Our Answers to Form CRS Conversation Starter Questions
As part of the requirements, the SEC wrote passages which must be included verbatim in each relationship summary. Some of that required text are so-called conversation starter questions.
As part of the requirements, the SEC wrote passages which must be included verbatim in each relationship summary. Some of that required text are so-called conversation starter questions.
Hopefully, this extension helps some take advantage of this welcome relief.
Each of us either has a withdrawal rate or a savings rate, as we are each either contributing to or withdrawing from our invested accounts.
Because the due date for filing Federal income tax returns has been postponed to July 15, the deadline for making contributions to your IRA for 2019 is also extended to July 15, 2020.
Sometimes, you don’t get a second chance to be brave.
While the appreciation allocation helps you achieve your financial goals, introducing a stability allocation into your portfolio can prevent your portfolio from running out of money.
Among the temporary measures, Congress waived required minimum distribution (RMD) requirements for only tax year 2020.
A recovery after a significant downturn in the markets is often market by steep growth.
Market returns are out of your control. These thirteen actions are in your control.
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.
We see ourselves as your primary care provider for finances and strive to become experts in every specialty that you need while accompanying you on any referral to another firm we need to make.
If you inherit a traditional IRA from a person who had a basis in the IRA because of nondeductible contributions, that basis remains with the IRA assets as they come into your ownership.
We have a large distribution of clients at all portfolio sizes and, surprisingly, have all life stages near equally represented.
Even if all four of these sentimental or pragmatic justifications are true, doing the wrong thing is still worse than doing nothing.
Here is a simple list of the retirement account types and their differences.
Rumors suggest that the network’s vetting is a five minute process where you are told the fees are about $1,000 a month.
On Tuesday, March 12, 2019, David John Marotta appeared on Radio 1070 WINA’s Schilling Show to discuss how to do your own tax review.
My husband chopped his leg with a hatchet in 2018 when we didn’t have health insurance.
On Tuesday, November 13, 2018, David John Marotta appeared on Radio 1070 WINA’s Schilling Show to discuss several tax saving ideas you can do before the year ends.
Even though you would likely benefit from contributing to your 401(k), you might not benefit from keeping your assets there — even if you are the owner.
We believe that lessons like these are part of the fiduciary standard.
Thank you, Robert, for your email and your readership. I hope that everyone enjoys our new “Do-It-Yourself” service level.
These are two ways to benefit from the higher standard deduction while still fulfilling your charitable intentions.
These meetings are full of the warmth, friendship, radical honesty, and powerful collaboration.
Be very careful filling out these forms and be sure to ask for help if you need it.
Teresa Ghilarducci is just wrong here. There is no qualification that can make Ghilarducci more right.
Incentives matter. If you are going to get a financial advisor, you need to select a fee-only advisor because you need to find an advisor you can trust.
At Marotta Wealth Management, we believe that a team collaborating on your behalf provides you with better service.
Tax Year 2023 Account Type Requirements Contribution Limit More Reading Traditional or Roth IRA Contribution (subject to phaseouts, limited by wages) Age 49 and under $6,500 Should I Fund a Roth or a Traditional Account? Do Large Roth Conversions Require … Read More
We offer comprehensive wealth management services.
Wise decisions cannot be made in isolation from their impact on other areas of your financial life.
We are very pleased to announce that Courtney Fraser is our newest CERTIFIED FINANCIAL PLANNER™ (CFP®) professional at Marotta Wealth Management!
Although a net worth statement is not valuable by itself, it is very valuable in the larger context of your comprehensive financial plan.
Depending on your particular case and Social Security agent, you may get your surcharge waived, lowered, or upheld.
You can take the RMD out as early as January 1st or as late as December 31st, but when should you?
One obscure way we earn our fee is in how we bill you.
My understanding is that being the custodian of your own IRA assets is illegal. Also, we believe that investing your IRA in gold is not a good idea even if you have a third party custodian.
The Tax Cuts and Jobs Act came out of conference, which means that the House and Senate bills have been reconciled into one piece of legislation.
One unsettled issue is the fate of Alternative Minimum Tax (AMT).
At our firm, tax planning is our priority. We hope to maximize after-tax net worth over your lifetime, even if it is at the expense of this one year.
However, in 2018, the health insurance rates are extraordinarily high, especially in Charlottesville. Taking one year off from your valuable tax planning strategies to get free or low-cost health insurance might be worth it.
If you budget well according to your values, a one-pocket theory of money enriches your life, prioritizing your financial dreams above your impulses.
Here are 8 reasons you’d want to lower your AGI and 8 methods to lower your AGI.
Sometimes the change can be in a direction you did not expect.
A dollar saved on taxes is worth more than an extra dollar of income because the extra dollar of income is in itself taxable.
Exact asset location depends on the percentage of a portfolio held in each of the three types of accounts as well as the percentage of the portfolio which is to be allocated to each selected sector. But the boost in after-tax returns is well worth the effort.
Dividends and interest received from U.S debt obligations can be deducted on many state tax returns.
When a spouse inherits retirement account assets, they have the right to do what is called a “Spousal Rollover” or “Spousal Transfer.” It is almost always the right option.
Some people don’t stop at distributing just the required minimum. They think, “Well, while I’m at it, I may as well pull out a little bit more so we can fully cover the kitchen remodel…”
Many feel helpless to direct their own success, but nothing could be further from the truth.