This straightforward article about how to value your charitable gifts of appreciated stock may help you in preparing your tax return this year.
Looking closer into each asset class, here’s how our top six asset classes performed between January 1 and December 31, 2020.
Want to do the new year well? Here is a month-by-month guide for setting financially healthy habits.
If a friend recently asked you if you’re willing to be written into their will as an executor to their estate, this 2015 article will give you some food for thought before you reply.
While you can only use $3,000 per year of capital losses to reduce your taxable income, you should bank as much capital loss as possible for other future uses.
As 2019 draws to a close, it’s time to start looking ahead to 2020 tax planning.
During 2019, the U.S. Stock Market generally rose during the four quarters from the lows set by the Almost Bear Market of 2018.
Here is a cheat sheet with information about the 2019 tax brackets and contribution limits that should help as you do your tax planning for the year.
New proposed legislation cuts the benefit of donating to charity and receiving tax credits in return.
This 2014 article reminds us: don’t wait until you “have more” or “make extra money” – start saving now! It is worth more.
What’s the difference between Schwab’s “Ending Value” line and their “Ending Value with Accrued Income” line on my monthly statements?
This 2014 post reminds us that perhaps we should be more afraid of cash and inflation than stocks and investing.
Although volatility is often unwelcome by investors, it can provide profitable returns.
2017 was such a good year for the stock markets that it set a record.
Here are the numbers to use as you’re doing tax planning this year.
Here are the numbers for how much you can save in retirement accounts and Health Savings Accounts in 2018.
How do you determine the value of your gift of stock? The IRS doesn’t like you to use rough estimates on your tax forms; they prefer a black and white number.
David John Marotta was interviewed on Radio 1070 WINA’s Schilling Show discussing the Equifax breach and Financial Peace University.
David John Marotta was interviewed on Radio 1070’s Schilling Show discussing getting your finances in order.
David John Marotta was interviewed on the Schilling Show discussing the minimum wage, and the reasons keeping (or raising) a mandatory minimum wage could actually hurt some workers.
David John Marotta was interviewed on radio’s The Schilling Show discussing Health Savings Accounts and the recent Healthcare bill passed by Congress.
When you finish your tax preparation, it is time to begin tax planning.
You can’t touch the earnings on your contributions until you’ve had an account open for 5 years and you’re either over age 59 ½ or you meet special exceptions.
David John Marotta was interviewed on the Schilling Show discussing trickle-down economics and taxes.
David John Marotta was interviewed on the radio 1070’s Schilling Show discussing the difference between obstruction and resistance.
David John Marotta was interviewed recently on the Schilling Show discussing the politics of kindness and the difference between intentions and outcomes.
If you’re doing some tax planning this year, here is a quick guide to the brackets.
David John Marotta was interviewed on radio 1070 WINA’s Schilling Show discussing corporate tax rates, and why they should be lowered.
Every year the IRS releases new limits for how much you can contribute to Individual Retirement accounts and Health Savings accounts for the tax year.
Neither party has to pay taxes on gifts up to this gifting limit, and the limit remains unchanged from 2016.
Listen to a discussion on why journalists are usually liberal-leaning and what that means for reporting the news in America.
Here are the limits for how much you and your employer can contribute to retirement accounts on your behalf.
If you want to be really minimalist about your budgeting, here’s what we suggest: the 65-25-10 rule.
Every decade of life brings new financial challenges. Try to avoid these common pitfalls.
What if you do not need all the money from your RMD and you are also charitably inclined?
Is there morality that supersedes legally abiding by the tax code?
If you give away more than 50% of this year’s income, you cannot deduct it this year, but you can carry it forward for up to 5 years.
The IRS has a rule that if you are doing a rollover for a 401(k), you have 60 days to complete that process. But what if you experience a tragedy and can’t finish on time?
David John Marotta was interviewed on radio’s Schilling Show discussing the relationship between the government and college education.
It can be easy to forget about your company’s 401(k) because you aren’t depositing the money yourself, your pre-tax contributions are deducted from your paycheck and are electronically deposited by your employer.
With many types of retirement accounts available, it can be difficult to keep track of how much you can put away where, especially if you are eligible to contribute to multiple accounts.
When you sell an investment that has appreciated, the IRS looks at your tax rate and taxes the gains accordingly.
Which company should you choose when you’re opening a donor-advised fund?
David John Marotta was interviewed on radio’s Schilling Show discussing real estate and its importance in your total net worth.
Here are nine steps you should take to make it more difficult for criminals and identity thieves to steal your personal information.
An easy estate workaround is to set up a Donor Advised Fund as a Testamentary fund, meaning you aren’t funding it yet, but it will be funded upon your death.
There are several strategies for using a donor advised fund which will help determine your asset allocation.
With a little preparation, you can save and invest over your lifetime to meet your financial goals and dreams.
Having a budget as a boundary for your spending gives you the freedom to work within that boundary, and keeps you on track to save for your goals.
You probably know that you should spend less than you earn, but that is only part of the equation.