How to Transfer Your Economic Impact Payment Card Into Your Bank Account
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It took me one hour to complete from start to finish. Hopefully, now that I have bumbled my way through it on my own and documented the steps, it takes you less time.

#TBT The Delirious Happiness of Free Market Choice
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This 2015 article details one of the most brilliant breakthroughs in all of food science and how it relates to almost every aspect of life.

Do Children Need To File A Tax Return To Fund Their Roth IRA? (2020)
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Don’t let stress about tax filing requirements keep you or your child from a powerful opportunity to provide for their future.

Yet Another Chance to Redistribute Your 2020 RMD
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Hopefully, this extension helps some take advantage of this welcome relief.

Energy Stocks Have Been Disappointing Recently (April 2020)
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Diversification means always having something to complain about. Recently, it has been energy.

This May 2020, Our Dynamic Tilt Tilted Away from Energy
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For many whose Energy sector has experienced large losses, lowering your sector allocation might effectively mean holding onto the shares that you currently own without adding more.

Q&A: How Do I Calculate My Withdrawal Rate for My Stability Allocation?
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Each of us either has a withdrawal rate or a savings rate, as we are each either contributing to or withdrawing from our invested accounts.

Q&A: Can You Fund a Roth IRA After Filing Your Taxes?
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You always have until the tax filing deadline to make your IRA contributions regardless of when you file.

Q&A: Can I Undo My Roth Conversion? (2020)
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Unfortunately, as part of the Tax Cuts and Jobs Act back in December 2017, Congress eliminated the ability to undo Roth conversions, so there isn’t a way to undo a conversion.

How to Use a Coronavirus-Related Distribution to Reverse Your RMD (2020)
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In this way, those with inherited IRA distributions they would like to reverse or those with distributions no longer eligible for regular 60-day rollover contributions may be able to still complete either a Roth conversion or IRA redistribution with those assets.

This 2020, The IRA Contribution Deadline Isn’t Until July
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Because the due date for filing Federal income tax returns has been postponed to July 15, the deadline for making contributions to your IRA for 2019 is also extended to July 15, 2020.

#TBT When Partial-Year HSA Contribution Limits Don’t Apply
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If you have recently lost your health insurance or recently signed up for a new one, you may want to watch out for these rules.

Remembering The 2008 Crash as a Financial Planner
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Sometimes, you don’t get a second chance to be brave.

Remembering The 2008 Crash as an Investor
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I knew the market was going down, but I accidentally took Bogle’s advice and didn’t peek at my own accounts.

How to Calculate Your Roth Contribution Phase-Out and What To Do With It
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What can you do when you are in the middle of the Roth IRA contribution phaseout range?

#TBT Safety Second
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In 2013, we went whitewater rafting on the American River in California. Our guide’s speech inspired this powerful thought piece about disaster recovery that has a message for today.

Should The Welfare Hypocrisy Critique Keep Me From My Tax Credit?
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Pagans accept Christmas presents. Self-estranged children accept inheritance. Libertarians accept tax credits.

Q&A: Should I Contribute to My Roth 401(k) During a Bear Market?
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Nothing changes during a Bear Market when it comes to where you should save and invest.

How to Use Your 401(k) to Convert Only Your IRA’s Nondeductible Basis to Roth
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If you have an accepting employer plan, you could consider rolling the pre-tax funds into your 401(k) this year while converting your nondeductible basis cleanly to a Roth IRA.

The RMD Waiver in the CARE Act of 2020 is a Repeat of 2009 Legislation
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Hopefully, this bit of tax history gives seniors and heirs a bit of comfort in taking advantage of this welcome relief.

How a Stability Allocation Helps During a Bear Market (and What To Do If You Forgot One)
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While the appreciation allocation helps you achieve your financial goals, introducing a stability allocation into your portfolio can prevent your portfolio from running out of money.

Q&A: Do I Need to File Schedule H for My Child’s Wages?
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I do not need to file Schedule H and imagine that most parent household employers also do not need to file this schedule.

CARES Act Creates a $300 Charitable Contribution Deduction for the Standard Deduction
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Congress enabled those who are taking the standard deduction to deduct $300 of charitable giving if they do not itemize.

If You Act Fast, You Can Undo Your 2020 RMD Thanks to the CARES Act
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Among the temporary measures, Congress waived required minimum distribution (RMD) requirements for only tax year 2020.

Funding a 3-Year-Old’s Roth IRA
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My daughter was employed at her first job, earned her first income, and was able to fund her Roth IRA for the first time.

Roth Conversions are More Valuable During Bear Markets
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Convert something today. Convert because the markets are down, or maybe convert just because you likely won’t regret it in 30 years when the markets will likely be up a lot more than they are now.

Bear Markets Look Worse on Schwab.com
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Now that we are in the midst of a bear market, investment returns are down 20% or more and Schwab’s personal value chart makes it look even worse.

Markets are Down? Time to Rebalance!
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During a down market like this one, now is your chance both to harvest capital losses as they occur and rebalance your portfolio.

Radio: Financial Peace in Days of Volatility
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As the stock market trends upward, this dip in market prices can be perceived as stocks being discounted and is likely a great time to buy low.

Five Beneficiary Ideas Other Than Family
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When family inheriting is not an option or you are not all that close with your relatives, sometimes it can be trickier to decide where to leave your estate.

Q&A: Do I Need to Pay Tax on This 1099-R?
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The given numbers on a 1099-R are insufficient to be able to fill out your tax return correctly. Knowledge of what was actually done is required in order to file your taxes accurately.

Q&A: Should I Pull Out of the Stock Market Now?
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The fact that you are worried enough to ask might mean that now is a good chance to take stock in your investment strategy.

Q&A: Who Pays Taxes and Penalties on 529 Distributions and How?
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Who will be responsible to pay for the taxes related to the distribution? Where do you report the taxable portion on your tax return?

Q&A: What is a Diversified Alternative to an Individual Bond Ladder?
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A stability allocation has two purposes: to meet withdrawal needs and to move the portfolio more conservative (less risky) by dampening the volatility of stock returns.

Financial Planning for Success and Significance in Retirement (LIFE007)
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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.

How to Acquire Prepaid Schwab Cashiering Envelopes
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Unfortunately, you must order cashiering envelopes directly from a Schwab agent. Here’s how you do it.

Marotta’s 2020 Gone-Fishing Portfolio Calculators for Schwab, Fidelity, eTrade, and TD Ameritrade
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In 2019, several custodians switched to have no transaction fees for exchange-traded funds (ETFs).

How to Fund Your Roth with Babysitting Money
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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.

#TBT Both Spouses Can Make The HSA Catch-Up Contribution
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The IRS is clear, “If both spouses are 55 or older and not enrolled in Medicare, each spouse’s contribution limit is increased by the additional contribution. Each spouse must make the additional contribution to his or her own HSA.”

Q&A: How Often Do You Communicate with Clients?
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We adapt to the needs of our clients. However, absent other instruction, we do have a few intentions.

Q&A: Can I Do a Backdoor Roth and a Reverse Rollover to a 401(k) In the Same Year?
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This person has an IRA balance, but is about to empty it with a reverse Rollover. So the question is one of timing: can they do the IRA Rollover before the nondeductible contribution so that their cream and coffee never mix?

Radio: Celebrating The 50th Anniversary Of Financial Planning As A Profession
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To celebrate, David John Marotta and Courtney Fraser made guest appearances on a three different radio stations.

Lessons from Medicine: Expense is Harm
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If you weren’t spending your money on useless treatment, you could enrich your life in other ways, retire earlier, or be richer.

#BestOf2019 – Fund Your Child’s Roth with Chore Income
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One of the only articles on the Internet that clearly answers the question Can you fund your Roth with chore income? It’s just an added bonus for its readers that the answer is Yes.

Q&A: How Do You Address Issues Outside Your Area of Expertise?
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We see ourselves as your primary care provider for finances and strive to become experts in every specialty that you need while accompanying you on any referral to another firm we need to make.

Help! I Inherited a Nondeductible Basis!
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If you inherit a traditional IRA from a person who had a basis in the IRA because of nondeductible contributions, that basis remains with the IRA assets as they come into your ownership.

Lessons from Medicine: Reporting Can Lie
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There is an incentive to lie when your methodology is bad.

Q&A: What is Your Client’s Average Portfolio Size and Life Stage?
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We have a large distribution of clients at all portfolio sizes and, surprisingly, have all life stages near equally represented.

#BestOf2019 – How to Do Everything at Schwab
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Four separate Schwab Tutorials made the top ten articles of 2019 with nearly 12K views each. Perhaps one day Schwab will write their own tutorials, but until then, I’m glad we can help so many people.

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