Now non-nuclear family or friends who are more than 10 years younger than the decedent and in good health are never eligible for stretch provisions and must distribute the whole balance over 10 years.| Marotta On Money
Archive : Trusts, Foundations, and Endowments| Marotta On Money
There is no such thing as a sure thing, and if something sounds too good to be true, it is| Marotta On Money
Depending on your situation, outright beneficiary designations could be a cleaner estate planning solution.| Marotta On Money
Many financial products are sold through greed or fear, but estate planning isn't one of them. Having an estate plan and a living trust is an import part of wealth management.| Marotta On Money
Despite the fact that millions serve in a fiduciary role, many are wholly unaware of their legal responsibilities.| Marotta On Money
If you have a charity among your heirs, there is the possibility for tax savings.| Marotta On Money
Interestingly, being a fiduciary though is not a job description as much as it is descriptive of the kind of job that you do.| Marotta On Money
Archive : Retirement Accounts (IRA, 401k, etc.)| Marotta On Money
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.| Marotta On Money
It is good to take the two categories which are most similar and use them as underlying sector divisions within the same larger asset class.| Marotta On Money
Rebalancing your investments can help boost your returns and minimize risk. This simple contrarian move can help you compound your investment gains over time. With the markets at an all-time high, this may be a good time to rebalance your portfolio.| Marotta On Money
Diversifying your asset allocation among investments with a low correlation can and should reduce your portfolio's volatility and boost your returns. But critics are claiming this strategy is no longer valid. That's because they don't understand the nature of what happened in 2008.| Marotta On Money
Asset Allocation means always having something to complain about.| Marotta On Money
You can tell a lot from the expense ratio of an advisor's preferred funds.| Marotta On Money
In most cases, Schwab's rules around durable powers of attorney help to protect the principal. However, the same rules can also impede the principal's agent.| Marotta On Money
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.| Marotta On Money
Luckily, you can update your address online. Unfortunately, it is not as straightforward as the average investor suspects it will be.| Marotta On Money
If you want to open a Scwhab account to be hand-traded by Marotta, then one option for opening that account is to use Schwab.com's online account open.| Marotta On Money
Oddly enough, how a trust inherits an IRA is as important as what it does with the IRA after receiving it.| Marotta On Money
For Inherited IRAs, all the Required Minimum Distribution (RMD) rules are complicated. There is no easy case.| Marotta On Money
Inherited RMD rules demonstrates the power and importance of beneficiary designations and why it is so important to set them.| Marotta On Money
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.| Marotta On Money
As part of SECURE Act 2.0 legislation, an Individual Roth 401(k) plan is a new account registration type available to Schwab clients.| Marotta On Money
Before you say, "Oh, that doesn't sound too hard," you simply haven't thought of the complexity.| Marotta On Money
Furthermore, it is difficult for clients to locate the full account number through simple clicking around the online portal. Instead, you have to know where to look.| Marotta On Money
Schwab recommends using one of the three methods discussed in this article to fund an individual 401(k).| Marotta On Money
As fiduciaries, we are on your side to ensure that your goals are met. Protecting you from elder fraud is just one of the many services we can offer as a part of comprehensive financial planning.| Marotta On Money
Archive : Dark Side of Financial Services| Marotta On Money
Protecting you from elder fraud is just one of the many services we can offer as a part of comprehensive financial planning.| Marotta On Money
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.| Marotta On Money
By decoupling your standard of living from the size of your income, you have taken the first step toward financial freedom.| Marotta On Money
You have until April 15 (or October 15 with an extension) of the next year to finish up your prior year SEP IRA funding.| Marotta On Money
This Schwab checking account provides six impressive services not true for most local banks.| Marotta On Money
Beneficiary designations directly to your heirs are a cleaner estate planning solution.| Marotta On Money
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.| Marotta On Money
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?"| Marotta On Money
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.| Marotta On Money
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.| Marotta On Money
One of the most common estate planning mistakes is a plan that is implemented incorrectly. Your estate plan is only worth the paper it is printed on unless you follow through on titling your assets correctly and updating your beneficiary designations.| Marotta On Money
How often did it pay to heed the star rating? Most of the time, with a few exceptions. Is there a better method to use?| Marotta On Money
The expense ratio charged by your funds matters more than you may realize.| Marotta On Money
It is better to begin somewhere than not start at all.| Marotta On Money
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.| Marotta On Money
A gone-fishing portfolio is a portfolio of just a few stocks which should weather the ups and downs of the market fairly well while only rebalancing twice a year.| Marotta On Money
A gone-fishing portfolio is a portfolio of just a few stocks which should weather the ups and downs of the market fairly well while only rebalancing twice a year.| Marotta On Money
Archive : Investment Decisions and Review| Marotta On Money
We recommend this gone-fishing portfolio for investors with brand loyalty to Vanguard.| Marotta On Money
This gone-fishing portfolio is our default portfolio which can be used at any custodian.| Marotta On Money
A review of last year's 2014 gone fishing portfolio returns.| Marotta On Money
Three generations explain this family saying which teaches one method of mitigating risk.| Marotta On Money
Even the most brilliantly crafted investment plan has to be given time to work.| Marotta On Money
This quarter, we saw that in 1-year returns ending December 31, 2023, Developed Freedom Investing had a -3.97% disadvantage, Emerging Market Freedom Investing had a +4.9% advantage, and Overall Freedom Investing had a -1.27% disadvantage.| Marotta On Money
Resource stocks represent one of the most interesting collections of diverse indexes as they do not always move in sync with one another.| Marotta On Money
Five principles from analyzing the last decade of returns.| Marotta On Money
Archive : Marotta’s Gone-Fishing Portfolio| Marotta On Money
We are constantly reviewing our portfolios' asset allocations in order to bring them more in line with our Investment Committee's best practices. Here is a summary of our recent changes.| Marotta On Money
A gone-fishing portfolio is a portfolio of just a few stocks which should weather the ups and downs of the market fairly well while only rebalancing twice a year.| Marotta On Money
You can easily update your contact information online through Schwab Alliance.| Marotta On Money
This designation gives both Schwab and your financial advisor the permission to contact the named individual if either of us were ever concerned that you or your finances were being taken advantage of.| Marotta On Money
This quarter, we saw that in 1-year returns using the dynamic tilt and ending June 30, 2024, Developed Freedom Investing had a -0.14% disadvantage, Emerging Market Freedom Investing had a -0.02% disadvantage, and Overall Freedom Investing had a +0.36% advantage.| Marotta On Money
While it is possible a trusted contact may provide you with some protection, it cannot replace a durable power of attorney.| Marotta On Money
Although you can have second generation beneficiaries, the first non-spouse designated beneficiary is the last one to receive a new RMD divisor calculation.| Marotta On Money
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.| Marotta On Money
Archive : Required Minimum Distributions| Marotta On Money
There is unique tax planning involved though when an age 70 1/2 IRA owner was younger than the beneficiary.| Marotta On Money
Estate planning is a task which is never useful until it is too late to do it.| Marotta On Money
On June 2024, Schwab provided an update about viewing and taking your RMD on Schwab.com.| Marotta On Money
There are no financial hooks, termination fees, or such imposed by our firm.| Marotta On Money
I think the intent of this list is to make advisors feel under-prepared and thus more likely to sign up for one of the paid newsletters Ed Slott provides. Regardless, here are my answers.| Marotta On Money
While you may think that the account owner needs to stay the same, you can easily change the account owner.| Marotta On Money
We agree with Kleintop's assessment that valuations suggest that international equities are poised for more gains.| Marotta On Money
The CFP Board is compensation neutral, but it is only because of how they are paid.| Marotta On Money
This simple example demonstrates the importance of expense ratio.| Marotta On Money
Biden's state of the union address makes clear who he wants to tax.| Marotta On Money
For our standard gone-fishing portfolio, we made two changes.| Marotta On Money
This gone-fishing portfolio is our default portfolio which can be used at any custodian.| Marotta On Money
We recommend this gone-fishing portfolio for investors with brand loyalty to Vanguard.| Marotta On Money
Last year, our 2023 Marotta’s Gone-Fishing Portfolio was a recommendation of 12 stock investments. This article is to report on the 2023 performance of those twelve stocks.| Marotta On Money
