How do I make a single (non-recurring) deposit to my WealthStep account:

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8 years ago

For WealthStep 401k: Contact your HR department to see if your plan allows non-recurring contributions from your paycheck. This is more commonly possible for catch-up contributions. Or, change the deferral percentage online (or on form) and then change it back after the one contribution.

For WealthStep Direct: Deposit the cash directly to your WealthStep account at Charles Schwab or log in to SchwabAlliance.com and set up a “moneylink” to “pull”/transfer the intended amount from the appropriate account (call Schwab if you need assistance). WealthStep will monitor your account and invest the new cash accordingly, and timing may depend on the size of the deposit (e.g. small deposits may be scheduled for implementation later to minimize transaction costs). For larger deposits (e.g. over $50,000), contact WealthStep for processing assistance. Schwab is currently the custodian bank WealthStep utilizes for WealthStep Direct accounts. WealthStep has no financial connection with Schwab, nor any incentives or rewards for using Schwab.

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