what is the difference between direct sold and advisor sold 529 plans?
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Direct-sold 529 plans typically have lower fees, but advisor-sold 529 plans offer unique advantages that may be worth the extra cost to some investors. Advisor-sold 529 plans are available only through licensed financial advisors, such as broker dealers or registered investment advisors (RIAs).
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It is not inherently tied to anything. Each plan is different, but in general, you are offered a series of investment options. Most are stock mutual funds, targeting sectors of the market or the market as a whole. ... So, if you choose to invest in that manner, it would be fair to say that your 401k is tied to the market.
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What is the difference between a Form 1099-INT and a Form 1099-R? The Form 1099-INT is used to report interest credited on certain contract proceeds. The Form 1099-R is used to report designated distributions of a contract's internal earnings (gain) that were previously untaxed.
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A 403(b) plan is a type of tax-deferred retirement plan that is similar to the 401(k) plans offered by many employers. Most contributions to a 403(b) plan are tax-deductible.
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The investment options for 403(b) accounts are limited to mutual funds and fixed or variable annuities. According to the IRS, custodial accounts are invested in mutual funds and retirement income accounts may be invested in mutual funds or annuities.
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A pension plan is funded by the employer, while a 401(k) is funded by the employee. ... A 401(k) allows you control over your fund contributions, a pension plan does not. Pension plans guarantee a monthly check in retirement a 401(k) does not offer guarantees.
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The tax deductible treatment of IRA and 401k fees is a bit different. If financial advisor or investment manager fees are deducted directly from an IRA or 401k, the fees are effectively paid with 100% pre-tax dollars. Essentially, they're deductible without even deducting them.
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Financial Advisors. The biggest difference between fiduciary vs. financial advisor is the standard they're held to when advising clients. Most financial advisors have to sell investments that are suitable for clients, but fiduciaries must act with a higher standard of care.
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Your fees are based on a percentage of the total assets the advisor manages for you. Mutual fund companies don't pay any commission to the advisor since you're already paying a fee. This keeps MERs lower than those for Series A units or shares.
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A Roth 403(b) plan is a 403(b) that the IRS designates as a Roth designated account. This means that Roth 403(b) plans adhere to the same contribution and withdrawal rules as Roth 401(k) accounts.
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401(k) plans are offered by for-profit companies to eligible employees who contribute pre or post-tax money through payroll deduction. 403(b) plans are offered to employees of non-profit organizations and government.
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If you went and bought a property on your own or if you partnered with friends and purchased a property under your partnership, that's direct investing. Indirect investing involves buying shares in a real estate fund, such as buying shares of a publicly-traded real estate investment trust (REITs).
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Growth mutual funds primarily invest in growth stocks. ... A direct mutual fund plan is what you buy directly from the mutual fund house whereas, a regular plan is what you buy from an advisor/broker/distributor. In case of a regular plan, the mutual fund company pays commission to the intermediary.
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The sales type lease, therefore, allows the lessor to recognize more revenue at lease inception, while the direct financing arrangement recognizes no revenue up front but then catches up as the lease progresses. In both cases, the lessee should carry the asset on its balance sheet as a fixed asset.
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The major difference between the two is that 403(b) retirement plans are offered to those working at certain tax-exempt or not-for-profit organizations (like schools, certain educational institutions or hospitals) while 401(k) plans are offered to employees at for-profit firms.
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No, that is a 401k or 403b plan, which you do not report as an IRA. Employer-sponsored plan contributions are reported on your W2, Box 12, usually with code "D" or "E." Box 1 of your W2 should be reduced by the amount of your contribution (unless it's a Roth 401k).
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With a 401(k), you control how your money is invested. Most plans offer a spread of mutual funds composed of stocks, bonds, and money market investments. The most popular option tends to be target-date funds, a combination of stocks and bonds that gradually become more conservative as you reach retirement.