Do Children Need To File A Tax Return To Fund Their Roth IRA?
The IRS does not require dependents whose gross income is only earned income to file a tax return if the amount is less than a certain amount.
The IRS does not require dependents whose gross income is only earned income to file a tax return if the amount is less than a certain amount.
Many advisors and most investors don’t really understand the math on how to compute investment returns.
David John Marotta was interviewed on radio’s Schilling Show discussing real estate and its importance in your total net worth.
Our minds are wired to quickly generalize on perceived trends and react to them.
Bear Markets are unpredictable, but there is no reason that they should be a cause of distress.
We have calculated safe withdrawal rates for ages 0 to 100 based on age-appropriate asset allocation mixes.
There are at least five reasons to hold cash. Without a good reason to hold cash, you may be holding too much.
It should be clear that “fee-only” means “fee-only,” not “fees and third-party manager revenue-sharing and trailing mutual fund fees.”
Before the children arrive, squirrel away some money. When the children go out on their own you get one last chance to save for retirement.
The future may be uncertain, but the markets are quite reliable in the long run.
Purchasing investment products in isolation from the larger context of your specific situation is like pushing random buttons on a vending machine in order to provide a Thanksgiving dinner for your family.
Here are nine steps you should take to make it more difficult for criminals and identity thieves to steal your personal information.
Apparently the idea behind asset allocation is more complex than they think.
REITs are one way to get some of the benefit of investing in real estate without as much of the risk.
David M Zolt writes in his article “Industry needs to rid itself of misleading labels” that “profound misrepresentation is just one of the many ways the financial services field misleads customers with language.” It is absolutely true. He explains: Language … Read More
The term “fee-based” was created specifically to confuse consumers.
Very few consumers actually read the SEC filings for the firms they have engaged.
The larger the spread, the more likely you should neither buy nor sell the asset.
Life planning begins as thoughts and ultimately shapes our entire destiny.
Long term investing does not require making quick emotional responses.
Real financial advisors stand between you and the Big Mistake.
To protect yourself from behavioral errors, write down your investment plan.
Having a budget as a boundary for your spending gives you the freedom to work within that boundary, and keeps you on track to save for your goals.
This style of Power of Attorney certainly gets the job done, but there are a few ways that the cookie-cutter POA most frequently fails to meet people’s wishes.
Here are ten principles for teaching children about money.
Most investors think that whenever you buy or sell a security the money is immediately deducted or deposited into your account. This is not true.
If a budget isn’t a team effort, one member of the family will hold the purse strings and everyone else will be resentful.
Too much leverage is risky because it endangers meeting your goals.
Continually curating a list of low cost funds is valuable for long term investors.
Without the burden of federal, state, and local taxes, you could leave your job at 2:27pm every day and earn the same salary.
We don’t normally recommend being on margin, but we recommend having the option in case it is needed.
David John Marotta was recently interviewed on radio 1070 WINA’s Schilling Show, discussing taxation and the burden of government.
Recency bias is perhaps the most difficult natural bias to overcome.
Any legislation which can include FINRA’s commission-based advisors will dilute what it means to be a fiduciary.
“It is always a difficult experience for investors to stay in markets.”
Wash sale rules need to be followed when realizing capital losses for taxes but can be burdensome to track and monitor.
Give your children experience spending their own money.
“Historically there has been a wide variety of returns from US and International stocks, and when one does poorly often another does well.”
Even the most brilliantly crafted investment plan has to be given time to work.
I recently read a foolish article entitled “Call for a National Savings Plan” that assumed we haven’t tried a national savings plan already.
This Schwab checking account provides six impressive services not true for most local banks.
Only give someone who is required to honor your best interest the ability to trade in your account without talking to you.
Index investing seeks to track the return of a portion of the market. The opposite is active management.
David John Marotta was interviewed on radio 1070 WINA’s Schilling Show discussing three big investing mistakes.
A little extra work can ensure that both spouses receive important email notifications from their custodian.
We don’t recommend high yield bonds because they do nothing good for your overall portfolio.
Retirement planning should begin the moment you receive your first paycheck.
An HSA is one of many accounts used in comprehensive wealth management for tax optimization and planning.
David John Marotta was interviewed on the Schilling Show discussing how the markets performed last year and lists 4 mistakes to avoid.
Gold sounds like it should provide a safe haven of your purchasing power much more than it has actually done so.