Wealthy Habitat

Words explained

custodian

A financial institution like a bank or brokerage that holds and manages your IRA or HSA on your behalf. They handle the paperwork and keep your money safe while you decide how to invest it.

Where it is explained in full

Workplace plans: the 401(k), the 403(b), and the TSP, from the first paycheck to the last. Everything a person needs to open one, fill it, hold the right things in it, avoid the traps, and carry it with them when they leave. Long on purpose, so that one page is enough.

A definition says what a thing is; it never says whether it fits you. The guides explain how it works and name the professional who confirms it for a particular person. The No Advice Disclosure.

Ask about custodian

A model reads this page and answers from it. It will say when the answer is not on the page. Education, not personalized advice.