#TBT How to Claim Your Virginia State Tax 529 Contribution Deduction
with No Comments

Form ADJ of the 760 lines 8a – 8c are where you report miscellaneous deductions.

#TBT How Shrewd Investors Save on Taxes
with No Comments

This 2007 post teaches how to use both investment losses and investment gains to good tax advantage.

#TBT A Guide to the Bear Markets
with No Comments

This series on each Bear Market helps remind us that there is nothing to fear.

#TBT The Complete Guide to Creating an Investment Plan
with No Comments

This is a summary of the six steps required to create a well-crafted investment plan.

#TBT Account Protection at Schwab
with No Comments

Charles Schwab offers both SIPC® account protection and a FDIC insurance amount for accounts custodied with them.

#TBT That Rebate Check Could Ruin Your Retirement
with No Comments

This 2008 article reminds us that anyone who spends more than 4% of their rebate will actually lose ground saving toward their retirement.

#TBT A Wealth of Satisfaction
with No Comments

This 2011 article reminds us that there will never be another you in the history of the universe. Sometimes that is just the reminder we need.

#TBT The Benefits of Saving and Investing Early
with No Comments

This 2014 article reminds us: don’t wait until you “have more” or “make extra money” – start saving now! It is worth more.

#TBT Speed Is Not Critical When Investing
with No Comments

Using the analogy of a peach orchard farmer compared to a doomsday weather watcher, David Marotta reminds us in this 2004 article that “For the speculator, speed is everything. Not so, for the investor.”

#TBT Where to Find Statements and Tax Documents on Schwab.com
with No Comments

Following this guide, you should be able to easily download any account documents you want.

#TBT For Valentine’s Day, Work on a Budget Together
with No Comments

Financial planning can be romantic. As this 2011 article reminds us, “nothing is more romantic than planning how to realize your shared hopes and dreams for the future.”

#TBT Where is Your Priority: Tax Preparation or Tax Planning?
with No Comments

Tax planning is very different than tax return preparation. The goal of tax preparation is to minimize your tax owed this year. The goal of tax planning is to maximize your after-tax net worth by minimizing your taxes owed over your lifetime.

#BestOf2022 How to Self-Insure for Long-Term Care Health Expenses
with No Comments

Saving for long-term care, if done early enough, is not too expensive and helps to protect yourself from this potential financial shock.

#TBT Which is Better: Bad Market Timing or Not Investing?
with No Comments

This 2014 post reminds us that perhaps we should be more afraid of cash and inflation than stocks and investing.

#BestOf2022 How to Change a 529 Plan Account Owner
with No Comments

While you may think that the account owner needs to stay the same, you can easily change the account owner.

#TBT How to Double Your Retirement
with No Comments

Doubling your retirement is not a fast process. It is the slow and steady practices of daily financial diligence.

#BestOf2022 How to Calculate Taxable Social Security
with No Comments

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.

#TBT Recouping Losses Is Not As Hard As You Think
with No Comments

This 2016 post has been our most popular search result recently for good reason. After the 2020 COVID bear market, this article is a comforting bit of math.

#BestOf2022 An Updated RMD Calculator
with No Comments

There are different tables and formulas used to calculate your RMD divisor based on your particular circumstances. This is a calculator for the three most common.

#TBT Maintain Financial Balance When in Business
with No Comments

This 2004 post has ten timeless rules for small businesses to maintain their financial balance.

#TBT A Year of Financially Healthy Habits
with No Comments

Want to do the new year well? Here is a month-by-month guide for setting financially healthy habits.

#TBT Don’t Eat Yourself Out of Financial Security
with No Comments

The worst financial problems stem from trying to live a champagne and caviar lifestyle on a beer and chips budget.

The Haunting of Bob Cratchit: A Book from David Marotta
with No Comments

Did you know David wrote a Christmas novel? This 2020 book by David John Marotta and Brendon Marotta makes you rethink what is happening in Charles Dickens’ A Christmas Carol.

#TBT How Not to Go Broke at Thanksgiving
with No Comments

As the season of holiday shopping approaches, this 2018 article reminds us, “Before you throw your money at various companies, squirrel some savings away for your future self.”

#TBT How Does The Fed Control Interest Rates In A Free Market?
with No Comments

This 2014 article is a good reminder of how interest rates work in our country.

#TBT How to Order New Schwab Checks
with No Comments

Schwab has recently required that everyone with older checkbooks reorder new ones. This recent guide should help you with this process.

#TBT Tax By Inflation
with No Comments

Inflation has at least four grievous effects on our economy. This 2014 article explains them.

#TBT Five Reasons to Have Some Cash Equivalents
with No Comments

Staying fully invested is an important part of your financial plan. Yet still, there are at least five reasons to hold cash.

#TBT Sage Advice After Stock Market Drop
with No Comments

Old financial news read with 20-20 hindsight helps remind us that this is what markets do.

#TBT Be Wary Of Sponsored Content
with No Comments

As advertisers have found it harder and harder to reach consumers, they are continually seeking ways to gain your attention.

#TBT The Value of Systematic Roth Conversions
with No Comments

In this video, David used examples from our tax planning service to demonstrate what a Roth conversion plan might look like and how systematic Roth conversions can create a higher after-tax net worth in the future.

#TBT Four Reasons to Rebalance
with No Comments

This post reminds us that there are at least four reasons to rebalance where the benefit can be demonstrated or measured.

#TBT Open a Roth IRA Today or Regret It Later
with No Comments

Roth IRAs have one weakness, but the remedy is to have opened and funded your Roth more than 5 years ago. So do it today!

#TBT What Are Normal Market Movements?
with No Comments

It is common for investors to be surprised by movements in their portfolios. This 2019 article reminds us though that even volatile movements can be quite normal.

#TBT Before You Get Out Of The Stock Market, Read This
with No Comments

When you get out of the markets, you have made a huge gamble with your retirement money, and now the stakes are high.

#TBT Q&A: Can a 529 Reimburse for Last Year’s Expenses?
with No Comments

Unfortunately, neither “yes” nor “no” is a correct answer to this question.

#TBT The Lower The Market Falls The More Important It Is To Stay Invested
with No Comments

A recovery after a significant downturn in the markets is often marked by steep growth. If you sell and flatline, you will likely miss the market’s natural recovery and thus your own personal future recovery becomes very difficult.

#TBT Don’t Do Something. Just Stand There!
with No Comments

You learn a lot by the discipline of reading old news.

#TBT How Long Should I Keep Financial and Tax Records?
with No Comments

Whenever the IRS challenges you, the burden of producing evidence that your claims are true rests entirely with you.

#TBT How to Deduct U.S. Debt Obligations on State Tax Returns
with No Comments

Some states do not tax their residents on income from a mutual fund that was earned on U.S. government obligations.

#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.

#TBT How to Report NAP Credits on a Virginia Return
with No Comments

Luckily, reporting and using your tax credits on your state tax return is very straightforward.

#TBT Do Children Need To File A Tax Return To Fund Their Roth IRA?
with No Comments

Don’t let stress about tax filing requirements keep you or your child from a powerful opportunity to provide for their future.

#TBT Tax Table and Tax Computation Worksheet
with No Comments

The strangest fluke of the tax return is that the actual calculation of how much base tax you owe does not have a form; it has this worksheet.

#TBT Qualified Dividends and Capital Gains Worksheet
with No Comments

The 25 lines are so simplified, they end up being difficult to follow what exactly they do. So, for those of you who are curious, here’s what they do.

#TBT Do I Need to Pay Tax on This 1099-R?
with No Comments

The given numbers on a 1099-R are insufficient to be able to fill out your tax return correctly. Knowledge of what was actually done is required in order to file your taxes accurately.

Few Spaces Left in Marotta’s Online Class (Thursdays in March 2022)
with No Comments

The class will be held virtually on Zoom each Thursday from noon to 1:00 PM EST between March 10 and March 31, 2022.

#TBT How to Report a Backdoor Roth or Nondeductible Contribution on Your Tax Return
with No Comments

This 2020 article is for tax preparers of the world. If you did a backdoor Roth this year, send it to yours.

#TBT 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.

#BestOf2021 The Value of Systematic Roth Conversions
with No Comments

Why do people do Roth conversions? Should I? This timeless article and video answers all your questions.

1 2 3 4

Like what you read? Subscribe to our newsletter!