Marguerita M. Cheng

CFP®, CRPC®, RICP, CDFA
Retirement, Investing, Lifestage Based Planning
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43
Articles
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“Marguerita M. Cheng is passionate about ensuring that her clients have clarity and confidence about planning for their financial future.”
Firm:

Blue Ocean Global Wealth

Job Title:

Certified Financial Planner

Biography:

Marguerita M. Cheng is the Chief Executive Officer at Blue Ocean Global Wealth. Prior to co-founding Blue Ocean Global Wealth, Marguerita was a Financial Advisor at Ameriprise Financial and an Analyst and Editor at Towa Securities in Tokyo, Japan. Marguerita is a spokesperson for the AARP Financial Freedom Campaign and a regular columnist for Kiplinger. She is a CFP® professional, a Chartered Retirement Planning CounselorSM, a Retirement Income Certified Professional® and a Certified Divorce Financial Analyst.

As a Certified Financial Planner Board of Standards (CFP Board) Ambassador, Marguerita helps educate the public, policy makers, and media about the benefits of competent, ethical financial planning. She serves as a Women’s Initiative (WIN) Advocate and subject matter expert for CFP Board, contributing to the development of examination questions for the CFP® Certification Examination. Marguerita also volunteers for CFP Board Disciplinary and Ethics Commission (DEC) hearings. She served on the Financial Planning Association (FPA) National Board of Directors from 2013 – 2015 and is a past president of the Financial Planning Association of the National Capital Area (FPA NCA).

Marguerita studied at Keio University in Tokyo, Japan, and earned her B.S. in Finance and her B.A. in East Asian Language and Japanese Literature from the University of Maryland, College Park. She is a recipient of the Ameriprise Financial Presidential Award for Quality of Advice and the prestigious Japanese Monbukagakusho Scholarship.

Marguerita’s mantra is “So many people spend their health to gain wealth, and then have to spend their wealth to regain their health” (A.J. Reb Materi).

Education:

BS, Finance, Keio University
BA, East Asian Language & Japanese Literature, University of Maryland

Fee Structure:

Fee-Based
Commission

CRD Number:

3149803

Insurance License:

#RPI123005

Videos
  • Why I AM Different - Rita Cheng
  • Three Cs of Financial Planning - Rita Cheng
  • See all videos on Guidevine »
  • Laura Virili Interviews Marguerita Cheng, CEO, Blue Ocean Global Wealth
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July 2016
    Financial Planning, Personal Finance, Women & Money
July 2016
    Personal Finance, Women & Money
March 2017
    Debt, Personal Finance
May 2017
    Investing, Starting Out
April 2017
    Asset Allocation, Financial Planning, Investing

All Answers
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    Investing, End of Life
How should my wife and I go about withdrawing our investments?
100% of people found this answer helpful

I applaud you for thinking about ensuring that your wife can have a sustainable retirement income strategy as you age. I am not certain of your present age, but the timing and coordinating of Social Security benefits can increase guaranteed retirement income for the both of you. Second, while the 4% rule is a guideline and you want to ensure that you don't withdraw more than a certain amount each year, make sure that you neither invest too conservatively nor too aggressively in retirement. Think Goldilocks. You will need make sure that you address longevity risk, market risk, inflation risk and interest rate risk. Lastly, to ensure that you don't withdraw assets too rapidly,  plan for increased medical expenses or a long-term care event in retirement. A downtown in the financial markets can cause your assets to decrease in value, but a long-term care event can have a devastating effect on your retirement portfolio. 

Good luck to you and kudos to you for being proactive.

last month
    Debt, Pensions
Will unlocking pension funds impact my weekly Employment Insurance (EI) benefits?
100% of people found this answer helpful
2 days ago
    Social Security, 401(k), Tax Deductions / Credits
What constitutes earned income when it comes to a Social Security benefit reduction?
100% of people found this answer helpful
August 2017
    Retirement
What are the rules for retirement money being passed down after death?
100% of people found this answer helpful
September 2017
    Marriage / Divorce, IRAs, Real Estate
Can I use $20K out of my IRA for our first house without the 10% penalty?
93% of people found this answer helpful
March 2016