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Experience with rollover to Vanguard
05-16-2006, 08:48 PM
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#1
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Thinks s/he gets paid by the post
Join Date: Feb 2006
Posts: 4,872
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Experience with rollover to Vanguard
Well I'm going to consolidate as much as I can with Vanguard beacause of the fees
the mutual funds they offer and they are very customer friendly. I notice they offer a service
to help in rollovers of $100k oe more. Has anyone used this service, if so how was the experience?
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“So we beat on, boats against the current, borne back ceaselessly into the past.”
Current AA: 75% Equity Funds / 15% Bonds / 5% Stable Value /2% Cash / 3% TIAA Traditional
Retired Mar 2014 at age 52, target WR: 0.0%,
Income from pension and rent
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Re: Experience with rollover to Vanguard
05-16-2006, 09:43 PM
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#2
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Dec 2004
Location: the City of Subdued Excitement
Posts: 5,588
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Re: Experience with rollover to Vanguard
Vanguard helped me with all of my rollovers. No problems. Your mileage may vary, but is really very simple.
Good luck!
Ed
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I have outlived most of the people I don't like and I am working on the rest.
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Re: Experience with rollover to Vanguard
05-17-2006, 04:51 AM
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#3
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Full time employment: Posting here.
Join Date: Jul 2005
Posts: 588
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Re: Experience with rollover to Vanguard
Funny you ask :P. I am doing an in-kind rollover (transferring funds and stocks without liquidating) to Vanguard. I wasn't aware of the special service you mentioned.
I am not exactly clear on this but Vanguard uses a clearing house (Pershing?) to transfer accounts and there is this ACAT setup for doing in-kind transfers all electronically provided that both institutions have ACAT in place. We transferred three accounts. One made it just fine but the two in-kind transfers got hung up due to miscommunication between Pershing and our current Brokerage. I made bunch of calls to Vanguard and my Brokerage, and Pershing is now resubmitting the transfer request.
No system is perfect all of the time.
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Re: Experience with rollover to Vanguard
05-17-2006, 07:47 AM
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#4
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Dec 2003
Location: Losing my whump
Posts: 22,708
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Re: Experience with rollover to Vanguard
Smooth and sweet. They sent me the paperwork all filled out, I just signed and sent it back, and some reasonable amount of time later it was done with no problems.
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Be fearful when others are greedy, and greedy when others are fearful. Just another form of "buy low, sell high" for those who have trouble with things. This rule is not universal. Do not buy a 1973 Pinto because everyone else is afraid of it.
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Re: Experience with rollover to Vanguard
05-17-2006, 10:33 AM
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#5
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Recycles dryer sheets
Join Date: Nov 2004
Posts: 283
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Re: Experience with rollover to Vanguard
We rolled over two IRAs to Vanguard, one a 403b and the other was an IRA held by a high cost house. No problems with either.
JohnP
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Life is what happens while you are making other plans... John Lennon...
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Re: Experience with rollover to Vanguard
05-17-2006, 10:43 AM
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#6
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Thinks s/he gets paid by the post
Join Date: Feb 2003
Location: Nomadic in the Rockies
Posts: 2,720
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Re: Experience with rollover to Vanguard
I rolled over a 401(k) to Vanguard and am about to do it again. However, in my case the 401(k) trustee is Vanguard.
It was as CFB said...fill out the paperwork with Vanguard (the company receiving the rollover) and they handle the rest.
I've found that it's much easier to find information on how to transfer money into a place than how to transfer out, so I guess it's a good thing they can handle it this way.
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Re: Experience with rollover to Vanguard
05-18-2006, 09:23 PM
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#7
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Apr 2004
Location: South Texas~29N/98W Just West of Woman Hollering Creek
Posts: 6,674
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Re: Experience with rollover to Vanguard
I rolledover (2) 401(k) plans, 4 IRAs and other stuff. I'm almost 100% at VG. Will never move.
The $100k that you referred to is a free financial plan that they will prepare for you (I think). Hard to beat that price if you are moving $100k.
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Outside of a dog, a book is man's best friend. Inside of a dog, it's too dark to read. Groucho Marx
In dire need of: faster horses, younger woman, older whiskey, more money.
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Re: Experience with rollover to Vanguard
05-18-2006, 10:02 PM
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#8
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Full time employment: Posting here.
Join Date: Mar 2004
Location: No Where for Very Long
Posts: 769
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Re: Experience with rollover to Vanguard
I rolled my pension lump sum and 401k over to Vanguard. Easy-peasy!
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Re: Experience with rollover to Vanguard
05-19-2006, 07:17 AM
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#9
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Full time employment: Posting here.
Join Date: Jun 2004
Posts: 538
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Re: Experience with rollover to Vanguard
Just to add to the Vanguard endorsements:
I was a novice (and nervous* ) investor when I rolled over my 401(k) funds to Vanguard almost three years ago.* I didn't know how it would go, but everything went really easy. You just need to have the right info from the source company, i.e., where the funds are coming from.
Back then, they helped me even when my funds were below $100K.
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