This is the first year I will be doing Required Minimum Distributions and want to get it done by December 31, 2024.
I called Vanguard Thursday just before I was going to be in my car going somewhere. Given Vanguard's usual wait times I anticipated finishing the call in the car. Instead, I never left my house as I was shocked to get both a short wait time and quick answers to all my questions that I think it was only about 6 minutes from making the call to ending the call.
Seeking verification from any here that all I got from the Vanguard representative is true.
1) I can do it online or with a representative.
2) I can either request a check or send the proceeds to my non-retirement Vanguard account.
3) If I was not having taxes taken out ... I could have that transfer purchase Vanguard's Treasury Money Market shares. However, because I will be having taxes withheld that will require the proceeds to go into my settlement account.
4) If I initiate this this coming Monday (December 16, 2024) by 4 PM I will see the transfer take place effective Wednesday (December 18, 2024).
Any other advice regarding doing this first ever Required Minimum Distribution?
Thanks!
I called Vanguard Thursday just before I was going to be in my car going somewhere. Given Vanguard's usual wait times I anticipated finishing the call in the car. Instead, I never left my house as I was shocked to get both a short wait time and quick answers to all my questions that I think it was only about 6 minutes from making the call to ending the call.
Seeking verification from any here that all I got from the Vanguard representative is true.
1) I can do it online or with a representative.
2) I can either request a check or send the proceeds to my non-retirement Vanguard account.
3) If I was not having taxes taken out ... I could have that transfer purchase Vanguard's Treasury Money Market shares. However, because I will be having taxes withheld that will require the proceeds to go into my settlement account.
4) If I initiate this this coming Monday (December 16, 2024) by 4 PM I will see the transfer take place effective Wednesday (December 18, 2024).
Any other advice regarding doing this first ever Required Minimum Distribution?
Thanks!
Statistics: Posted by yankees60 — Sat Dec 14, 2024 10:58 am — Replies 0 — Views 14