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”...
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...
How to Rollover Your Old 401(k) to MyRoboAdviser™ Have you switched jobs recently or a while back and are wondering what to do with your old 401(k)? Worry no more and rollover your old 401(k) to a 3-Dimensional MyRoboAdviser portfolio! First and foremost there is No fee...
What is a Spousal IRA? Spousal IRA’s are an effective way to save for retirement if one of the two spouses is a stay at home parent or does not have earned income. A spousal IRA is simply an IRA that is owned by the non-working...
How MyRoboAdviser™ Calculates Your Performance Return: What is a Time-Weighted Return? Time-weighted rate of return is a measure of the compound rate of growth of a portfolio. It is often the preferred measure of a portfolio’s return over dollar-weighted return, because it eliminates the distorting effects on...
What is a Roth Conversion? A Roth conversion is the process when you convert your Traditional IRA to a Roth IRA. You generally will have to pay ordinary Income taxes on the amount that is being converted into a Roth IRA but doing so will allow...
What is SmartDeposit? Smart deposit is an automated cash investment tool that helps you optimize the amount you invest with the amount of cash you hold in your checking account with which you use to pay bills. This enables you to maximize your investments as well...
Limitations for contributions: Anyone under the age of 70 ½ and who has earned income is able to contribute to a Traditional IRA. However, the tax deductibility of those contributions depends upon an individual’s income level and if the individual, or their spouse, has access to...