Search found 347 matches

by brak
Sun Nov 05, 2017 12:36 pm
Forum: Investing - Help with Personal Investments
Topic: PRIMECAP Fund
Replies: 63
Views: 2740

Re: PRIMECAP Fund

I hold some Primecap in a taxable fund. Bought it thirty years ago when I was young(er) and stupid. How tax inefficient is it? And I assume it would be a mistake to sell it with a six- figure capital gain, correct?
by brak
Thu Nov 02, 2017 3:59 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement Account Stolen by Identity theft
Replies: 372
Views: 49362

Re: Retirement Account Stolen by Identity theft

Thanks Earl. I do now!
by brak
Thu Nov 02, 2017 12:04 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement Account Stolen by Identity theft
Replies: 372
Views: 49362

Re: Retirement Account Stolen by Identity theft

rrppve - sorry for the wrong name - darn autocorrect!
by brak
Thu Nov 02, 2017 12:03 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement Account Stolen by Identity theft
Replies: 372
Views: 49362

Re: Retirement Account Stolen by Identity theft

ripple - great idea! Thanks.
by brak
Thu Nov 02, 2017 8:28 am
Forum: Personal Finance (Not Investing)
Topic: Retirement Account Stolen by Identity theft
Replies: 372
Views: 49362

Re: Retirement Account Stolen by Identity theft

Broken Man - once the funds are restored I'll be helping him transfer the account to Vanguard.
by brak
Thu Nov 02, 2017 6:47 am
Forum: Personal Finance (Not Investing)
Topic: Retirement Account Stolen by Identity theft
Replies: 372
Views: 49362

Re: Retirement Account Stolen by Identity theft

EHEngineer - sure. I am having an attorney review the affidavit before I have my father sign it. Transamerica says it will take a week from the time they receive the affidavit.
by brak
Wed Nov 01, 2017 11:38 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement Account Stolen by Identity theft
Replies: 372
Views: 49362

Re: Retirement Account Stolen by Identity theft

There was no non-disclosure agreement.
by brak
Wed Nov 01, 2017 3:01 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement Account Stolen by Identity theft
Replies: 372
Views: 49362

Re: Retirement Account Stolen by Identity theft

So today I called Transamerica and pushed harder, but in a polite and respectful way. Said that since the phone agents really did not have much information about the ongoing investigation, I wanted to speak to someone in the fraud crimes unit. I was told that the phone agents do not have a telephone...
by brak
Tue Oct 31, 2017 6:04 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement Account Stolen by Identity theft
Replies: 372
Views: 49362

Re: Retirement Account Stolen by Identity theft

Thanks to everyone for hanging in there with me. No further developments to report but will keep you posted.
by brak
Mon Oct 30, 2017 4:47 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement Account Stolen by Identity theft
Replies: 372
Views: 49362

Re: Retirement Account Stolen by Identity theft

Thank you Lady Geek. I very much appreciate it.
by brak
Sun Oct 29, 2017 5:37 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement Account Stolen by Identity theft
Replies: 372
Views: 49362

Re: Retirement Account Stolen by Identity theft

Oh one other point which may or may not mean anything. Someone was asking why the account was with Transamerica? It was the hospital at which my father worked that hired Transamerica to be the custodian of all of the hospital IRAs. I asked my father if he remembers ever getting a custodian agreement...
by brak
Sun Oct 29, 2017 5:33 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement Account Stolen by Identity theft
Replies: 372
Views: 49362

Re: Retirement Account Stolen by Identity theft

Murdoch - I assure you that there is not more to the case than I am disclosing. I plan to begin pushing on Transamerica shortly. I simply want to wait until our police department has dealt with them and I can find out from Regions Bank whatever I can find out, so that I have as much knowledge as pos...
by brak
Sun Oct 29, 2017 12:16 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement Account Stolen by Identity theft
Replies: 372
Views: 49362

Re: Retirement Account Stolen by Identity theft

Doom&Gloom - I have already talked with an attorney, have not as yet retained him. Opinion seems to be split here as to when is the best time to bring an attorney if I am reading it right. That's why I put down the sequence of events as I see it. Thanks,
by brak
Sun Oct 29, 2017 9:18 am
Forum: Personal Finance (Not Investing)
Topic: Retirement Account Stolen by Identity theft
Replies: 372
Views: 49362

Re: Retirement Account Stolen by Identity theft

retiredjg - just to clarify, I was asked by the police to follow-up with Regions Bank to ascertain the status of the account. Through snafus on their part, I just recently sent them the paperwork that they required to start an investigation from my end, though Transamerica says they have been in con...
by brak
Sun Oct 29, 2017 7:26 am
Forum: Personal Finance (Not Investing)
Topic: Retirement Account Stolen by Identity theft
Replies: 372
Views: 49362

Re: Retirement Account Stolen by Identity theft

As always, your advice is great. Here'y plan of attack at this point: 1. give the police this week to call me to see if they were able to light a fire under Transamerica; 2. after police call me, I call Transamerica this week to get a status report; 2. I call Regions Banks this week to see what they...
by brak
Sat Oct 28, 2017 5:49 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement Account Stolen by Identity theft
Replies: 372
Views: 49362

Re: Retirement Account Stolen by Identity theft

Thanks DavidRoseMountain..will do! The police have contacted Transamerica and should hear from them this week - will wait until this week passes and then take the prescribed action.
by brak
Sat Oct 28, 2017 3:26 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement Account Stolen by Identity theft
Replies: 372
Views: 49362

Re: Retirement Account Stolen by Identity theft

Hi Doom&Gloom - I have a lawyer. What would you have me do at this point? I would appreciate the feedback.
by brak
Sat Oct 28, 2017 1:48 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement Account Stolen by Identity theft
Replies: 372
Views: 49362

Re: Retirement Account Stolen by Identity theft

MPTfan - I will try to answer your questions but then I think it may be a good idea move away from this line of discussion, since I think we can round and round on the issue of whether Transamerica provided enough protection on my father's account, unless there are people with expertise who care to ...
by brak
Sat Oct 28, 2017 9:02 am
Forum: Personal Finance (Not Investing)
Topic: Retirement Account Stolen by Identity theft
Replies: 372
Views: 49362

Re: Retirement Account Stolen by Identity theft

From my research, it appears that many institutions have a higher level of protection than does Transamerica. These higher levels of protection include 1. a higher level of password protection, so that a password is created that cannot be gotten from the internet or stolen records, i.e. the name of ...
by brak
Thu Oct 26, 2017 1:33 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement Account Stolen by Identity theft
Replies: 372
Views: 49362

Re: Retirement Account Stolen by Identity theft

EHEngineer - no medallion signature requirement, only notary.....thanks.
by brak
Wed Oct 25, 2017 6:04 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement Account Stolen by Identity theft
Replies: 372
Views: 49362

Re: Retirement Account Stolen by Identity theft -UPDATE

So here's an update - any input is most welcome. Since the last report: 1. Depending on to whom I talk at Transamerica (IRA custodian), their investigation of this case either has or hasn't begun, and it has or will begin by their asking Regions Bank for the money back. Transamerica will not tell me...
by brak
Wed Oct 25, 2017 8:37 am
Forum: Personal Finance (Not Investing)
Topic: Retirement Account Stolen by Identity theft
Replies: 372
Views: 49362

Re: Retirement Account Stolen by Identity theft

STAY TUNED....UPDATE SHOULD BE COMING LATER TODAY OR TOMORROW...WHAT A JOURNEY!!!! AND BOY, CAN I USE INPUT.
by brak
Thu Oct 19, 2017 8:07 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement Account Stolen by Identity theft
Replies: 372
Views: 49362

Re: Retirement Account Stolen by Identity theft

You folks are giving me both great input and support - I really appreciate it. At this point I have briefed an attorney on the case. The recommendation is that next week I call Transamerica, ask them for an update on the investigation, and inform them that it is my expectation that they make this wh...
by brak
Thu Oct 19, 2017 5:00 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement Account Stolen by Identity theft
Replies: 372
Views: 49362

Re: Retirement Account Stolen by Identity theft

I was just notified that the case was assigned to a detective on our city's police force. I was given no indication of when I might hear from him or anything else, but I ws given his email address and told that if I have any further further information I should email him.
by brak
Thu Oct 19, 2017 3:12 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement Account Stolen by Identity theft
Replies: 372
Views: 49362

Re: Retirement Account Stolen by Identity theft

If anyone would like to double-check me by going to the Transamerica website to check out disputed claims, I would consider it a favor.
by brak
Thu Oct 19, 2017 3:10 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement Account Stolen by Identity theft
Replies: 372
Views: 49362

Re: Retirement Account Stolen by Identity theft

From what I can tell from looking at Trans America's website, it appears that the mandatory arbitration does not apply aa my father did not use their website to either open or transact business in the IRA, nor has it been used to deal with Transamerica in any other way other than their sending me fo...
by brak
Thu Oct 19, 2017 11:33 am
Forum: Personal Finance (Not Investing)
Topic: Retirement Account Stolen by Identity theft
Replies: 372
Views: 49362

Re: Retirement Account Stolen by Identity theft

I'm not ready to assume that Transamerica will not make good on this. Here's why...and if you disagree with me please let me know. Up until last week, Transamerica was saying that I did not need to send them any documentation regarding this case, and one representative went so far as to tell me that...
by brak
Tue Oct 17, 2017 3:17 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement Account Stolen by Identity theft
Replies: 372
Views: 49362

Re: Retirement Account Stolen by Identity theft

David Rose Mountain - that makes two of us.
by brak
Mon Oct 16, 2017 9:00 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement Account Stolen by Identity theft
Replies: 372
Views: 49362

Re: Retirement Account Stolen by Identity theft

oops...not counting, but routing number.
by brak
Mon Oct 16, 2017 9:00 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement Account Stolen by Identity theft
Replies: 372
Views: 49362

Re: Retirement Account Stolen by Identity theft

Thanks whomever. The counting number on the check in fact matches the routing number for a branch of Regions Bank in Alabama.
by brak
Mon Oct 16, 2017 8:17 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement Account Stolen by Identity theft
Replies: 372
Views: 49362

Re: Retirement Account Stolen by Identity theft

Simon Jester - the custodian (Transamerica) has refused to commit to when the investigation will be completed.
by brak
Mon Oct 16, 2017 8:16 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement Account Stolen by Identity theft
Replies: 372
Views: 49362

Re: Retirement Account Stolen by Identity theft

When you go to the website suggested in the post above this one, you get asked immediately for a password. So it seems like it's not accessible.
by brak
Mon Oct 16, 2017 8:56 am
Forum: Personal Finance (Not Investing)
Topic: Retirement Account Stolen by Identity theft
Replies: 372
Views: 49362

Re: Retirement Account Stolen by Identity theft - follow-up

So here are the developments since last I posted. I called Regions Bank, the bank to which the money was supposedly wired. Regions Bank says they have no record of either the account number which is on the copy of the voided check sent to the custodian of the account (Transamerica), nor do they have...
by brak
Fri Oct 06, 2017 8:03 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement Account Stolen by Identity theft
Replies: 372
Views: 49362

Re: Retirement Account Stolen by Identity theft

Clarification: the security questions were, date of birth, address, SS#, and mother's maiden name. When I called Trans America they said that there is now an option for a more personal security question, but my father's account did not have one.
by brak
Fri Oct 06, 2017 2:51 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement Account Stolen by Identity theft
Replies: 372
Views: 49362

Re: Retirement Account Stolen by Identity theft

Thanks again for all the support and good advice. Today was spent talking to other financial institutions that house my parents' money. All I can say is that Ally, Vanguard and Fidelity have security measures in place that are significantly more sophisticated than those of the custodian of the accou...
by brak
Thu Oct 05, 2017 9:18 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement Account Stolen by Identity theft
Replies: 372
Views: 49362

Re: Retirement Account Stolen by Identity theft

Thank you all so so much for your suggestions and support - both are invaluable. Tomorrow I will be updating the police with the new information I have received, put on fraud alerts (I have already put on credit freezes), and contact the financial institutions with whom my father does business to se...
by brak
Thu Oct 05, 2017 7:40 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement Account Stolen by Identity theft
Replies: 372
Views: 49362

Re: Retirement Account Stolen by Identity theft

I will find out what happened to the cash that was transferred to Regions Bank tomorrow.
by brak
Thu Oct 05, 2017 6:18 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement Account Stolen by Identity theft
Replies: 372
Views: 49362

Re: Retirement Account Stolen by Identity theft

Celia - the custodian did not realize the funds were stolen until we contacted them, which occurred after we received a transaction confirmation in the mail showing that the account had $52,000 withdrawn. We received the confirmation letter approximately twelve days after the withdrawal actually occ...
by brak
Thu Oct 05, 2017 5:56 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement Account Stolen by Identity theft
Replies: 372
Views: 49362

Re: Retirement Account Stolen by Identity theft

Re: the phone call. Keep in mind that the phone number of the caller was not only in NY, but from the institution in which my father worked (a hospital) and the job through which the IRA is connected. Also, does the Electronic Funds Transfer Act apply here given the amount of money involved ($52,000...
by brak
Thu Oct 05, 2017 3:47 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement Account Stolen by Identity theft
Replies: 372
Views: 49362

Re:UPDATE: Retirement Account Stolen by Identity theft

So for those of you who are interested, here is the latest installment of new information. The initial call to the custodian of the IRA (Transamerica), which both changed the email address and requested forms for withdrawal of funds, was made from a telephone located at the place my father worked, i...
by brak
Thu Oct 05, 2017 9:52 am
Forum: Personal Finance (Not Investing)
Topic: Retirement Account Stolen by Identity theft
Replies: 372
Views: 49362

Re: Retirement Account Stolen by Identity theft

The account was cashed out except for money left behind to pay for taxes. The money was transferred to another bank, and the custodian says that the account to which the money was transferred was opened under my father's name.
by brak
Thu Oct 05, 2017 7:44 am
Forum: Personal Finance (Not Investing)
Topic: Retirement Account Stolen by Identity theft
Replies: 372
Views: 49362

Re: Identity theft

Wakefield 1 - my father had no computer access to his account whatsoever, it was never set up. Incidentally, you can set it up with Vanguard so that you do not have any online access as well. The custodian did not make any attempt to contact my father about the request to add an email address to the...
by brak
Wed Oct 04, 2017 6:54 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement Account Stolen by Identity theft
Replies: 372
Views: 49362

Re: Identity theft

MikeG62 - my father, being 98, does not use email, nor was there an email address on file for him with the custodian. But he did not receive any written notification of an email address being added to the account.
by brak
Wed Oct 04, 2017 6:52 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement Account Stolen by Identity theft
Replies: 372
Views: 49362

Re: Identity theft

What makes you say that?
by brak
Wed Oct 04, 2017 6:42 am
Forum: Personal Finance (Not Investing)
Topic: Retirement Account Stolen by Identity theft
Replies: 372
Views: 49362

Re: Identity theft

Stan - not possible that this crime was perpetrated by a trusted insider. Thanks.
by brak
Tue Oct 03, 2017 4:03 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement Account Stolen by Identity theft
Replies: 372
Views: 49362

Re: Identity theft

The security question were actually facts.
by brak
Tue Oct 03, 2017 3:16 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement Account Stolen by Identity theft
Replies: 372
Views: 49362

Re: Identity theft

This is all incredibly helpful. Thanks so much!
by brak
Tue Oct 03, 2017 12:27 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement Account Stolen by Identity theft
Replies: 372
Views: 49362

Re: Identity theft

So here is what I know so far. The custodian of my father's IRA states that in early September they received a phone call from a man posing as my father, who passed all the security questions and requested a change in email address and that forms for withdrawal of funds be sent to that email. Around...
by brak
Mon Oct 02, 2017 7:22 pm
Forum: Investing - Help with Personal Investments
Topic: Minimizing income in taxable account
Replies: 13
Views: 1517

Re: Minimizing income in taxable account

Why is best to TLH with short-term rather than long-term can gains? Thanks.