Update IRA Beneficiary Designations (Schwab)
This form is needed in order to utilize per stirpes or per capita designations in your Schwab retirement account beneficiary designations.
This form is needed in order to utilize per stirpes or per capita designations in your Schwab retirement account beneficiary designations.
Pagans accept Christmas presents. Self-estranged children accept inheritance. Libertarians accept tax credits.
My daughter was employed at her first job, earned her first income, and was able to fund her Roth IRA for the first time.
The class will be held March 19 through April 2, 2020 each Thursday from 11:00 AM to 12:30 PM at Homewood Suites in the Albemarle Room.
For domestic tasks like babysitting there are often two options: independent contractor or household employee. Taking the time to educate yourself on the difference may be worth your while.
We have a large distribution of clients at all portfolio sizes and, surprisingly, have all life stages near equally represented.
It looks like the calculator is simply wrong. It uses a 3% tax rate instead of the 6% tax rate they cite for the Elizabeth Warren’s Tax Plan.
There are several ways that a Roth conversion benefits people regardless of their filing or marriage status.
No matter how small your savings, those small changes have large effects over time.
There are at least seven major mistakes in this advice by Wells Fargo Asset Management.
Your asset allocation matters to maintaining a balance in retirement of having money for the next 5 to 7 years and keeping up with inflation for time periods of 8 years or longer.
Understanding the most powerful sales techniques doesn’t change the fact that they tend to work.
We are very pleased to announce that Elizabeth Woodrum is our newest CERTIFIED FINANCIAL PLANNER™ (CFP®) professional at Marotta Wealth Management!
Don’t be cynical. Get serious.
Be sure to remember to tell your tax preparer that you did a QCD.
There are many opportunities to pay your children. If that payment can be counted as earned income, then the child is eligible to fund their Roth IRA.
This is intended to be a brief overview of what you should do once you realize you are overseeing an estate.
The required IRA distribution in the year the account owner dies is called a Year of Death RMD.
Taking these few extra steps can maximize your gift’s benefit to both you and the recipient.
Federal AGIs between $75,000 and $99,000 of couples over age 65 begin to lose this age-based special treatment and lose the tax savings they had at lower income levels.
We recommend that you fund your Health Savings Account (HSA) to the maximum limit each year and that you keep funding it to the maximum as long as you can no matter how much money you have in the account.
These are two simple but effective strategies to help calculate a very good conversion target for this year.
We believe that lessons like these are part of the fiduciary standard.
The best way to ensure that you save and invest is to automate the process.
Teresa Ghilarducci is just wrong here. There is no qualification that can make Ghilarducci more right.
Predicting future inflation is difficult at best.
Although this 1040 looks smaller, it is not an upgrade for anyone except for the IRS.
You should work with a personalized financial planner, not an impersonal investment manager.
It was our article which first suggested this six year ago.
At best, it is a crutch holding you up. At worst, it is a ball and chain holding you down.
Our firm has become known for our method of computing maximum safe withdrawal rates in retirement. Our safe withdrawal rates are based on having what we believe to be optimum asset allocation targets.
Luckily for Roth lovers like us, you don’t have to choose between Roth conversions or Roth contributions.
“A conventional wisdom withdrawal strategy will almost always leave a lot of money on the table.”
On March 13, 2018, David John Marotta appeared on Radio 1070 WINA’s Schilling Show to discuss finding a life you love. Also in this show: what David Marotta thinks about his own life calling and a discussion of healthcare and insurance in retirement.
Private property, free markets, and protection from aggression solve a lot of problems.
It looks like something from this proposal will become law. Right now, the bill is in committee where the differences are being resolved.
InvestmentNews advocates lying to clients, but I think if your advisor doesn’t have integrity, you can stop there and find a new advisor.
None of these services makes up for the fact that your sensitive information has been accessed. And after this breach you should assume that every scam artist has all of your information.
Equifax admitted recently that hackers gained access to the sensitive identify and financial information in their database for 143 million people (44% of the U.S. population).
One of the problems with government reporting regulations is that personal information is made widely available for abuse.
I have learned there are so many more wise plans than just “top of the bracket” conversions.
Elizabeth Brew is a financial analyst, specializing in Social Security, safe withdrawal rates, and cash flow analysis; a portfolio manager who rebalances portfolios as well as trades in response to client cash flow needs; and a wealth manager to a … Read More
The legal answer to this question is: there is no limit. The practical answer is: it depends on a number of things.
Under one theory, changes in GDP or the rate of GDP growth precede and could cause stock markets to react and move in response. This is usually not the case.
Funeral expenses are often a family’s fourth largest expense.
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.
Here are nine steps you should take to make it more difficult for criminals and identity thieves to steal your personal information.
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.
If you don’t have retirement savings in Roth IRAs, it’s time you considered their benefits. Assets in traditional IRAs can be rolled into Roth IRAs without a withdrawal penalty.
At Marotta Wealth Managment, we offer a personalized retirement analysis.