States with Death Taxes (2023)
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While most states do not have their own estate or inheritance taxes, some states do and often their exemption is lower than the federal one.

Should I Change Financial Advisors Over Poor Performance?
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The fact that markets are down isn’t a good reason by itself to fire your advisor, but there are reasons to switch financial advisors related to performance.

IRMAA Event: Loss of Income-Producing Property
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It sounds broad and easy to use, but it is actually very specific and uncommon.

Why Did My CD Lose Money?
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Many people don’t understand how fixed income is priced, so let me take you through the math.

Schwab’s New HSBAs (Health Savings Brokerage Accounts)
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Now that these accounts are open at Charles Schwab, Marotta Wealth Management can manage and invest Health Savings Brokerage Accounts.

2023 Babies: Start Saving for College Today!
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For babies born in 2023, here are the amounts that should be saved starting at birth to cover four years of college expenses at age 18.

Freedom Investing in Review (September 2023)
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This quarter, we saw that in 1-year returns ending September 30, 2023, Developed Freedom Investing had a -4.77% disadvantage, Emerging Market Freedom Investing had a +3.89% advantage, and Overall Freedom Investing had a -1.63% disadvantage.

The Fickleness of Five-Year Returns
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Return reporting can create either darker or rosier pictures depending on the dates selected.

All About Jacob Massanopoli, CFP®
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We are very pleased to announce that Jacob Massanopoli is our newest CERTIFIED FINANCIAL PLANNER™ (CFP®) professional at Marotta Wealth Management!

Founder’s Day: Celebrating George Marotta (Part 3)
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My grandfather turns 97 this year. While not often celebrated or recorded in history, my grandfather played an important supporting role to many important events.

Distribute Your First 401(k) RMD in April or December?
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Within employer-sponsored retirement plans, there are special provisions for employees (not owners) who continue to work beyond their typical required beginning date.

529-to-Roth Rollover Contribution Available in 2024 (Secure 2.0)
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This new rule says that the account owner can distribute funds from a 529 plan directly to the designated beneficiary’s Roth IRA and have the rollover “be treated in the same manner as the earnings and contributions of a Roth IRA” (meaning no taxation).

Avoid Investing Mistakes (the series)
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This series of articles covers some of the most common investing mistakes and how to avoid them.

All About Greg Vairo, CFP®
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We are very pleased to announce that Greg Vairo is our newest CERTIFIED FINANCIAL PLANNER™ (CFP®) professional at Marotta Wealth Management!

We Are Not Afraid. (A Reply to Recent Headlines)
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There are strategies to achieve a better inner calm.

How to Upload a Secure Document to Marotta
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We can receive documents to our secure ShareFile client portal.

Proposed RMD Rules: The Madness Continues
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“And the now-20-year-old beneficiary who lost her father less than a year ago is supposed to navigate this mess on her own? No chance. This is madness.”

QCD Limitation Starts Inflation-Adjusting in 2024 (Secure 2.0)
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Congress decided to inflation-adjust both the existing and the new split-entity qualified charitable distribution limitations.

How to Set Beneficiaries on Your HSA with Fidelity
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Once you’ve open an HSA and have started making contributions, it is important that you set beneficiary designations on the account.

How to Implement a New Investment Plan
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Next time you are wondering if you should invest now or “wait for a better time,” remember Schwab’s study and invest now in whatever way makes you invest now.

2023 Tax Facts
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Here is a reference chart with 2023 income tax rates, capital gains rates, retirement contribution limits, and more.

Q&A: Wash Sale: VFIAX and VOO?
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The IRS has very limited case law on what constitutes a substantially different fund. However, here is what we do in our own trading.

How to Calculate Fair Market Value if the Date of Death Is on a Weekend?
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Calculating the fair market value of property varies in difficulty depending on the type of property and the date of death.

How the Kiddie Tax is Calculated
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Some investable assets in the name of the child can currently keep $2,300 of unearned income from the tax rate of the parents.

Why I-Bonds May Not Be As Great As They Seem
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If you’re thinking about buying an I Bond, make sure it fits properly into your financial plan, and you aren’t just chasing the high interest rate.

How to Calculate Taxable Social Security (Form 1040, Line 6b)
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If you receive Social Security benefits, the portion of those benefits which will be taxable depends on your income. The taxable portion can be anywhere from 0% to a maximum of 85% of your benefits.

Can Taxable Life Insurance Benefits Contribute to an IRA?
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If you have this fringe employer or former employer benefit, I hope you are able to take advantage of making small Roth IRA contributions throughout your retirement.

When to Enroll in Medicare
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If your miss your initial enrollment eligibility window, then your premiums are hit with a late enrollment penalty.

ABLE Accounts: Tax-Advantaged Savings for People with Disabilities
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ABLE accounts offer people with disabilities a new opportunity to save and invest for the future.

Two Ways to Fix Social Security Filing Mistakes
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If you are still in your 60s, the good news is your decision doesn’t have to be permanent. You actually have two ways in which you can change your benefit amount.

Q&A: Should I Be My Brother’s Power of Attorney?
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Interestingly, being a fiduciary though is not a job description as much as it is descriptive of the kind of job that you do.

How to Create an iPad App of Your Favorite Websites
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You can make an “app” (really a shortcut) on your mobile device so you can quickly access all the resources on Marotta on Money. It takes less than a minute.

Who Should Own My Child’s 529 Account to Assist the FAFSA?
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With the grandparents as the owner rather than the parent, the student may have a better chance of receiving financial aid.

What Happens to Your College Savings Plan When You Receive a Scholarship?
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What will happen to all the money I have saved for her college expenses now that she doesn’t need it?

What is Cost Basis and How Do I Calculate It?
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The process of correcting cost basis problems, although time consuming, is worthwhile.

Manage All Your Family’s Finances with a Power of Attorney
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Instead of having to nag your spouse to sign paperwork or login online to accomplish these tasks, you can manage all of your family’s finances by setting up a power of attorney.

Q&A: Does a Power of Attorney Agent Have a Fiduciary Duty?
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A reader asks, “As her descendant and agent following the rules as written, it is my understanding that I could gift myself $14,000 each year. But can I really?”

Why do I have a Positive Return with a Negative Gain?
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These “strange but true” returns occur more frequently than you might expect.

Marital Harmony with a Few ‘His’ and ‘Her’ Budgets
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Each spouse has different spending habits and values different things in life. This can easily lead to bitterness, or at the least, long discussions when the budget is reconciled.

Q&A: What’s My Roth Conversion Limit?
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The legal answer to this question is: there is no limit. The practical answer is: it depends on a number of things.

When Partial-Year HSA Contribution Limits Don’t Apply
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Under the “last-month rule,” you can contribute the full amount even after a partial year assuming you meet the “testing period.”

Are You Paying For Your Fund’s Advertising?
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If you own some mutual funds, chances are you are paying a hefty marketing price.

Common Endowment Mistakes
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Prudent investment practice is as much about knowing what not to do as it is about knowing what to do.

How Cookie-Cutter Powers of Attorney Fail
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This style of Power of Attorney certainly gets the job done, but there are a few ways that the cookie-cutter POA most frequently fails to meet people’s wishes.

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