Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Old 06-28-2012, 02:06 PM   #21
Recycles dryer sheets
Semiretired2008's Avatar
 
Join Date: Jun 2012
Location: Central Ga
Posts: 230
Quote:
Originally Posted by Midpack View Post
Not so from my experience. Our total portfolio at Vanguard always showed our 401ks which changed several times from Cigna, Prudential, Schwab, Con-Agra & TIAA-CREF. We never bothered with having bank assets show up, though I suppose it can be done. Setting it up was a little tedious, but once done it updated automatically. I am sure Vanguard will walk clients through it if necessary. Not only were the outside assets shown in total portfolio, they were included in Portfolio Analyzer and all other tools that I'm aware of. Nothing against Fido, I used to have all my money there years ago...
Quote:
Originally Posted by Semiretired2008 View Post
I have money in both. Slowly moving everything to Fidelity... When Fidelity calculates your net worth and the benefits that come with it for them - they count everything. Vanguard only counts what you have in Vanguard products.
Poorly worded maybe - I meant Vanguard does not count "non" Vanguard products towards you qualifying for special privileges...
__________________

__________________
If you want someone to believe in you - First you have to believe in yourself and then you go from there...
Semiretired2008 is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 06-28-2012, 05:09 PM   #22
Moderator
MichaelB's Avatar
 
Join Date: Jan 2008
Location: Rocky Inlets
Posts: 24,414
I delivered papers for almost 4 years in Farmington Connecticut. Fond memories, nice customers & good people, very generous and always gave good tips. Collecting was fun because I collected coins. Made enough money to pay my first year of (expensive private) university. Got hit by a car. Won lots of sales contests and got to see the Rockettes Christmas show twice.
__________________

__________________
MichaelB is online now   Reply With Quote
Old 06-28-2012, 05:12 PM   #23
Moderator
MichaelB's Avatar
 
Join Date: Jan 2008
Location: Rocky Inlets
Posts: 24,414
Don't mean to hijack the thread. Back on topic, I thought Fidelity determined if the bonus is taxable, not the IRS. If they classify it as a cash incentive it is taxable, but if they determine it is directly related to the assets it could be a rebate similar to airline miles or credit card cash rebates.
__________________
MichaelB is online now   Reply With Quote
Old 06-28-2012, 06:16 PM   #24
Thinks s/he gets paid by the post
 
Join Date: Jan 2006
Posts: 2,925
Quote:
Originally Posted by MichaelB View Post
Don't mean to hijack the thread. Back on topic, I thought Fidelity determined if the bonus is taxable, not the IRS. If they classify it as a cash incentive it is taxable, but if they determine it is directly related to the assets it could be a rebate similar to airline miles or credit card cash rebates.
good point.........here's what a few guys think......

http://thefinancebuff.com/brokerage-...le-or-not.html

Are Credit Card Rewards, Frequent Flyer Miles, And Bonuses Taxable?

They seem to share the opinion that they are:
1) taxable......if deposited into a taxable account
2) tax-deferred ...........if deposited into TIRA
3) not taxable............if deposited into Roth (one guy anyway)
__________________
kaneohe is offline   Reply With Quote
Old 06-28-2012, 06:23 PM   #25
Thinks s/he gets paid by the post
 
Join Date: Jun 2004
Location: E. Wash
Posts: 1,057
Quote:
Originally Posted by MichaelB View Post
Don't mean to hijack the thread. Back on topic, I thought Fidelity determined if the bonus is taxable, not the IRS. If they classify it as a cash incentive it is taxable, but if they determine it is directly related to the assets it could be a rebate similar to airline miles or credit card cash rebates.
Chatted with my Fido rep again today. She confirmed the bonus will be 1099 since it is over 599.
Looks to me it will show up on my 2012 return as misc income
Nwsteve
__________________

__________________
nwsteve is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


 

 
All times are GMT -6. The time now is 07:04 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.