Marguerita M. Cheng

Retirement, Investing, Lifestage Based Planning
“Marguerita M. Cheng is passionate about ensuring that her clients have clarity and confidence about planning for their financial future.”

Blue Ocean Global Wealth

Job Title:

Certified Financial Planner


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).


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

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    Debt, 401(k), Taxes
When taking a loan from my 401(k), is the loan before or after taxes?
81% of people found this answer helpful

Great question. 401(k) loans, unlike 401(k) early withdrawals  do not cause tax consequences when the proceeds are distributed. With a 401(k) loan, you are borrowing from your retirement funds, but you still must pay interest. The interest rate that you incur is based on the standard interest rate plus an extra one or two percent. 401(k) plans are designed to allow you to accumulate wealth on a tax-deferred basis for your retirement. Taking a loan can compromise one of the most exciting features of these plans: dollar cost averaging because you will need to make sure you have enough money coming out of your paycheck to cover the loan payment. Consequently, you may not be able to contribute as much to plan. If you do find yourself in a bind and need to  borrow from your 401(k), you will eventually pay yourself back and build up your retirement savings  and  you will pay yourself interest on a tax friendly manner.

April 2016
    Marriage / Divorce, IRAs, Real Estate
Can I use $20K out of my IRA for our first house without the 10% penalty?
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March 2016
    Social Security
Can my wife collect my social security when I die?
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July 2016
    Social Security, Taxes
If I received early social security benefits at age 62, what are the tax consequences if I'm still working?
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April 2016
    Personal Finance, Social Security
How much income can I make a year before my Social Security payments reduce?
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November 2016