I.R.A.s
IRA is short for...
Individual Retirement Account
The goal of investing in a variety of asset and sub-asset classes to reduce risk across a portfolio
Diversification
Quickest method of redemption
Wire
Tax form generated for a distribution from a Roth IRA
1099R
CEO of Vanguard
Tim Buckley
The "After-Tax" IRA
Roth IRA
Minimum Initial Investment in the Vanguard 500 index fund (VFIAX)
$3000
Standard time frame for the delivery of an ACH/EBT transaction.
2-3 Business Days
Tax forms required/generated for an Asset Transfer
None
Deepest Part of the Ocean
Mariana Trench
RMD age
72
A fund that is composed of both stocks and bonds
Balanced Fund
Security required for a one time wire to a bank not on file.
Voice Verification or One-Time-Passcode
Tax forms reported/generated for a Roth Conversion
1099R, 5498, 8606
Total Global Population
Minimum and Maximum age to contribute to an IRA
none, just must have earned income
Largest Vanguard fund by total net assets
VTI or VTSAX (1.2 T$)
Provide at least 4 things you are required to confirm prior to submitting a check distribution.
AOR (Address on Record), last 4 of account number, amount, fund/holding, trade date, account registration.
Tax forms required/generated for an indirect rollover where the client took out 10,000 but only returned 4000.
1099R, 5498, 5329
Periodic Symbol of Silver
AG
Yearly contribution limit for someone age 51
7000 or 100% of earned income
4 Vanguard Investing Principles
Goals, Balance, Cost, and Discipline
Cutoff time for a same day wire for a distribution from the settlement fund in a VBA account.
12:30 PM ET
What is reported on Line 1 of a 1099R?
Gross Distribution Amount
Founded in 1096, this university predates the beginning of the Aztec Empire by nearly 230 years.
Oxford University