Banks and brokers operate differently. Money in a brokerage account isn’t insured by the FDIC but it’s safer than uninsured deposits at a bank.
Latest Blog Posts
Get Rid of Estimated Tax Payment Vouchers from TurboTax
Seeing estimated tax payment vouchers (Form 1040-ES) from TurboTax doesn’t mean you must pay estimated taxes now. You can remove them to avoid confusion.
Opt Out of Underpayment Penalty in TurboTax and H&R Block
Decline the help from tax software in calculating the underpayment penalty. Let the IRS calculate the penalty and bill you when necessary. They often won’t.
One 1099-R Form for Two Rollovers in TurboTax and H&R Block
How to enter a combined 1099-R form for two rollovers in the same year to both Traditional IRA and Roth accounts in TurboTax, H&R Block, and FreeTaxUSA.
Deliver I Bonds Bought as a Gift in TreasuryDirect
It’s time to deliver the I Bonds you pre-purchased as a gift last year. The owner can edit the registration and grant you rights after you deliver it.
How to Enter 2023 Mega Backdoor Roth in FreeTaxUSA (Updated)
Follow these easy step-by-step explanation with screenshots when you enter the 1099-R form for your mega backdoor Roth into FreeTaxUSA.
Fidelity Retirement Planning Tool: High-Level Model, Not Tactical
Fidelity’s retirement planning tool shows how much leeway you have and what moves the needle. It isn’t designed to give year-by-year tactical guidance.
Fidelity Full View + GPS: Track Your Portfolio Across All Accounts
Fidelity Full View gives a global view of your entire portfolio at Fidelity and elsewhere. It feeds into Fidelity GPS for a more in-depth analysis.
Security Hardware for Vanguard, Fidelity, and Schwab Accounts
Get off SMS text message codes and stop using your phone for login security. Buy hardware tokens and keys to protect your investment accounts and email.
How to Manage a Family Member’s Fidelity or Vanguard Accounts
Financial institutions often don’t recognize your Power of Attorney. Follow this process to authorize access to your Fidelity and Vanguard accounts.