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After over a decade of broken promises and rising costs, our need for a more sustainable tax system is acutely felt.

While we still cannot call the end of the Bear Market from this performance, today’s returns strongly suggest that 15 months ago, October 12, 2022 was the end of this bear market.

A savings waterfall helps investors navigate the financial complexity available to them.

While an excess or failed backdoor Roth can feel very stressful to solve, it is a normal and quick fix for your qualified financial custodian.

Seniors over age 65 may receive relief on their real estate taxes limited by AGI but regardless of net worth.

The IRS authors make clear that the purpose of the notice is to “provide guidance on discreet issues to assist in commencing implementation of these provisions” not to provide comprehensive guidance.

This 2008 article is an uplifting, timeless sermon.

After over a decade of broken promises and rising costs, our need for a more sustainable healthcare system is acutely felt.

The Tax Foundation recently published the article “Dwindling Savings and Increasing Financial Stress Highlights Need for Tax Reforms” suggesting that tax reform could improve the current state of American personal finances.

Required minimum distributions are taxed as taxable income, the same as other types of traditional IRA withdrawals and Roth conversions.

While the initial details sound promising, the downsides are many.

Taxes related to traditional IRA withdrawals only happen once. Meanwhile, the funds in your taxable account are subjected to taxation each year.

There is an artistry to a bond allocation, and while historical analysis can only be suggestive, it does tell a strong narrative.

You can have an effectively uncapped state tax deduction if you have a high tolerance for paperwork.

Here is a reference chart with 2024 income tax rates, capital gains rates, retirement contribution limits, and more.

If closing an account at Schwab is in line with your goals, take comfort in knowing that you are able to close your accounts at Schwab without losing access to your important documents.

This lie was PolitiFact’s 2013 lie of the year, but we dub it the lie of the century.

Twelve-month inflation for all items ending in September 2023 has been 4.1%, so the 2024 contribution limits increased significantly but less than last year.

While most states do not have their own estate or inheritance taxes, some states do and often their exemption is lower than the federal one.

The fact that markets are down isn’t a good reason by itself to fire your advisor, but there are reasons to switch financial advisors related to performance.

It sounds broad and easy to use, but it is actually very specific and uncommon.

Many people don’t understand how fixed income is priced, so let me take you through the math.

Now that these accounts are open at Charles Schwab, Marotta Wealth Management can manage and invest Health Savings Brokerage Accounts.

For babies born in 2023, here are the amounts that should be saved starting at birth to cover four years of college expenses at age 18.

This quarter, we saw that in 1-year returns ending September 30, 2023, Developed Freedom Investing had a -4.77% disadvantage, Emerging Market Freedom Investing had a +3.89% advantage, and Overall Freedom Investing had a -1.63% disadvantage.

Return reporting can create either darker or rosier pictures depending on the dates selected.

We are very pleased to announce that Jacob Massanopoli is our newest CERTIFIED FINANCIAL PLANNER™ (CFP®) professional at Marotta Wealth Management!

My grandfather turns 97 this year. While not often celebrated or recorded in history, my grandfather played an important supporting role to many important events.

Within employer-sponsored retirement plans, there are special provisions for employees (not owners) who continue to work beyond their typical required beginning date.

This new rule says that the account owner can distribute funds from a 529 plan directly to the designated beneficiary’s Roth IRA and have the rollover “be treated in the same manner as the earnings and contributions of a Roth IRA” (meaning no taxation).

This series of articles covers some of the most common investing mistakes and how to avoid them.

We are very pleased to announce that Greg Vairo is our newest CERTIFIED FINANCIAL PLANNER™ (CFP®) professional at Marotta Wealth Management!

There are strategies to achieve a better inner calm.

We can receive documents to our secure ShareFile client portal.

“And the now-20-year-old beneficiary who lost her father less than a year ago is supposed to navigate this mess on her own? No chance. This is madness.”

Congress decided to inflation-adjust both the existing and the new split-entity qualified charitable distribution limitations.

Once you’ve open an HSA and have started making contributions, it is important that you set beneficiary designations on the account.

Next time you are wondering if you should invest now or “wait for a better time,” remember Schwab’s study and invest now in whatever way makes you invest now.

Here is a reference chart with 2023 income tax rates, capital gains rates, retirement contribution limits, and more.

The IRS has very limited case law on what constitutes a substantially different fund. However, here is what we do in our own trading.

Calculating the fair market value of property varies in difficulty depending on the type of property and the date of death.

Some investable assets in the name of the child can currently keep $2,300 of unearned income from the tax rate of the parents.

If you’re thinking about buying an I Bond, make sure it fits properly into your financial plan, and you aren’t just chasing the high interest rate.

If you receive Social Security benefits, the portion of those benefits which will be taxable depends on your income. The taxable portion can be anywhere from 0% to a maximum of 85% of your benefits.

If you have this fringe employer or former employer benefit, I hope you are able to take advantage of making small Roth IRA contributions throughout your retirement.

If your miss your initial enrollment eligibility window, then your premiums are hit with a late enrollment penalty.

ABLE accounts offer people with disabilities a new opportunity to save and invest for the future.

If you are still in your 60s, the good news is your decision doesn’t have to be permanent. You actually have two ways in which you can change your benefit amount.

Interestingly, being a fiduciary though is not a job description as much as it is descriptive of the kind of job that you do.

You can make an “app” (really a shortcut) on your mobile device so you can quickly access all the resources on Marotta on Money. It takes less than a minute.