Helpful Chart Shows Why You Should Diversify Globally
with No Comments

We continue to believe that diversification among many different countries provides a more consistent return than investing entirely in the United States.

Q&A: How Does the SECURE Act Change QCDs?
with No Comments

“I will be turning 70 1/2 and wanted to start making contributions to charity from an IRA and taking the QCD at that time. Would this bill require me to wait two more tax years, until I am 72, to do this?”

The 30-Year Value of a Single Roth Conversion
with No Comments

Thirty years of interest, dividends, and capital gains tax is a significant savings.

How to Confirm a Schwab Bank Check You Wrote Was Cashed
with No Comments

What ever happened to that check? Here’s how to find out if it a Schwab check you wrote has been cashed by the recipient.

IRA Reform on Horizon – SECURE Act of 2019
with No Comments

On May 23, 2019, the House passed the Setting Every Community Up for Retirement Enhancement Act of 2019 with a vote of 417 Yeas and 3 Nays. It is on its way to the Senate.

How to See Your Schwab RMD Online
with No Comments

For those who are doing it themselves, this page can help you satisfy this important IRS requirement.

#TBT Roth Conversion: Take Your Required Minimum Distribution Out First
with No Comments

With a thorough understanding of the IRS rules, performing a Roth Conversion even after your so-called Required Beginning Date (RBD) can be both easy and profitable. This 2016 article teaches how.

The Full Complexity of All Required Minimum Distribution Divisors Explained
with No Comments

Most divisors are looked up in tables based on your age. Others are calculated based on last year’s divisor. Some particularly unfortunate cases have distribution deadlines rather than divisors at all.

How to Inherit an IRA When a Trust is the Beneficiary
with No Comments

Oddly enough, how a trust inherits an IRA is as important as what it does with the IRA after receiving it.

How to Use Schwab Bill Pay
with No Comments

Many of us are anxious about paying our bills on time, but using payment aids like Schwab Bill Pay can help alleviate some of that anxiety.

The Complete Guide to Homeschooling Laws in Virginia
with No Comments

I must say that homeschooling was by far my best education experience.

#TBT How to Keep Your Identity Safe Online
with No Comments

This 2015 article has five rules for safely handling your digital security which you can’t afford not to implement.

When Should I Worry About Performance?
with No Comments

Some performance is cause for concern. Other times, you need not worry. Here are 5 times you should not worry and 4 cases when you should.

How QCDs May Help Your Virginia State Taxes
with No Comments

“If you claimed the standard deduction on your federal income tax return, you must also claim the standard deduction on your Virginia return.”

No One Tells the IRS You Did a QCD Except You
with No Comments

Be sure to remember to tell your tax preparer that you did a QCD.

#TBT How to Pay Off Student Loans While Building Wealth
with No Comments

With many of us saddled in student loan debt well into our late thirties, our retirement cannot wait for us to be debt free. This 2016 rewrite of a 2007 article teaches you how to get started with savings while repaying your loans.

Older than 59? Get your Roth out of your 401(k) now!
with No Comments

Anyone who has to take RMDs from their employer sponsored retirement plan, sadly, has to take RMDs from all components of the plan, even Roth deferrals!

Q&A: How Do I Calculate My RMD from a Complicated 401(k)-to-IRA Rollover?
with No Comments

Among the most complicated and frustrating IRA rules are required minimum distributions (RMDs). This case is a classic example.

Q&A: Moving Across State Lines With a Tenants by the Entirety Account
with No Comments

“I’m moving to a state which does not recognize Tenants by the Entirety. What do I need to do?”

Both Spouses Can Make The HSA Catch-Up Contribution
with No Comments

Knowing how much you can contribute to your HSA can be a bit confusing when it comes to family health insurance plans. The insurance covers everyone on the plan, but Health Savings Accounts (HSAs) are individually owned. All the individuals … Read More

Q&A: Can I Amend My Estate Plan by Hand?
with No Comments

When it comes to legal, if your attorney is allowed to make the edit, you are allowed to make the edit.

Fund Your Child’s Roth with Chore Income
with No Comments

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.

Radio: Success and Significance in Retirement
with No Comments

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.

Cloth Diapers: A Lesson in Investing
with No Comments

This isn’t the kind of article you think it is. My daughter wore disposable diapers.

Q&A: Can I do backdoor Roth and an IRA Rollover in the same year?
with No Comments

This person has no IRA balance, but is about to get one with an IRA Rollover. So the question is one of timing: can they do the IRA Rollover after the nondeductible contribution has already been converted so that their cream and coffee never mix?

Getting Started as an Executor
with No Comments

This is intended to be a brief overview of what you should do once you realize you are overseeing an estate.

Contribute As Much As You Can to a 457 Plan
with No Comments

If your employer offers a 457 plan, consider taking advantage of the ability to shelter more money each year from taxes in a Roth account.

Radio: Checklist for Reviewing Your Tax Return
with No Comments

On Tuesday, March 12, 2019, David John Marotta appeared on Radio 1070 WINA’s Schilling Show to discuss how to do your own tax review.

Q&A: Can I turn my real estate income into a REIT to get the QBI deduction?
with No Comments

You are allowed to deduct “up to 20 percent of their combined qualified real estate investment trust (REIT) dividends,” and this deduction is unlimited. So it begs the question: Is there a way I can deduct my normal real estate income?

Radio: Best Time to Invest 2019
with No Comments

There is always an excuse to delay doing something that involves risk. They close the show reminding you not to wait. Invest now.

Practical Advice on Hiring Your Children
with No Comments

Here’s some advice from one daughter employee to a would-be parent employer.

Loophole: How to Perform Qualified Charitable Distributions Out of Ongoing SEP-IRA Assets
with No Comments

It turns out there is still a way to do a QCD out of those assets, but it requires a bit of planning ahead.

Your Estate Plan Might Disadvantage Your Heir’s Cost Basis
with No Comments

Is what I’m accomplishing here worth sacrificing the step up in basis? If it is not, perhaps there is a better way to implement your estate wishes.

What You Need to Know Before You Invest
with No Comments

When I was a teen, my grandfather George Marotta passed down to me his copy of “What You Need to Know Before You Invest” by Rod Davis. I recommend this book as way to gain a baseline understanding.

Understanding The Estate Exemption
with No Comments

To preserve the portability of a deceased spouse’s exemption, you must file an estate tax return after the death of the first spouse even if you otherwise did not have to do so. The due date of the estate tax return is nine months after the decedent’s date of death.

#TBT Why the Tax on Your Roth Conversion Hurts So Much
with No Comments

Roth conversions pay off. Repeat it to yourself now. Repeat it to yourself at tax time. Roth conversions pay off.

An Honest Conversation About Compensation
with No Comments

For the proper Victorian, acts of love and money should not mix.

Where to Get a Second Opinion on Your Insurance Policy
with No Comments

If you ask, the broker will gladly tell you how much of that type they’d recommend getting, but not whether you need it in the first place.

Estate Settlement: Satisfying the Year of Death RMD
with No Comments

The required IRA distribution in the year the account owner dies is called a Year of Death RMD.

The Complete Guide to Planned and Charitable Giving
with No Comments

Taking these few extra steps can maximize your gift’s benefit to both you and the recipient.

Roth Conversions and the Virginia Age Deduction Phase-Out
with No Comments

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.

A Closer Look at the 529 Expansion Reveals Uncertainty and Disappointment About Lower Education Expenses
with No Comments

A closer look at the U.S. Code reveals a bit of uncertainty but a lot of promise.

How to Fund Your Roth By Using Another Schwab Account
with No Comments

Here is a clear guide on how to transfer funds between your Schwab accounts.

Crazy Rich Asians Series: Peik Lin on Understanding The Spending of the Wealthy
with No Comments

Peik Lin is a person who sees the recipients of her family’s spending the same way as people.

A Guide to HSA Qualified Medical Expenses, Contributions, and Family Plans with Adult Children
with No Comments

More and more family plans are actually composed of many different independent people in the eyes of the government.

Schwab’s New Personal Value Chart Promotes the Worst Investing Habits
with No Comments

Schwab’s presentation is designed to show a real time accounting of your portfolio’s value. It is not designed to report on your portfolio’s performance.

A Quick Strategy for Analyzing Whether You Should Rent or Sell
with No Comments

There are two ways to run the analysis. One is quick and can be done on the back of a napkin. The other is more detailed, best done in a spreadsheet. In this part one, we will explain the quick math.

Crazy Rich Asians Series: What We Can Learn From The Millionaire Lifestyle of Astrid Leong
with No Comments

Astrid Leong is simultaneously one of the wealthiest characters and, even though she has a massively large standard of living, one of the thriftiest.

Q&A: What Happens if an Inherited IRA Fails to Get Inherited?
with No Comments

There is a tangled web of rules and options. For any given family situation and set of desires, there is a best answer when it comes to meeting your wishes, minimizing the tax owed, and optimizing your estate plan.

1 2 3 4 10

Subscribe to our newsletter!