October 31, 2014

Radio: Financial Planning in Your 40s and Early 50s

Marotta Smiling On Radio

Here is a list of seven things which are important to ensure during these years

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Time to Give Annuities a Second Look?

Two Giraffes

No. I thought we’d decided not to give them a first look.

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The Benefits of Saving and Investing Early

Saving Money

Any money you put away and invest now will have the longest time to grow, due to the magic (or actually, the mathematics) of compound interest.

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David Marotta Quoted on Yahoo Finance Story About Gen Y Savings

College Student in Hammock

Because of inflation, today’s 20-year-olds will need over $7 million to have the same lifestyle when they retire.

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Mailbag: Is Funding My 401(k) Match Sufficient to Fund My Retirement?

401k Shortfall

At age 25, getting your 401(k) match funds 64.2% of your retirement.

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Today’s 20-year Olds Will Need Over $7 Million For Modest Retirement Lifestyle

Worried Woman

Most young people don’t understand inflation as well as their parents and grandparents.

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Make sure clients road-test retirement

Retirement Cake

“Ascertain whether they’re ready for changes in lifestyle and finances for the next stage of their lives”

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Every Business Should Start a 401(k)

Small business owners

The president’s hope to restrict the plans should actually make owners more interested in creating one.

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At Least 65% Of Workers Fail To Save Our Recommended 15% For Retirement

Bag Lady

The study shows that 21 percent have saved nothing for retirement.

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Is Social Security Stealing Your Chance Of Being A Millionaire?

You have got to be kidding.

Social Security withdrawals have enslaved workers to depend on government largess when they could have been independently wealthy.

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David Marotta Interviewed Discussing MyRA Plans

Marotta on the Radio

David Marotta was recently featured on radio 1070 WINA’s Schilling Show discussing the new MyRA plans, inflation, and saving for retirement in general.

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Develop A Network Of Friends In Retirement

Old Friends

Having community is important for a successful retirement. Men may find it requires more work to achieve.

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Obama’s myRA Plan Violates Multiple ERISA Laws

Go to jail

Willful violations of ERISA legislation carry criminal penalties of up to a year in prison for the plan sponsor and a fine of up to $100,000 for the corporation.

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Retirement Plan Asset Allocation: University of Virginia Case Study

uva wise owl

Many people lack the time and expertise to develop an intelligent retirement asset allocation plan.

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UVA Tax-Deferred Retirement Plan Asset Allocation Tools

uva wise owl

We have created several asset allocation tools to aid those seeking an intelligently diversified portfolio.

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Why Can’t Our Social Security System Be More Chilean?

social security

Both economists and reasonable citizens understand that reforming our Social Security system is inevitable.

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How to Calculate An Advisor’s Value: Dynamic Withdrawals

Chess White Bishop

Having a plan not to run out of money is priceless.

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Money Management Lessons From a Relay Race

winning team

Money meditations from the finish line.

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Marotta’s 2014 UVA Fidelity 403b Calculator

University of Virginia's Serpentine Walls

Age appropriate asset allocation for 2014 using the choices available in the University of Virginia’s Fidelity 403(b) Tax Deferred Savings Plan (TDSP).

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Marotta’s 2014 UVA Fidelity 401(a) Plans Calculator

University of Virginia's Serpentine Walls

Age appropriate asset allocation for 2014 using the choices available in several of the University of Virginia’s Fidelity Retirement Plans.

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Is The Optimum Level Of Annuity Ownership Negative?

Sailboat to Money Island

Does it actually make sense that people should buy annuities as much as conventional wisdom says?

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Retirement Planning

Retirement Planning

Retirement Planning is perhaps the single most important goal of comprehensive wealth management.

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Postpone Retirement for Your Health

Squirrel clinging to tree

Your lifespan is decreased by 1.8 months for each year you retire early.

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Overspending Retirement Income

Sailboat to Money Island

Several issues can cause retired clients to deviate from their safe spending rates.

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Five Things Advisors Should Tell Clients About Retirement, But Often Don’t

5-things-advisors-should-tell-clients-about-retirement_t

“Retirement today is a lot like an iceberg, where 90 percent of what’s really taking place is below the surface.”

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Big Mac Index Shows Official CPI Underreports Inflation

Big Mac

The lack of an adequate CPI adjustments leave seniors 71 days shy of a year’s worth of lovin’ it. Seniors deserve a break today!

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Bucket List: Financial Independence

Bucket and Sand

Most people do not use all their skills at their place of work, so these other skills become hobbies. I am no exception. What I need to pursue these other dreams is financial independence, that is, decoupling my need to eat from my skill as as an artist.

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The Smart Money Philosophy of Doug Lennick

Roulette Wheel

Follow a philosophy so that there is always a smart place to get money

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Preparing to Retire – Wealth Management Carnival #12

Carnival - Retirement2

Today’s carnival is all about retirement: saving for it, where to open accounts, how much to withdraw once you do retire, and more. Read on for more details!

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CPI Inflation Rate Calculator (Experienced vs. Reported)

Alternative CPI measurement

Have you ever wondered why the CPI, GDP and employment numbers run counter to your personal and business experiences? The problem lies in biased and often-manipulated government reporting.

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IRA Cap Gives Rise to New Funding Strategies

Be Outraged And Fund Your Roth

President’s proposal comes with silver linings for shrewd advisors

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Is A $3 Million IRA Sufficient For Retirement?

Five Presidents

$3 million today has the same buying power as $500,000 in 1970.

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10 Best Places to Retire Abroad

Costa Rica

If you like stable governments, low crime rates, socializing, great food, wine, culture and the dependability of developed countries, this list is for you

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Medicare Advantage Plans: Are They For You?

medicare3_t

Those planning to enroll in Medicare have lots of homework to do. In this article I cover the essential benefits of Medicare Advantage which is the private insurance option for Medicare recipients.

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How Manipulations to the CPI Affect Your Retirement Planning

inflation_t

Retirees must plan to supplement this slowly dwindling paycheck or risk having to make hard sacrifices during what is supposed to be their golden years.

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Greenspan, Friedman, Keynes and Lenin All Agree on Inflation

The Fading Dollar

“The way to crush the bourgeoisie is to grind them between the millstones of taxation and inflation.” – Vladimir Lenin.

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Age 65 and Still Working: Sign Up For Medicare?

medicare2_t

Is Medicare better than your current employer health plan? Signing up for Medicare is the right decision for many who stay on the job. With one exception, everyone who is eligible should sign up for Part A.

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Securing Your Retirement or Working During Your Retirement

Older americans rely more on work income

Securing your retirement financially is too important to leave the process up to chance and guessing.

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The ABCs and Part D of Medicare

medicare

As seniors approach age 65, they face a matrix of confusing Medicare options. Planning for health care expenses in retirement is one of the largest hurdles that new retirees face.

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Three Reasons Husbands Should Delay Taking Social Security Until Age 69 or 70

delay_ss_t

Most married men claim Social Security at age 62 or 63, which leaves their future income well shy of what research indicates is optimal. Gentlemen, it’s time to wise up.

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Social Security goes fully paperless

my Social Security

You should claim your own Social Security account online and give it a secure password before someone else does.

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Financially Savvy Kittens on Retirement in Retirement Planning

Financially Savvy Kittens on When to Retire

This kitten knows her retirement number. Be more like this kitten.

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Financially Savvy Kittens on Retirement Plans

Financially Savvy Kittens on Retirement Planning

These kittens have retirement plans. Be more like these kittens.

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Financially Savvy Kittens on Retirement Planning

Financially Savvy Kittens on Retirement

This kitten knows how to retire. Be more like this kitten.

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Live Long and Prosper

live long_t

It’s not just Mister Spock who is living a long life. Japanese Jiroemon Kimura’s nearly 116 years, making him the oldest man in modern recorded history, is a reminder to have a retirement income plan that will last over the long haul.

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Is Your 401(k) Holding Too Much Company Stock?

company stock_t

Following the holiday season, many will feel the effects of overindulging on festive sweets. It turns out that your 401(k) also suffers when indulging on too much of a good thing.

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Threats to a fulfilling retirement

Capitol Building

“Inflation and loss of capital pose dangers to retirees seeking a sustainable income stream.”

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Success and Significance in Retirement

Sailboat to Money Island

Most Americans fail to plan adequately for retirement. As a result, they often miss out on opportunities to enjoy the second half of life.

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Financially Savvy Kittens on Net Worth

Financially Savvy Kittens on Net Worth

This kitten knows what she’s worth. Be more like this kitten.

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Last Chance for a Roth Conversion during 2012

Last Chance for a Roth Conversion 2012

While Roth conversions will be advantageous for some next year, they are advantageous for nearly everyone in 2012.

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