If you’re young and getting started in the world of finance, this section is for you!
Contributing to a Roth IRA, even though you know you will withdraw it before retirement, is a sound financial strategy.
This amendment applies to 401(k) plans, 403(b) plans, SIMPLE IRAs, and governmental 457(b) plans.
Employment contracts have their origins in very old master-servant laws. With no employment contract, you can better protect your child’s freedom and childhood.
Juggling domestic responsibilities is a second shift adults are burdened with. I find this analogy helps me to set my expectations and focus more properly.
We continued to hire her for several of the same tasks as last year, but also added a few new ones.
Any of these ETFs or mutual funds seem like they could be a good one-fund pick for the long haul.
It is better to begin somewhere than not start at all.
Just as a fake smile can make real happiness, fake happiness can create real enjoyment.
The 2021 tax credit is worth $3,600 for children under age 6 and $3,000 for those under age 18. These rules apply to tax year 2021 only.
Automate your savings. Take manual control of your spending. This is the path to wealth.
There are many questions that first time moms ask their veteran friends. Among the top list is, what do you really need to care for a baby?
An entrepreneur is valued for innovation. To innovate almost always requires failure first.
Graduate yourself from a childish mindset to that of an adult.
No limp arms. Keep your hands up. Budget for emergencies.
On Monday, October 26, 2020, Megan Russell was interviewed by Sunny Burns and Sunmarie Burns of the FamVestor podcast.
Here is a guide for how to find out what your bond is worth, decide whether you should keep it until maturity or cash out early, and how to get money for your paper.
Any amount of difference in cost of living presents a valuable opportunity to reconsider the ways you spend money in order to increase the amount of money you can save.
I knew the market was going down, but I accidentally took Bogle’s advice and didn’t peek at my own accounts.
Financial security is an amazing feeling, so why not live your life knowing you are prepared for life’s expenses and can plan ahead for all your future goals.
For domestic tasks like babysitting there are often two options: independent contractor or household employee. Taking the time to educate yourself on the difference may be worth your while.
If you do compete and want to share your results with us, fill out our Contact form and let us know about your strategy. We may even write an article about you.
Don’t be cynical. Get serious.
The FIRE (Financial Independence, Retire Early) movement is a suggestion that you should have the goal of achieving financial independence and retiring while you are young.
It is hard to prioritize saving, but it pays off. Here is how.
There are many opportunities to pay your children. If that payment can be counted as earned income, then the child is eligible to fund their Roth IRA.
When I was a teen, my grandfather George Marotta passed down to me his copy of “What You Need to Know Before You Invest” by Rod Davis. I recommend this book as way to gain a baseline understanding.
“We have simply not been able to serve those who really need us the most.”
David John Marotta was interviewed on Radio 1070’s Schilling Show discussing getting your finances in order.
Financial planning is simply doing what it takes to give you the means to do what you want. The poorer you are the more you need financial planning. You don’t have any margin for mistakes.
Families that consider generational financial planning techniques can reduce the burden of taxes on the family as a whole.
The IRS does not require dependents whose gross income is only earned income to file a tax return if the amount is less than a certain amount.
You probably know that you should spend less than you earn, but that is only part of the equation.
While your student loans may be a daunting sum, it is still possible to build wealth even while paying off student debt.
David John Marotta was interviewed on WINA’s “Real Estate Matters” show with Michael Guthrie, talking about how it is still a good time to buy a house.
A swimmer takes one stroke at a time and yet makes great progress.
An alternate look at the formula using the case study of Kate the Social worker who wants an MBA from Georgetown University.
Your future path is sure to take many unexpected twists and turns, but you should run the numbers. Your future self will thank you.
Sometimes, there isn’t enough to do it all. Even then, fund your Roth.
The average married couple has dreams of multiple children, annual vacations, and homeownership, but planning for these expenses can be challenging.
You might think that you can’t qualify, but many well-paid families are eligible.
For those who do not want to be investors, a fast-track repayment may be best. But for those willing to save and invest, there is a better option.
After automating your entire investment plan, you can save and invest without even having to watch.
All new employees have to fill out form W-4, but despite its ubiquity, most people don’t understand it.
David John Marotta and Megan Russell were interviewed on the radio discussing ways recent graduates can make themselves more attractive to employers in today’s tough job market.
The list of jobs for a History major seems quite short: Historian and Historic Preservation come quickly, then maybe Politics, if you think particularly hard about it.
David John Marotta was recently interviewed on radio 1070 WINA’s Schilling Show discussing success, and how to structure your life for greater chances of success.
How do you know if you can contribute to a Roth IRA? See this flowchart for answers.
Often the needs and wants of the present take our attention at the expense of the future. You want a system that will prioritize saving without needing your constant attention.
Today’s question: What if something happens to me and I am not able to make decisions for myself?
Stop borrowing from your future self. Each day you fail to save is another day where you tighten the ball and chain around your ankle. You deserve better than that.