Complete Guide to Your Schwab Debit Card (2019)
with No Comments

I think my second favorite feature of Charles Schwab’s banking service is their debit cards.

Children Will Listen (Financial Lessons from Into the Woods)
with No Comments

Your child may be in the thick of feeling out a boundary line by testing all your limits, but it pays off to be patient and trust that they will learn and they will listen.

Nice is Different Than Good (Financial Lessons from Into the Woods)
with No Comments

Nice is different from good. You want a good financial planner not just a nice one.

Retirement Wisdom (The Series)
with No Comments

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.

Do You Know What You Wish? (Financial Lessons from Into the Woods)
with No Comments

Knowing what you want is important to directing the course of your life. To have a better life, you need to have a purpose for both you and your money.

How to Switch to Paperless Delivery at Schwab
with No Comments

To avoid a higher trading fee at Schwab, it is in your best interest to turn on paperless delivery for everything that you can.

Q&A: Can I Reimburse More Than My Actual Room and Board Expenses From My 529 Plan?
with No Comments

Every school sets a budget or allowance for room and board, referred to as the cost of attendance. Are you allowed to reimburse yourself for the entire amount of Room and Board even if you did not spend that much?

Avoid the Christian Financial Planners Directory
with No Comments

I cannot imagine any consumer who, if they understood how such a select list of advisers was actually compiled, would use this list. Why limit yourself only to firms willing to pay a referral service to endorse them?

Q&A: How Do I Use a 529 to Reimburse for Housing at a School Abroad?
with No Comments

The first step to answering this question is to check that the school you want to attend is an eligible educational institution.

How To Update Your Address at Schwab and Why It Is Not Straightforward
with No Comments

Luckily, you can update your address online. Unfortunately, it is not as straightforward as the average investor suspects it will be.

What is Cost Basis and How Do I Calculate It?
with No Comments

The process of correcting cost basis problems, although time consuming, is worthwhile.

Q&A: Should I Get a Car Loan To Stay Invested?
with No Comments

With these moderate interest rates, the only clearly wrong decision in my view is buying a car on loan because you cannot afford it outright.

Charles Schwab: How to Order More Checks or Deposit Slips (2019 Update)
with No Comments

Schwab used to have a streamlined service for ordering more checks. Now as of 2019, they have outsourced their check ordering to a third party.

How to Implement Basic Investment Strategies
with No Comments

In 2009, David Marotta wrote a five-part article series for the Charlottesville Business Journal covering basic investment strategies. Its advice is still relevant today.

Schwab’s 3 Myths of Responsible Investing Are Actually True
with No Comments

In reality, all three “myths” are cause for real concern about SRI, ESG, and other so-called impact investing.

How to Budget for Emergencies: Divorce, Separation, or Widowing
with No Comments

Although this is the least common financial shock studied, it is one of the most difficult because at its core it is a problem money cannot solve.

Core Values Budgeting: One Strategy to Identify Budgeting Changes
with No Comments

Here is a strategy that can both help you identify what you value and help you start your budget.

How to Budget for Emergencies: Other Large Expenses
with No Comments

Financial shocks can come in all shapes and sizes. This strategy of budgeting should increase your chance for success over the long haul.

How to Budget for Emergencies: Pay Cut
with No Comments

Whatever technique you use to smooth your income, providing for the possibility of having a sudden reduction in income can help your family self-ensure against this potential financial shock.

Q&A: Can I Still Use a QCD to Get State Tax Credits?
with No Comments

If a portion of your charitable gift is nondeductible, then no portion of the gift can be counted as a Qualified Charitable Distribution. But there is one accepted loophole for QCDs.

State Tax Credits: Navigating the New IRS Rules to Find Tax Savings
with No Comments

This June, the IRS came out with their final ruling on how charitable gifts to receive state tax credits will be handled. This is how the strategy works now.

How to Budget for Emergencies: Trip to Hospital
with No Comments

This is the financial shock of a trip to hospital. It is upsetting, expensive, and unexpected.

All About Elizabeth Woodrum, CFP®
with No Comments

We are very pleased to announce that Elizabeth Woodrum is our newest CERTIFIED FINANCIAL PLANNER™ (CFP®) professional at Marotta Wealth Management!

How to Budget for Emergencies: Major Home Repair
with No Comments

This is the financial shock of a major home repair. It is expensive and surprising.

Best Practices for Your Estate Plan’s Tangible Property List
with No Comments

“I may leave a list or other written statement expressing how I wish certain items of my tangible property to be distributed.” But how do I do that?

The Complete Guide to Retirement Account Types
with No Comments

Here is a simple list of the retirement account types and their differences.

How to Budget for Emergencies: Major Car Repair
with No Comments

This is the financial shock of a major car repair. It is the most common financial shock with 30% of households reporting such an event within the last 12 months.

How to Budget for Emergencies (The Series)
with No Comments

It is possible to be prepared for financial emergencies by living 10% more frugally and saving for the inevitable eventuality.

Q&A: Do You Offer Roth Conversion Planning for Someone Who Is Not a Client?
with No Comments

Kudos to you for noticing the value of Roth conversions! We have three ways we can help.

RiversEdge In-Service Withdrawal Request Form
with No Comments

To do an in-service rollout of your vested profit sharing balance, you use the “RiversEdge In-Service Withdrawal Request Form.”

#TBT Your Asset Allocation Should Be Priceless
with No Comments

Rebalancing from stocks into bonds reduces your returns on average since bonds have a lower average return. But, as this 2015 article reminds us, there are decades of very choppy markets where even rebalancing an allocation of stocks and bonds can boost returns.

#TBT The Only Right Answer To Debit or Credit?
with No Comments

You swipe your debit card at the card reader and the clerk quickly asks, “Debit or Credit?” Which should you choose? This 2013 article tells us.

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!

1 2 3 4 11

Subscribe to our newsletter!