Young woman shaking a man's hand, both dressed in professional clothing

Article Summary Golden handcuffs refer to benefits awarded to valued workers, either for recruiting purposes or to encourage employees to stay with the company. These are not your average benefits. Golden handcuffs are usually awarded to highly compensated employees and can include big financial incentives such as annual bonuses, stock options, company cars, or vacation […]

Tax Rules on Early Withdrawals

Are you thinking about withdrawing money from your retirement plan early? An estimated 1.5% of 401(k)s and IRAs assets leak out each year through loans, cashouts, and early withdrawals—so, you’re not alone. $26.1 trillion Total assets in retirement accounts (Source: Investment Company Institute) But how will this financial move impact your taxes and future? The […]

Retirement planning tips by age

32% Percentage of Americans on target to cover their current expenses when they retire. No matter what stage you are in life, there are tweaks available to improve your path to retirement. Whether you are just starting out or about to hit retirement, we have tips on retirement planning by age for you. This comprehensive […]

Roth IRA Vs. 529

College tuition and fees alone cost $32,088 for four years at a public university, according to the U.S. Department of Education. Go to a private university instead, and it could cost you upwards of $100,000, and that’s not even including room and board, supplies, or textbooks. $32,088 Average college tuition fees at a public university […]

donated to Hurricane Harvey relief as % of net worth

At least two major donors to the Hurricane Harvey relief effort have been criticized: Donald Trump and Ruby Rose. You probably never expected to hear these two people mentioned in the same sentence, but here’s what happened. Trump donated $1 million from his personal funds to the Hurricane Harvey relief effort. While $1 million is a […]

401(k) Contribution Limits for 2017

Most financial experts readily agree that when it comes to saving for retirement, your best bet is an employer-sponsored 401(k). If you have the opportunity to save for retirement with a 401(k) and your employer has a matching program, jump on the chance, says Doug Carey, a retirement expert and president of WealthTrace, which provides […]

How-to-Roll-Over-a-401(k)-to-an-IRA

If you’re leaving your job and have a 401(k) with your soon-to-be former employer, it’s often a good idea to take the account with you. You can do this by rolling over your 401(k) into an IRA. Considering how hard you’ve worked for the money, it pays to ensure that you make the best choices […]

David_John_Marotta

David John Marotta, CFP®, AIF®, AAMS® is the president of Marotta Wealth Management, a fee-only comprehensive financial planning practice in Charlottesville, Virginia. We had a chance to speak with David about topics ranging from retirement planning to savings to budgeting. Since you’ve founded a successful wealth management firm, could you tell us why you decided […]

fashion save splurge

After a long, frigid winter of wearing bulky coats, heavy boots, and hair-flattening hats, you are SO done with cold weather gear. You’re ready for flowers, sunshine, and balmy evening breezes. But most of all, you’re ready for bright, colorful spring and summer fashion. But before you whip out that debit or credit card or […]

How do millennials manage personal finance?

Jessica Moorhouse is an award-winning personal finance blogger, and host of the Mo’ Money Podcast. She’s featured frequently as a finance expert in The Globe and Mail, The Huffington Post, and Lifehacker, and most recently founded the Millennial Money Meetup to help promote financial literacy among Millennials. Jessica took a moment out of her busy […]