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Thankfully, the IRS does not care what specific day you were born on, only which year.

Depending on how you initiated the lump sum rollover, you may be in luck.

If you want to take our word for it, you can schedule your monthly RMD for the 8th. If you are curious as to the calendar math that suggests this date, read on.

At the end of the year, you want to have something to show for all of your hard work.

We write frequently about the value of having a fee-only fiduciary as your financial planner. In this article, I compiled others’ voices on this same issue.

Even Fidelity says that their Secure Message Center is hidden and they should have a tutorial to find it.

As part of SECURE Act 2.0 legislation, an Individual Roth 401(k) plan is a new account registration type available to Schwab clients.

On June 2024, Schwab provided an update about viewing and taking your RMD on Schwab.com.

Our recommendation is to keep money that may be needed within the next six months invested in a money market fund.

If closing an account at Schwab is in line with your goals, take comfort in knowing that you are able to close your accounts at Schwab without losing access to your important documents.

Within employer-sponsored retirement plans, there are special provisions for employees (not owners) who continue to work beyond their typical required beginning date.

Once you’ve open an HSA and have started making contributions, it is important that you set beneficiary designations on the account.

The IRS has very limited case law on what constitutes a substantially different fund. However, here is what we do in our own trading.

Some investable assets in the name of the child can currently keep $2,300 of unearned income from the tax rate of the parents.

If you have this fringe employer or former employer benefit, I hope you are able to take advantage of making small Roth IRA contributions throughout your retirement.

By adding a little complexity and blending a portfolio of VTI and VXUS, you create the opportunity for three layers of benefits.

Once you have a smart phone, you can prevent the ringer from ringing unless the person calling you is listed in your phone. This article explains how to silence unknown callers on an Android phone.

If you’re thinking about buying an I Bond, make sure it fits properly into your financial plan, and you aren’t just chasing the high interest rate.

If you are still in your 60s, the good news is your decision doesn’t have to be permanent. You actually have two ways in which you can change your benefit amount.

With the grandparents as the owner rather than the parent, the student may have a better chance of receiving financial aid.

What will happen to all the money I have saved for her college expenses now that she doesn’t need it?