Prior to the internet and technology, everyone’s financial accounts were scattered across multiple institutions and when working with an advisor, you most likely had to bring an entire box full of paper statements. Nowadays, everything is online and there are multiple different websites you can utilize in order to “aggregate”...
Link to Press Release Appleton, WI January 9, 2018 -- The Endowment Index™ calculated by Nasdaq OMX® (Symbol: ENDOW) declined 9.09% (on a total return basis) for the year ended December 31, 2018. This compares to the S&P 500, which declined 4.38% for the same...
What is the behavior gap? The behavior gap is a term coined by Carl Richards to describe the difference between the higher returns that investors might potentially earn and the lower returns they actually do earn because of their own behavior. Many investors react to market...
Selling shares in your MyRoboAdviser™ non-IRA accounts is a taxable event. These sales can be triggered by a withdrawal or an allocation change. Betterment, our custodian and technological partner, has a tool called Tax Impact Preview that shows the estimated gains and losses the sale...
What is Dollar Cost Averaging? Dollar cost averaging is the practice of investing a fixed dollar amount into an investment account at set intervals, such as weekly or monthly, regardless of market activity. The dollar value invested each period will remain the same but the number...
The true value of the dollars in your retirement or investment accounts heavily depends on their location, namely what type of account it is and the tax structure of the account. You may think that a dollar is a dollar but the truth is that...
Syncing external accounts to MyRoboAdviser™ is simple and easy. To sync an external account, log in from a web browser, scroll down on the home screen and click “Sync external accounts”. Enter your financial institution and follow the steps to link your account to MyRoboAdviser™. Why...
What is a Required Minimum Distribution? A required minimum distribution is the amount that owners of tax-deferred retirement accounts must begin withdrawing from their accounts by April 1 following the year they reach age 70 ½ . RMD rules apply to tax-deferred retirement accounts including: Traditional IRAs ...
MyRoboAdviser™ has partnered with Betterment for Advisors as our technology platform to help deliver our services to you. Betterment recently redesigned their user interface, and the next time you log in, you will notice some changes. See below for a few tips that can help...
What is Two-Factor Authentication? Two-Factor Authentication is an added level of security to protect your account from theft. With this additional level of security, you’ll be required to enter a unique verification code either from a mobile authenticator application, such as Authy or Google Authenticator, or...