These are the latest articles from our team.
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.
David John Marotta was awarded the Featured Detective honor on a recent “Dear Holmes” case.
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.
With the grandparents as the owner rather than the parent, the student may have a better chance of receiving financial aid.
What will happen to all the money I have saved for her college expenses now that she doesn’t need it?
The process of correcting cost basis problems, although time consuming, is worthwhile.
Instead of having to nag your spouse to sign paperwork or login online to accomplish these tasks, you can manage all of your family’s finances by setting up a power of attorney.
A reader asks, “As her descendant and agent following the rules as written, it is my understanding that I could gift myself $14,000 each year. But can I really?”
These “strange but true” returns occur more frequently than you might expect.
Each spouse has different spending habits and values different things in life. This can easily lead to bitterness, or at the least, long discussions when the budget is reconciled.
The legal answer to this question is: there is no limit. The practical answer is: it depends on a number of things.
Under the “last-month rule,” you can contribute the full amount even after a partial year assuming you meet the “testing period.”
If you own some mutual funds, chances are you are paying a hefty marketing price.
Prudent investment practice is as much about knowing what not to do as it is about knowing what to do.
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.
Many people are first exposed to investing in grade school through a very simple game. Unfortunately, this game teaches all the wrong lessons.
We are living too long and we don’t have as many children as we used to.
A good investment advisor will tailor the investments to the specific characteristics of the investor’s situation.