Roth brokerage transfers into sweep fund.

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mrc
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Joined: Sun Jan 10, 2016 6:39 am

Roth brokerage transfers into sweep fund.

Post by mrc » Tue Jan 09, 2018 9:23 am

My first time using a brokerage-type account for a Roth (Fidelity). Don't forget when you transfer funds to your Roth account, the funds are deposited into your sweep fund (e.g., a money market). After the transfer settles, you must then transfer the new contribution from the sweep fund into your desired mutual fund(s). I could easily see forgetting to do that and leaving funds in a money market.
If it’s not long term it’s small talk

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