Investments
The goal of investing in a variety of asset and sub-asset classes to reduce risk accross a portfolio
Diversification
ACH/EBT, Check, and Wire
What type of IRA is after-tax
Roth IRA
What form tracks money out of an IRA
1099-R
Document Center--Tax forms
Where would you direct a client to view their asset mix, analysis and market capitalization
Portfolio Watch through the VG website
What is the cutoff for Vanguard mutual fund trades
4PM EST
What is the RMD age
73
What type of money movement issues a tax form but is not taxable?
What steps would you take to help a client make a contribution
Balances & Holdings--Buy/Sell--Contribute to IRA
Balanced Fund
What is required to process a special payee check via the phone
The payee information for the check and OTP/VV
What is the requirements to contribute to an IRA
Must be an individual, and have earned income
Will VG tell a client what is taxable or non-taxable? Why or Why not?
No, VG will not tell the client what is taxable or not taxable. VG does not determine tax liablity
Open a receiving account for a clients RMD, Automatic Investment Plans, IRA contributions, Excess removals, and Recharacterizations. You would go through OAA and prefill what you can then send to the client
What are the fund share classes
Investor, Admiral and ETF
What is the time frame for a client to recieve a check? EBT/ACH? Wire?
7-10 business days for a check, 2-3 business days via EBT/ACH, Same day or Next day depending on time for a wire
Through their own IRA based off the spouse's MAGI
What forms does VG provide and which forms does VG not provide
1099-r & 5498 are VG provided. 8606 & 5329 are not VG provided
How would you guide a client to take money out of their individual account
Guide them to the holdings page, transact, buy/sell depending on the situation. Can also be done through "transact" and buy & sell
4 Vanguard Investing Principles
Goals, Balance, Cost, and Discipline
What questions do you have to ask to process a one time wire via phone, in addition is there any additional security
Ask who the beneficiary is, the purpose of the wire, and confirm the wire instructions. Take the client through a one time wire.
What is the distribution order for Roth IRA's
Contributions, Conversions (taxable portion), Conversions (non-taxable portion) and then earnings
Early premature distributions
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