COO
John calls in and wants to move $500,010 of both MFs and ETFs from their joint trust account to Jane's brokerage account.
What is Formless 1.0 with both John and Jane through VV/OTP?
John is has 17 different accounts with Vanguard and is frustrated that he only had 16 tax forms mailed to him. He mentioned that he did not take a distribution from one of his Traditional IRA this year.
What is John would not receive a tax form for his Traditional IRA if he did not take a distribution?
Elon Musk recently enrolled in PAS with a small amount of $50 million. He calls in and asks you the percentage he will be paying in advice fees.
What is 0.05%? (< $5 mill = 0.3%, $5 mill-$10 mill = 0.2%, $10 mill-$25 mill = 0.1%, > $25 mill = 0.05%)
Jane wishes to gift his granddaughter $25,000 of VTABX to her UTMA account from his individual account, but he is not a custodian on her account.
What is Formless 2.0 with phone security?
Client calls in about her Form 5498. She asks you what the form is for and is threatening to sue Vanguard because she did not receive it by the tax filing deadline.
What is Form 5498 is for informational purposes only and reports contributions, RMDs, and FMV of the account? You do not need this form to file your taxes.
This many simulations are run in Vanguard's Monte Carlo Simulations.
What is 100,000?
Client calls in and tells you he was court ordered to send 50% ($650,000) of his individual brokerage account to his ex-wife.
What is COO Complex?
John closed some options positions in the 2022 tax year, but he can't seem to find the information on his Consolidated Form 1099. Where in the form should he look?
What is 1099-B?
Vanguard announced they were launching Personal Advisor Services on this date.
What is May 5th, 2015?
John wants to move $260,000 of VFIAX from his inherited IRA to VDIGX in Bill and Mary's joint brokerage account.
What is not possible? Must go from cash to cash or fund to cash. Cannot go from Fund A to Fund B or cash to fund.
Jane informs you that some of the monetary information on the tax form she received from Vanguard is incorrect.
This is where you would find information about Vanguard's portfolio construction methodology.
What is PAS Portfolio Construction and Financial Planning Workbook?
Jane calls in and wants to gift $4.4 million to Purdue University from her TA individual account.
What is TA accounts cannot gift externally?
Client wants to take $6,000 out of his Roth IRA he opened two years ago. He maxed out his contributions both years and put it into VBTLX, which is now worth $10,000. He asks you if he will be taxed or penalized on the distribution.
What is client can withdrawal his contributions tax and penalty free, regardless of how long the account has been opened? Encourage the client to talk to his tax professional about advantages of selling at a loss.
This is another name for the Vanguard National Trust Company (VNTC).
What is Sungard?