When you invest in one stock, you are invested in one company. When you invest in one mutual fund, you could be invested in 100s to 1000s of companies, therefore spreading your risk as compared with...
Read MoreMutual funds allow you to own anywhere from several stocks and bonds to thousands of stocks and bonds. Owning one funds instead of (for example) 500 in the S&P 500, results in significantly lower...
Read MoreMost people relate to bonds like they’re a very secure investment and it’s true that the price of a bond doesn’t move as much (less volatile) as stocks. But when you look at bonds from a long-term...
Read MoreNo, you can’t. You can only deduct losses from a non-retirement account like a Joint, Trust, or Individual account from your taxes...
Read MoreWhen you put money into your 401(k), those dollars are not included in your taxable income – therefore going in pre-tax. When you put money into your IRA, assuming you are under the income thresholds...
Read MoreNo, but there are limits on the amount you can contribute. Rollover means to move money from a 401(k) or 403(b) or 457 to an IRA...
Read MoreYou can’t contribute to your IRA in the year you turn 70 ½ and beyond, unless you’re still working. There are no age limits to contributing to your Roth IRA, so long as you have earned income...
Read MoreIn practice, you probably shouldn’t. IRA contributions made when you have a retirement plan at work are probably going to be considered “non-deductible”. By doing this, you open yourself up to extreme...
Read MoreYes, as long as you are below the income requirements. The maximum COMBINED amount you can contribute is a total of $5,500 ($6,500 if you’re over 50). Sorry, you can’t contribute $5,500 into each...
Read MoreSince your IRA and 401(k) are under your Social Security Number, you cannot combine them with your spouse’s IRA or 401(k). You can consolidate your own accounts, but you can’t combine them with...
Read MoreYou can review your investments by going to our home page and clicking login at the top right. My Advisor Center will show you your accounts at Schwab. eMoney will show you all of your accounts...
Read MoreNo, there isn’t.
Read MoreYou may consider converting some or all of your IRA if you have more than ½ of your retirement accounts in your IRA and can/want to pay the taxes on the amount you convert. Remember that Roth...
Read MoreTo max out your 401(k) is to put in the maximum amount of money each year that the Federal government allows. This amount for 2018 is $18,500 and if you are 50 or over, you can contribute an...
Read MoreThe following account types are available through Ignite Investing: Traditional IRAs, Roth IRAs, Rollover IRAs, Joint and Individual accounts. Below are lists of account types you might find available to you...
Read MoreYou should roll your account balance over to an IRA when you leave an employer so that you’re aggregating your retirement accounts in one IRA account that isn’t attached to an employer. You want...
Read MoreThe long-term goal for most people is to have a Roth IRA/Roth 401(k) and a Traditional IRA/401(k). So that when the time comes to start withdrawing money from your retirement accounts for income, you...
Read MoreYou have THREE places you can access your accounts online – each delivers account information a bit different than the others. To access your new portals, you will need to have the following information...
Read MoreYou’re able to save more in your 401(k) ($18,500 in 2018 plus an additional $6,000 if you are over 50) each year than you can in your IRA or Roth IRA ($5,500 plus an additional $1,000 if you are over 50)...
Read MoreIf you have assets that you would like your heirs to avoid Probate, you might consider a trust. If you will be leaving assets to minor children - or even to adult children who may not be financially mature...
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