Good morning,
My vanguard account has a traditional IRA (old 401k), Roth and brokerage with total assets of about 650K. Now my current employer has transferred the 401k to vanguard increasing my total assets to 1.2M.
Since I'm way over the 500k SPIC limit, what should I be doing?
Furthermore, I'm going to be transferring ownership of my brokerage to a jointly owned living revocable trust. And adding the trust as the beneficiary for the rest of the accounts. How does that change things?
I'm really confused about how to deal with the SPIC limits. Any advice would be appreciated.
My vanguard account has a traditional IRA (old 401k), Roth and brokerage with total assets of about 650K. Now my current employer has transferred the 401k to vanguard increasing my total assets to 1.2M.
Since I'm way over the 500k SPIC limit, what should I be doing?
Furthermore, I'm going to be transferring ownership of my brokerage to a jointly owned living revocable trust. And adding the trust as the beneficiary for the rest of the accounts. How does that change things?
I'm really confused about how to deal with the SPIC limits. Any advice would be appreciated.
Statistics: Posted by dbadalam — Sat Mar 16, 2024 8:58 am — Replies 2 — Views 41