Most of the 401k/403b/457 and IRA contribution limits will stay the same in 2021. Some of the income limits will increase slightly.
401k and IRA contribution limits are adjusted for both inflation and deflation. If we have bad enough deflation, the limits can go lower.
Transferring part of an IRA from a broker to a credit union for a CD is easier than you think. My transfer completed in a little over a week.
Charles Schwab and Fidelity made it really fast and easy to rollover a 401k to an IRA. The whole process completed in only two days.
Fidelity Freedom Index Funds offer deposit-and-forget convenience with low cost, broad diversification, and automatic rebalancing.
If your kids work, seize the opportunity to open a custodial Roth IRA for them.
Schwab has two sets of target date funds. Look for the word Index in the name.
If you accidentally contributed to the wrong IRA at Vanguard, you can follow these steps to recharacterize the contribution.
A graphical illustration for what happens when you recharacterize an IRA contribution or conversion.
A graphical illustration of what happens when you do a Roth IRA conversion.
The qualified HSA funding distribution is practically useless.
Can you contribute to your adult children’s Roth IRA? Yes, but …