Newsletter Archive

Marotta On Money - November 15 Newsletter

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College Planning

Coping with College Expenses (11-15-2010)

An old axiom states that nothing is certain except death and taxes. But now we have to add the skyrocketing costs of a college education. According to the most recent College Board Annual Survey of Colleges, the sticker price of a college education keeps rising, faster than the price of groceries, health care and almost everything else in the basket of goods used to determine the Consumer Price Index (CPI). In the last 10 years, in-state tuition and fees at public four-year colleges increased 5. 6% annually on top of a CPI growth of 2%.
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Upcoming Events

11/16

Consider what charities to support by gifting appreciated stock

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In The News

Free Seminar: "Advantages of College 529 Plans for You and Your Grandchildren"

As part of the nonprofit NAPFA Consumer Education Foundation, we are offering a presentation titled "Advantages of College 529 Plans for You and Your Grandchildren" at the Charlottesville Senior Center at 1180 Pepsi Place, on Thursday, November 18, from 5:30 to 6:30 p.m. with a question-and-answer session to follow. The speakers are David Marotta and Matthew Illian, and the talk is free and open to the public.

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Money Questions: Am I on Track to Retire at 65? (11-12-2010)

  *Q: I’m turning 45 this year and the reality is hitting me that I am now about halfway through my working career. I have $275,000 saved in a 401(k) plan and another $125,000 in a traditional IRA. Going forward, I plan to save the maximum amount in my 401(k) every year. Am I on track to retire at age 65?* *Sincerely, * *Cresting the Hill*   Dear Cresting,  By midlife, everyone should schedule an annual physical with their doctor and routinely assess the state of their financial health.
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retirement

Retirement Planning