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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March 2018
    Women & Money, Investing
February 2018
    Investing, Lifestage Based Planning
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    Estate Planning, IRAs, Taxes, End of Life
How do I control the disbursement of assets upon my death?
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These are not easy conversations or decisions. I applaud you for your proactive approach. Of course, my recommendation would be to consult with a qualified estate planning professional to establish a trust. You can create a testamentary trust, meaning one that would be funded upon your passing. In your trust, you can appoint a trustee(s) and designate your daughter as the primary beneficiary. The trust can provide protection against creditors and predators. Some estate planning attorneys may suggest a statement of non-inclusion as a beneficiary as well. As far as your other question is concerned,  a stretch IRA allows your beneficiary to satisfy Required Minimum Distributions (RMD) based on his/her life expectancy; thereby mitigating the impact of taxes an extending the tax-deferred status of your IRA. It is important to discuss the advantages and disadvantages of the various options. Good luck.

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