Welcome to the Rock Martin Private Wealth Management blog! Here we will share our thoughts on investing, financial planning, and life in general. We'll store previous articles and videos here so you can go back and find older content.
Deducting Your Gambling Losses?
With online gambling exploding in popularity, we’d like to provide some clarity on the tax implications. Most people believe they can offset their gambling winnings with gambling losses. While...Read More
Tax Tip Tuesday
Itemizing vs Standard DeductionEven though you may save on taxes in year one, there are times when itemizing will cost you more over a two year time frame. Join Marty as he explains how this process works:Tax Tip...Read More
Upside, No Downside?
Upside, No Downside? You've likely heard the phrase "market participation without downside risk". This is usually in reference to an investment or contract that tracks a certain index, like the...Read More
SECURE Act 2.0: Opportunity for Business Owners
If you own a small business, or know someone who does, SECURE Act 2.0 is worth being aware of. Put into law at the end of 2022, the act has given business owners unprecedented opportunities when it comes to retirement plans. Check out...Read More
How do Financial Advisors get paid?
Rock Martin Private Wealth Management is happy to announce the start of our brand new Youtube channel: youtube.com/@rockmartinwealthOur goal with this channel is to educate on a range of topics in the financial planning...Read More
Finding Balance: 2023 Outlook
2023 Outlook presented by LPL ResearchRead More
Catch-Up Contributions Increased
In 2023, participants age 50 and older can contribute an extra $7,500 per year annually into their 401(k) account. This amount will increase to $10,000 per year (indexed for inflation) starting in 2025 for participants age 60 to 63....Read More
Social Security 2023 COLA Increase Kicks In
While you probably already found your notice in the mail, you may be curious about the COLA increase happening for Social Security recipients in the New Year. Starting in January, beneficiaries will see an 8.7% increase to help offset...Read More
Investing In Uncertain Times