Social Security 2: File Early If You Plan to Die Young (2009-03-09) by David John Marotta and Matthew Illian Social Security may be a Ponzi scheme, but it differs in one important way. Those who get paid early won’t have to give the money back. Perhaps this explains why many people choose to start...
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Government-Provided Economic Security Is an Illusion (2009-02-23) by David John Marotta The various congressional bailouts have been touted as essential to the nation’s economic security. So long as the notion of economic security remains vague and abstract, it has wide support. But anyone who examines the details should realize this so-called security threatens our...
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Safeguard #6: Recognize and avoid financial hooks (2009-02-16) by David John Marotta To safeguard your money, you must be able to extricate yourself from any bad investment quickly. Of course, the companies that sell mistakes don’t want you to be able to do that, so they use financial hooks to hold your money captive....
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Safeguard #5: Understand Your Investment Strategy (2009-02-09) by David John Marotta I often write about the importance of a financial advisor being a fiduciary and the responsibilities accompanying that legal obligation. But clients also have their part to play in financial planning. Certain responsibilities cannot be delegated to others. Understanding and maintaining your role...
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Safeguard #4: Buy Investments That Trend Upward (2009-02-02) by David John Marotta Crazy volatile markets push people toward irrational investment schemes. Methods to safeguard our investments won’t prevent loss, but ideally they will prevent us from putting our money in investments where we should have known better. Let me give you an example. There’s...
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Safeguard #3: Insist on Publicly Priced and Traded Investments (2009-01-26) by David John Marotta To protect our money, several safeguards are advisable. They aren’t always necessary, but they are certainly safer than the alternative. One of these safeguards is to insist on investing only in liquid assets. Investors undervalue liquidity 99.9% of the time....
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Safeguard #2: Walk Away from “Too Good to Be True” (2009-01-19) by David John Marotta In addition to the all-important fiduciary requirement, you should insist on several other investment safeguards. Safeguard #1: Do not allow your financial advisor to have custody of your investments. The second safeguard: Avoid any investment opportunity that sounds too...
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Safeguard #1: Do Not Allow Your Advisor to Have Custody of Your Investments (2009-01-12) by David John Marotta I was recently asked if investors should trust their financial advisors. And my short answer, you may be surprised to hear, was no. Given all the greed and deceit revealed last year in the world of...
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Compute Your Net Worth Once a Year (2009-01-05) by David John Marotta Last year’s markets took a heavy toll on your financial plan. You may have been on track at the beginning of the year, but now you must reevaluate. The storm has blown you miles off course, and not making any adjustments is...
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Financial Resolutions for the New Year (2008-12-29) by David John Marotta Every year many of us make New Year’s resolutions and then can’t follow through because we claim we’re too busy. The most common priority–if another hour can be found in the day–is to spend more time with family and friends. The second one...
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A Christmas Sermon (2008-12-22) by David John Marotta Christians celebrate the birth of Jesus on Christmas Day. But for too many of us, it’s the season that unravels the careful financial planning of the previous 11 months. So this year, instead of trading your financial goals for a mountain of gifts and debt, take...
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Financial Time Perspective (2008-12-15) by David John Marotta I was back at Stanford University recently and heard famed psychologist Philip Zimbardo lecture on his latest book, “The Time Paradox.” His work suggests that understanding your own time perspective may help you unlock the secrets of financial freedom. In other words, how we think determines...
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Owners of Second Homes: Beware of New Tax Laws (2008-12-08) by David John Marotta If you own two homes, sell the one you are living in and move into your second home as soon as possible. Tax changes taking effect on January 1 will make owning a second home much less attractive in 2009....
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When Will the Markets Stop Dropping? (2008-12-01) by David John Marotta For the many investors glued to the news, the markets appear to be dropping uncontrollably and unstoppably. It doesn’t appear rational, and they worry it could go to zero. From high to low, losses have halved account values. Waiting appears foolish, and selling...
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Dropping the Baton in Estate Titling (2008-11-24) by David John Marotta How you “title” the property you own is a lot more important than you might think. Failure to title your assets properly could undo the best will and trust planning that money can buy. And it could make a huge difference in how...
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Marotta Advisors join NAPFA Bus in Richmond, Virginia (2008-11-20) by David John Marotta Financial Organizations Are Taking Financial Education On The Road NAPFA Consumer Education Foundation, TD AMERITRADE and Kiplinger’s Personal Finance magazine join forces with local financial advisors to deliver financial education during national bus tour. The national savings rate in the United...
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Keep Christmas Your Own Way (2008-11-17) by David John Marotta In Charles Dickens’s “A Christmas Carol,” Ebenezer Scrooge calls Christmas a “humbug” because of the foolish way people celebrate it. He asks his nephew, “What’s Christmas time to you but a time for paying bills without money?” Sadly, that sounds like Christmas for many...
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Give Generously During Hard Times (2008-11-10) by David John Marotta As a response to the recent market correction, you can enrich your life in three healthy ways: Cut back your spending, increase your savings, and give more generously to charities of your choice. The first two recommendations are obvious. If your retirement account is...
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The Assault on Free Markets (2008-11-03) by David John Marotta Free markets are under assault in America. We have seen much hyperbole and slander in these past two years of political polarization. But the idea of capitalism and free markets has received more negative campaigning and vicious attack than both candidates combined. I prefer...
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Avoiding Another Lost Decade (2008-10-27) by David John Marotta Many investors are panicking. From its peak in March 2000, the major market indexes still show significant losses. Even looking back over the past 10 years provides little comfort. The news media is calling it “the lost decade.” The lament began with a front-page Wall...
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Prohibition News Economic Collapse Blog Pacific News Feed
Right.
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