Published in ThinkAdvisor on October 19, 2020

"While not a client at the time, this person was under the impression they had an active Roth IRA but this was not the case.

They had opened up the account and made a deposit but were unaware there were still a few more steps to take.

They had not made any investment selections and the money was sitting there much like a saving account.

Luckily this mistake was caught quickly, but it could have been detrimental to their goals if the money was never invested once it was deposited."

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