Marguerita M. Cheng

Marguerita M. Cheng is the CEO and Co-Founder of Blue Ocean Global Wealth. She is a candid and passionate supporter of financial literacy and capability and is quoted and featured in numerous national publications. As a CFP Board Ambassador, Marguerita helps educate the public, policy makers, and media about the benefits of competent, ethical financial planning. She also teaches financial planning and investment management at the Personal Finance Institute at George Mason University, where she helps educators enhance their understanding of economics and personal finance. Prior to co- founding Blue Ocean Global Wealth, she was a Financial Advisor at Ameriprise Financial and an Analyst and Editor at Towa Securities in Tokyo, Japan. She 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. Marguerita is a recipient of the Ameriprise Financial Presidential Award for Quality of Advice and the prestigious Japanese Monbukagakusho Scholarship.


Ask an Expert: Should I still use a 529 plan to save if I am unsure of my child's higher education plans?

Parents often delay opening a 529 account because of uncertainty regarding their child's plans for higher education. Marguerita Cheng of Blue Ocean Global Wealth explains how parents can still benefit from 529 plans even if their child doesn't end up needing the funds.


Ask an expert: Can I use 529 plan funds to pay for college and get the American Opportunity Tax Credit?

The IRS rules regarding the coordination of 529 plan withdrawals and education tax credits can get a little tricky. Marguerita Cheng elaborates on this frequently-asked question.


Ask an expert: How can I move my funds from one 529 plan to another without incurring taxes?

There are many reasons for considering a change in 529 plans. Marguerita Cheng of Blue Ocean Global Wealth explains how to transfer funds from one 529 plan to another without incurring tax consequences.


Ask an expert: Can I claim any higher education tax benefits for a non-dependent child?

As the deadline to file your taxes draws near, Marguerita Cheng of Blue Ocean Global Wealth offers an answer to this frequently-asked question concerning higher education tax credits.

More Authors


Reset email successfully sent.
Please check your inbox.

page loadtime mark