Another Vanguard problem

MissMolly said:
Vanguard will only withhold state taxes on states in this list.
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Thanks. Just another reminder that my own experience may not be universal.
 
MissMolly said:
Vanguard will only withhold state taxes on states in this list.
Click to expand...



How confusing! I guess this list is for IRAs only. Not clear if taxable accounts have different rules. Different rules for brokerage IRAs and mutual fund-only IRAs. Can’t brokerage accounts hold only mutual funds? Listed in alphabetical order EXCEPT one group of states with identical rules. Other states appear to have identical rules but get listed individually. I need to look into this. We’ve never had reason to withdraw from VG. So far Fido withholds whatever we request
 
With Fido, we can have any amount withheld zero to 99% of distribution to federal or State of Virginia. VG is not getting my rollover IRA. Thanks for the VG list of states MissMolly. It helped but I just got more confused with VG.
 
MarieIG said:
Koolau - didn't you mention in a prior thread that your IRAs were all (non-taxable) Roths?
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You are so right! I was thinking of my 401(k) instead.:blush: But, hey, I'm still honked at V for charging fees for reports that used to be free. If they don't make enough money from me on my MFs, they need to deal with that (without making it my problem.)

Thanks for the "catch" MarieIG.
 
Oh wow.... was going to go into my account and see how much I have earned from divis and interest... but cannot find it!!


It used to be really simple...


Schwab has an income estimator that I really like... Fidelity has a dividend view... not the same as Schwab but good info... I see nothing like this at Vanguard...


Am I missing it?
 
When you first log on, you should be on the "Dashboard". Click on the tab at the top labeled "Performance" and scroll down. It will show market gain/loss, income returns and total investment returns for every month.
 
Gumby said:
When you first log on, you should be on the "Dashboard". Click on the tab at the top labeled "Performance" and scroll down. It will show market gain/loss, income returns and total investment returns for every month.
Click to expand...


I did find what I was looking for... distributions by quarter and YTD... had to click a pull down menu...


But... there is nothing estimating what you will earn for the year. I like the income estimator at Schwab as I am buying a lot of pref shares and bonds to fill out my bond allocation... I also think Fidelity's dividend screen is more informative... not sure how it handles a bond as I do not own any in that account...


But I LIKE having something showing me what they expect me to earn for the year based on what I have earned so far and an estimate of what I will earn if things stay the same.... I do not think Vanguard has that.
 
Vanguard monthly statements show estimated income for stocks, and CD's, but not treasury bills.
 
Texas Proud said:
Oh wow.... was going to go into my account and see how much I have earned from divis and interest... but cannot find it!!

It used to be really simple...

Schwab has an income estimator that I really like... Fidelity has a dividend view... not the same as Schwab but good info... I see nothing like this at Vanguard...

Am I missing it?
Click to expand...
The income estimator in Schwab is useful, and I find myself going to that maybe once a month. It answers a key question for our taxable brokerage.

I know you can easily download all the details of an account(s) to a csv file, but that won't tell you about the remainder of this year.
 
Vanguard’s response to 1099 for our CPA:

For clients who have Vanguard Brokerage Accounts and elect to have
e-delivery of all documents except tax forms would be exempt from the $25
account service fee. Tax forms can still be mailed but all other documents
must go via e-delivery.
 
Piper20 said:
Vanguard’s response to 1099 for our CPA:

For clients who have Vanguard Brokerage Accounts and elect to have
e-delivery of all documents except tax forms would be exempt from the $25
account service fee. Tax forms can still be mailed but all other documents
must go via e-delivery.
Click to expand...

Another reason not to switch to brokerage accounts.
 
Piper20 said:
Vanguard’s response to 1099 for our CPA:

For clients who have Vanguard Brokerage Accounts and elect to have
e-delivery of all documents except tax forms would be exempt from the $25
account service fee. Tax forms can still be mailed but all other documents
must go via e-delivery.
Click to expand...

Can we confirm this, as I thought e-delivery of all documents were required including tax forms to be exempt from the $25 fee?
 
Healthy Lifestyle said:
Can we confirm this, as I thought e-delivery of all documents were required including tax forms to be exempt from the $25 fee?
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That was Vanguard’s response to my question. If all documents are e-delivery the 1099 will be exempt.
It did take 8 calendar days for the answer.
 
Koolau said:
I lost you on that one.


In any case, Vanguard will soon demand a switch to brokerage accounts for everyone I think.
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I was wondering if eventually they will give options like convert, transfer or look for a payout check in the mail.
 
Koolau said:
I lost you on that one.


In any case, Vanguard will soon demand a switch to brokerage accounts for everyone I think.
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They will. Much like people, retiring a system is a process, not an event.

I retired one during my career. It was a demo done over a three-day weekend and installed into production. Customers loved to hate the reporting solution until it was replaced with a vastly superior solution.

Then, I was frequently surprised by how much it was missed. I learned that customers used the prior solution to do things it didn't even do. Self-fulfilling lost functionality.

People are funny.
 
MRG said:
People are funny.
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But often quite smart about what they LIKE and what W*RKS best for them.



I resent nothing worse than anyone telling me what I SHOULD want or what I need. Make me do something, and I'll be angry. Tell me I should want to do it and I'll be outraged. YMMV
 
Koolau said:
I lost you on that one.


In any case, Vanguard will soon demand a switch to brokerage accounts for everyone I think.
Click to expand...

Was considering moving everything to Fidelity for awhile now. Instead of transitioning everything to to a Vanguard Brokerage, then to Fidelity, might as well just go right from the VG Mutual Fund accounts right to Fidelity and not transition to VG Brokerage.
 
freedomatlast said:
Was considering moving everything to Fidelity for awhile now. Instead of transitioning everything to to a Vanguard Brokerage, then to Fidelity, might as well just go right from the VG Mutual Fund accounts right to Fidelity and not transition to VG Brokerage.
Click to expand...


That's what I did. Once I made up mind. Was a matter of how to get that done. I did the move all online. Only took about 3 days for the move to complete.

Hardest part is getting used to the new terminology like settled money, core position. Fidelity chat was very helpful when I did have questions.

Nice that the Sept deadline from VG about fees starting is now a non-issue for me :).
 
I changed my IRA and taxable accounts to brokerage about 1 month ago. It took me maybe 5 minutes (the screens were very easy to complete) and I really haven't noticed any issues to report. Maybe I'm missing something but so far it seems about as painless as it gets for this sort of thing.
 
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