-parent family with 3 children could deduct up to $21,132 from their income for state tax purposes. Should you have more questions on how this provision within a 529 plan may apply to you and your family, I'd love to chat with you! Please call 319-232-2171. As a bonus, remember to ask how a non-qualified account (after tax dollars) can be used and leveraged alongside a 529 plan. #Planning #Education #IowaTaxes Offered through a brokerage arrangement with Thrivent Investment Management Inc. 529 college savings plans are not guaranteed or insured by the FDIC and may lose value. Consider the investment objectives, risks, charges, and expenses associated before investing. Read the issuers official statement carefully for additional information before investing. Investigate possible state tax benefits that may be available based on the state sponsor of the plan, the residency of the account owner, and the account beneficiary. Consult with a tax professional to analyze all tax implications prior to investing. Thrivent and its financial advisors and professionals do not provide legal, accounting or tax advice. Consult your attorney or tax professional. The hypothetical example provided is for illustrative purposes and may not be representative of actual results. Tax laws are subject to change. See thrivent.com/social for additional information See collegesavingsiowa.com for sources
Here's a list of the top 10 resources I would recommend for trying to predict what the S&P will do in 6 months. 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. What am I missing? #Longtermthinking #Staythecourse #Speculation
Office location
Waterloo Location
622 Progress Ave
Waterloo, IA 50701
Phone319-210-4655Hours
M – F: 9 a.m. – 5 p.m.
Licensing is available through your State Insurance Department’s website, which can be located through the National Association of Insurance Commissioners website.

Thrivent and its financial advisors and professionals do not provide legal, accounting or tax advice. Consult your attorney or tax professional.

Thrivent financial advisors and professionals have general knowledge of the Social Security tenets. For complete details on your situation, contact the Social Security Administration.

Thrivent provides advice and guidance through its Financial Planning Framework that generally includes a review and analysis of a client’s financial situation. A client may choose to further their planning engagement with Thrivent through its Dedicated Planning Services (an investment advisory service) that results in written recommendations for a fee.

Designations
For additional information on professional designations and the requirements to earn them, visit https://www.thrivent.com/designations