Account types of account title and accounting PDF

Preview

Summary

all about nothing and another nothing all or nothing and more so yeah swag description yeah...

Description

Goal Setting Vanguard and Wealthfront both offer goal planning and tracking, but Wealthfront has a clear edge. Wealthfront’s planning tools are excellent. The dashboard displays your assets and liabilities, giving you a quick look at the likelihood of attaining your goals. The company connects to Redfin to help prospective homeowners determine how much a school will cost in their desired neighborhood. College savings scenarios have cost estimates for numerous U.S.-based universities, and expense projections include not just tuition, but room and board as well as other costs. You even determine how long you could take a sabbatical from work and travel while still making other goals work. There’s a wedding planning goal, and a database that tells you how much your ideal car will cost. At Vanguard Personal Advisor Services, the site provides ample goal planning resources that include checklists, how-to articles, and calculators. Clients can apply these tools to estimate their total costs of retirement, perform a top-down review of assets, and plan major life goals that include college savings, home ownership, or a rainy day fund. Long-term forecasts and recommendations in the account interface coach clients on how to better meet investing objectives based on life situations and goals outlined during the lengthy onboarding process. The client can make changes at any time by altering the risk profile.

Retirement Planning Both Wealthfront and Vanguard Personal Advisor Services offer a few options for retirement accounts, including traditional and Roth IRAs, SEP IRAs, and 401(k) rollovers. At Wealthfront, the robo-advisor uses your information to estimate your net worth at retirement and what you could comfortably spend per month during your golden years. Their Path planning tool helps you compare your projected retirement income against your current spending habits so you’ll be able to see whether you can maintain your lifestyle later. You can change various inputs such as retirement age, savings, target retirement spending and life expectancy to see how they affect the outcome. Vanguard’s website features an impressive variety of tools and calculators to help clients figure out how much money needs to be set aside to reach goals (such as retirement) within realistic time frames.

Account Types

Wealthfront and Vanguard Personal Advisor Services offer a similar mix of taxable and retirement accounts. Here again, however, Wealthfront has a wider offering, with 529 college savings plan accounts being a key difference. At this time, neither Vanguard nor Wealthfront offer custodial accounts known as Uniform Gift to Minors Act (UGMA) or Uniform Transfer to Minors Act (UTMA) accounts. Wealthfront account types:        

Taxable accounts (individual, joint, and trust) Traditional IRA accounts Roth IRA accounts SEP IRA accounts (for the self-employed and small businesses) IRA transfers 401(k) rollovers 529 college savings plan accounts High-interest cash accounts (individual, joint, trust)

Vanguard Personal Advisory Services account types:      

Taxable accounts (individual, joint, and trust) Traditional IRA accounts Roth IRA accounts SEP IRA accounts (for the self-employed and small businesses) IRA transfers 401(k) rollovers...