Am I eligible to contribute to a Roth IRA?
Roth IRAs have income limits. You can contribute to a Roth account if:
Though target date funds may make long term investing easy, the products themselves are not so simple. Target date funds treat large groups of people as having the same risk tolerance and time horizon even though they may expect retirement 5 years apart and have very different risk tolerances.
FutureAdvisor Premium is able to take a more tailored approach, we use our algorithm to create a low cost portfolio based on your time horizon, risk tolerance, tax situation, and account types.
Your risk tolerance and time horizon helps us determine your unique asset allocation. Then, our algorithm evaluates your portfolio every day and we have the ability to rebalance as necessary.
We are able to evaluate your unique tax situation and do tax efficient placement of assets in your taxable and tax sheltered accounts.
Finally, FutureAdvisor offers an additional layer of service in the event a client has a question about their accounts or overall investment goals. Mutual funds don’t offer this level of service even though they may be even more expensive in many cases.
However, we do often recommend target date funds to use in your 401(k) or in smaller accounts, since they don’t require manual rebalancing, and can be very efficient for small investment amounts.
- Are you registered with the U.S. Securities and Exchange Commission?
- What types of investment products do you support?
- I can't find any contact information -- can I speak to a human?
- Where do you get your data for employer-sponsored retirement plans?
- Why do you ask for my age and expected retirement age?
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- Why do you recommend selling a fund that has performed well in the past?
- Should I switch to Roth contributions in my 401(k)?
- Why do you recommend buying VEA in a tax-sheltered account?
- How do I determine my risk tolerance?
- Why are you recommending an ETF that has mediocre or even poor performance?
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- Does FutureAdvisor provide tax advice?
- Do you take taxes into consideration when allocating between taxable accounts and retirement accounts?
- Your choices when rolling over a 401(k) containing employer stock
- What is a Backdoor Roth? Is a Backdoor Roth IRA right for me?
- Your options for tax efficient educational savings
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- Do I need to transfer my accounts?
- Can I transfer one account type into another account type (ex: Roth to an Individual)?
- How long will it take to transfer my money during enrollment?
- Do I have to liquidate my funds in order to transfer them?
- Should I consider taxes when liquidating funds prior to transferring them?
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- How is FutureAdvisor’s management fee charged?
- What fees can FutureAdvisor help me reduce or avoid?
- Is FutureAdvisor's Premium management fee included in the retirement projections on my dashboard?
- Can FutureAdvisor's management fee be paid by credit or debit card?
- Why do I have such a high fee score on my dashboard?
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- Can FutureAdvisor place specific trades that I request in my account?
- I am holding a Mutual Fund or ETF that I really like, can I hold on to it?
- Will I be able to place my own trades in the accounts that you manage for me?
- How does the algorithm decide how and what to invest in?
- If I sign up, will you do anything other than make the recommended trades you've shown me?
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- I already have a 529 plan. Can I roll it over for FutureAdvisor to manage?
- Can I sign up for an education account if I'm already a Premium client?
- Why do you feature the New Hampshire 529 Plan if I’m not living in that state?
- What is the difference between a 529 and a Coverdell? Which does FutureAdvisor recommend?
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