Retirement
What is the max you can contribute to an IRA before age 50 and after?
Before age 50 $7000
After age 50 $8000
Which department can merge client profiles ?
Account Solutions
A client called saying there is a wire transaction that they did not do. What should you do?
Complete a fraud investigation report
What is the ticker symbol for our highest paying money market with over a million.
SNAXX
What does RMD stand for and when does it start?
R- REQUIRED M- MINIMUM D- DISTRIBUTION
From retirement accounts generally begin the year an individual turns 72. However, the first RMD can be delayed until April 1 of the following year.
What are the hours for Fixed Income?
8:00am - 6:00 pm EST
Where does a client find how many day trades they have left in TOS?
They can look under Account Info!
How much does it cost for a client to send a wire?
$15.00
When is 24/5 trading available?
8:00 PM Sunday to 8:00 PM Friday EST
How much can an employer contribute in a SEP IRA in 2025?
Up to 25% of an employee's compensation, or $70,000, whichever is less
What jumpword do you use to remove options from an account ?
TRR
How can you see a client's think or swim screen without requesting access from the client?
You go in TOS Admin > Client Selector ( input cust id or acct num ) > Go to Accounts > Select the account > Click Desktop view
When can a client buy shares of Apple after sending money with MoneyLink?
Same day!
What is the ticker symbol for Schwab's dividend ETF and what does it track?
SCHD
It aims to track the Dow Jones U.S. Dividend 100 Index.
What are the key differences between Educational IRA VS 529
529 plans generally have higher contribution limits and can be used for a broader range of higher education expenses
What is the email you would use to get something mailed to a client that is on OnDemand ( archives )?
DocumentRequests@Schwab.com
How many filters can a client add to a scan?
Up to 25 filters!
What happens these are exercised
Buy Call =
Buy Put =
Buy Call = Buy stock
Buy Put = Sell stock
Can spouses have a joint IRA?
NO!
Which department do you call to transfer money in a managed account?
TRICK QUESTION ;)
You will not call another department, instead you put in an OZ request.
What is the difference in P/L Open and P/L Day?
P/L Open represents the profit or loss on a trading position since its inception, while P/L Day reflects the profit or loss on that position within the current trading day.
How much money can a client gift another person before getting taxed?
For Tax Year 2025 for individuals, gifts of up to $19,000 per year are generally free of gift tax
What state was Charles Schwab established and bonus if you know the year?
California, 1971