Retirement Planning

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

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.

By discounting portfolio returns to only real returns, we have already considered inflation in the planning targets.

On Tuesday, January 10, 2023, David John Marotta appeared on Radio 1070 WINA’s Schilling Show with Rob Schilling to talk about how long we should plan on living in retirement projections.

The class will be held April 13 through May 4, 2023 each Thursday from noon to 1:00 PM on Zoom.

Which is worse: Being destitute while still alive or dying happy and provided for with a little extra?

A savings waterfall is a tool to help investors prioritize savings goals and allocate funds appropriately.

If you have received a projection from your company which included a lump sum offer that you were interested in taking, you may want to analyze it again.

Saving for long-term care, if done early enough, is not too expensive and helps to protect yourself from this potential financial shock.

We are very thankful that Genworth has released this information freely for everyone to use.

The class will be held March 10 through March 31, 2022 each Thursday from noon to 1:30 PM on Zoom.

In this podcast, I discuss my recent article “Account Funding Priorities for 2022” and describe a savings waterfall for 2022. The idea is when new money flows your way, which one of these buckets is it going to land in?

Hard work can often only be learned by struggling. You can’t teach your children to live within their means if you always supplement their means.

Which account you should fund depends on your circumstances. However, there are some general guidelines you can follow to make your decision.

Yes, many retirees may die with significant assets. However, this helps to ensure that they have sufficient assets to support their lifestyle should they make it to age 100.

There are several distribution rules that make Roth IRAs great savings tools for early retirees.

The cost of a second home is large. Large enough that it can ruin your retirement plan.

Which account you should fund depends on your circumstances. However, there are some general guidelines you can follow to make your decision.

I’m turning 60 this week. Even though I plan on working as long as possible, this is an important check point.

No matter how small your savings or when you start accumulating them, those small changes have large effects over time.

If you save this target, your assets have a better chance of seeing you all the way to the end.

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.

No matter how small your savings, those small changes have large effects over time.

Continuing to work for five more years could increase your retirement standard of living by as much as 50%.

“After all this savings, I have about $3,000 per month left to save somewhere. Where should I save it?”

There are at least seven major mistakes in this advice by Wells Fargo Asset Management.

In 2004, David Marotta wrote a seven part series originally titled “Retirement Wisdom.” The series explained the the seven principles to reaching your retirement goals.

Anything which is not contributing toward your financial independence should be considered part of your lifestyle spending.

The FIRE (Financial Independence, Retire Early) movement is a suggestion that you should have the goal of achieving financial independence and retiring while you are young.

It is hard to prioritize saving, but it pays off. Here is how.

On Tuesday, April 9, 2018, David John Marotta appeared on Radio 1070 WINA’s Schilling Show to discuss how to achieve success and significance in retirement by both adequately savings for retirement and finding fulfillment during that period of your life.

If you have to choose between your retirement or your children’s college savings, choose your retirement.

It was our article which first suggested this six year ago.

Most of the assets you use to fund your retirement will come from compounded growth.

A fee-only financial advisor can provide the decades of support and encouragement to make financial planning, effective life planning.

For many investors, a fee-only advisor pays for themselves in reduced expenses alone.

Risk is about understanding your own greed, fear and pride.

Sometimes the change can be in a direction you did not expect.

Every pay period, pay yourself first. You won’t miss what you don’t see.

Failure to plan for retirement is the primary reason why retirement plans fail.

Retirement doesn’t give you a second chance. Measure twice and retire once.

Find out today how much you should be saving and investing this month! If you think a $1 million dollar portfolio is overkill, you haven’t really run the numbers.

Even though you are required to start taking RMDs you can still take advantage of significant tax planning strategies.

The rules for post-70 ½ IRA contributions depend upon whether the account is a traditional IRA, Roth IRA or SEP IRA.

SEP plans offer a powerful way to provide for your own retirement in the same way that 401ks do.

Retirement planning should begin the moment you receive your first paycheck.

“In 34 years as a financial advisor, he has seen many people flunk retirement, but investment performance has never been the cause.”

David John Marotta was interviewed on radio 1070 WINA discussing which retirement accounts you should fund for the best tax outcomes.

Which account you should fund depends on your circumstances, but here are some general guidelines you can follow to make your decision.

Most tax professionals don’t think of such tax planning opportunities, because they have to focus on complying with tax accounting regulations.