Newsletter Archive

Marotta On Money - October 05 Newsletter


Retirement Planning

How to Correct Excess Roth IRA Contributions (10-04-2015)

IRS rules are confusing and confused. Taking advantage of all the different types of accounts can result in great tax savings. It can also result in making mistakes. One common mistake is to contribute more than you are allowed to your Roth IRA. Contribution limits for Roth IRAs are currently $5,500 per person. You can contribute an additional $1,000 if you are 50 or older. That being said, there are several reasons why you might not be allowed to contribute the full amount. Fist, you must have enough earned income to justify your contribution.
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In The News

U.S. Growth Stocks Stand Their Ground in 2015

The year 2015 has thrown a few punches to investors. Through the end of August, the U. S. markets are down 2. 56% and foreign markets are down even more. In the United States, almost every asset class is in the red, except for growth stocks.
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Economic Lessons from Chess (10-03-2011)

I love strategy games. Many people dismiss games as a waste of time. But at their best they teach principles of cause and effect that we can use as paradigms for real life. Of course, some games are better than others. Market games like the CNBC Million Dollar Portfolio Challenge teach all the wrong lessons about investing. Short-term movements are mostly noise. Therefore 10-week winner-take-all market contests encourage diversifying as little as possible and purchasing the most volatile investments. Chess encourages a much longer strategic approach. My interest in chess began when I was only four years old.
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