Archive - November 2017

1
5 Tips to Protect Yourself from Identity Theft
2
Social Security Changes for 2018
3
How To Double Your Money As Quickly As Possible
4
Details of Proposed Tax Reform
5
What Advantages Do Exchange-Traded Funds (EFTs) Have Over Mutual Funds?

5 Tips to Protect Yourself from Identity Theft

FRI, NOV 10th, 2017

With the recent Equifax security breach which affected approximately 145.5 million consumers, here are 5 things you can do to help protect yourself from identity theft:

1. Get a free credit report every year from each of the 3 major reporting agencies (Equifax, Experian, and Transunion). You can stagger them to get one report every 4 months. Review the reports for accuracy to make sure there are no mistakes or fraudulent lines of credit.

2. Setup a fraud alert. A fraud alert on your credit report will notify lenders and creditors to take an extra step …

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Social Security Changes for 2018

In 2018, there will be some slight changes to Social Security. For individuals receiving benefits, there will be a cost of living (COLA) increase of 2 percent. While 2 percent may not seem like a lot, it certainly does help. Additionally, it’s better than nothing. That is, Social Security remains one of the few retirement vehicles available with a COLA. Many defined benefit pensions (if an individual is lucky to have one) do not have COLA increases. Their payments remain fixed for the retiree’s lifetime.

Individuals still working will see the wage base subject to the OASDI tax of 6.2 …

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How To Double Your Money As Quickly As Possible

After I graduated from Stanford both of my parents went back to school to become Certified Financial Planners and start Marotta Money Management in Palo Alto, California. I have the Wooden plaque from their firm hanging in my office along with their photos. The best financial training I had when starting Marotta Wealth Management was from their wisdom.

Recently, I remembered a story from my mother, June Marotta.

A client came into her office in the heart of Silicone Valley toward the end of the tech boom of the 1990s for investing advice.

“All I want to know is how

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Details of Proposed Tax Reform

The House Ways and Means Committee released draft tax reform legislation on Thursday. Titled “The Tax Cuts and Jobs Act”, H.R. 1, incorporates many of the provisions listed in the Republicans’ September tax reform framework while providing new details. Budget legislation passed in October would allow for the tax reform bill to cut federal government revenue by up to $1.5 trillion over the next 10 years, and still be enacted under the Senate’s budget reconciliation rules, which would require only 51 votes in the Senate for passage. The Joint Committee on Taxation issued an estimate of the revenue effects of …

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What Advantages Do Exchange-Traded Funds (EFTs) Have Over Mutual Funds?

Mutual funds and exchange traded funds are similar types of investment vehicles. Both allow investors to diversify their investment across a large number of securities, but their differences give exchange traded funds several important advantages.

A mutual fund is an investment fund that pools money from many different investors to purchase specific securities. Flows into and out of the fund are valued each day at the 4pm closing of the stock market. Mutual fund managers later decide what to purchase or sell within the fund.

An Exchange Traded Fund (ETF) is an investment fund that trades throughout the day like …

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