iDeCo annual payment

[RetireJapan]

This came up in another thread, but I think it deserves its own.

Anyone doing one annual payment for iDeCo? Seems to be possible through Rakuten at least (and likely other brokers). Benefit is you save on 11 months' fees, drawback is if something goes wrong you lose that year's allowance...

https://www.rakuten-sec.co.jp/web/info/ ... 08-01.html

[Wales4rugbyWC23]

This came up in another thread, but I think it deserves its own.

Anyone doing one annual payment for iDeCo? Seems to be possible through Rakuten at least (and likely other brokers). Benefit is you save on 11 months' fees, drawback is if something goes wrong you lose that year's allowance...

https://www.rakuten-sec.co.jp/web/info/ ... 08-01.html

Nice to know, I like the monthly discipline of paying for the iDeCo, it also smooths out the yo-yo like movements in stock markets.

[Tsumitate Wrestler]

A lump sum of 816000, would be difficult to sit on to save a 1000 yen.

I 100% treat iDeco like a bill now, and actually panicked about my savings rate the other day, forgetting that iDeco and tsumitate were not in fact "bills", and I was doing fine.

I think monthly contributions form good habits, and a forced "sudo-DCA" helps us forget the volatility of the marks.