Search found 10 matches

by Gaspar18
Fri Sep 14, 2018 4:19 pm
Forum: Investing - Help with Personal Investments
Topic: Taxes on Cap Gain Distributions and Dividends in a self directed IRA. How to handle at age 65 ?
Replies: 6
Views: 272

Re: Taxes on Cap Gain Distributions and Dividends in a self directed IRA. How to handle at age 65 ?

Do I have to take taxes into consideration when setting up a self-directed IRA ? I'm rolling over an old 401k into this IRA. You do not have to worry about taxes on the distributions of investments held in a IRA. You do not have to worry about taxes until you take money from the IRA, ignoring extrem...
by Gaspar18
Fri Sep 14, 2018 3:52 pm
Forum: Investing - Help with Personal Investments
Topic: Taxes on Cap Gain Distributions and Dividends in a self directed IRA. How to handle at age 65 ?
Replies: 6
Views: 272

Re: Taxes on Cap Gain Distributions and Dividends in a self directed IRA. How to handle at age 65 ?

At age 65, when I withdraw money out of the IRA, do I have to figure out all the gains and distributions for the taxes, or is the withdrawal treated as if it were a salary/wages ?
by Gaspar18
Fri Sep 14, 2018 3:23 pm
Forum: Investing - Help with Personal Investments
Topic: Taxes on Cap Gain Distributions and Dividends in a self directed IRA. How to handle at age 65 ?
Replies: 6
Views: 272

Taxes on Cap Gain Distributions and Dividends in a self directed IRA. How to handle at age 65 ?

Hello everyone, If my question is a little basic, it's because I am a novice investor.. I am likely to roll over my old 401k into a self directed IRA at either Vanguard or Merrill Edge. The funds that I will choose will be similar to the Bogleheads recommended 3-fund portfolio, as recommended by peo...
by Gaspar18
Wed Sep 12, 2018 9:58 am
Forum: Investing - Help with Personal Investments
Topic: Self Directed Accnt at BOA's Merrill Edge. Hidden Fees ?
Replies: 9
Views: 607

Re: Self Directed Accnt at BOA's Merrill Edge. Hidden Fees ?

Watty,

Good point, I didn't think about asking about the fee schedule for my account type. I will do this.
by Gaspar18
Wed Sep 12, 2018 9:32 am
Forum: Investing - Help with Personal Investments
Topic: Self Directed Accnt at BOA's Merrill Edge. Hidden Fees ?
Replies: 9
Views: 607

Re: Self Directed Accnt at BOA's Merrill Edge. Hidden Fees ?

... the local branch person is commissioned, however I was told that the bank pays the commission, not me.

You said I can do this online. When I called Merrill Edge's customer service, I found out the person on the other end of the line also gets a commission.
by Gaspar18
Wed Sep 12, 2018 9:16 am
Forum: Investing - Help with Personal Investments
Topic: Self Directed Accnt at BOA's Merrill Edge. Hidden Fees ?
Replies: 9
Views: 607

Re: Self Directed Accnt at BOA's Merrill Edge. Hidden Fees ?

Hello everyone, It looks like I will be rolling an IRA (ny nest egg) into a SELF DIRECTED ACCOUNT at BOA's Merrill Edge. I asked about the fees. They said there are three fees. 1. The annual expense ratio of the index funds that I will purchase (between 0.04% and 0.14% - dep on the fund) 2. $19.95 ...
by Gaspar18
Wed Sep 12, 2018 8:35 am
Forum: Investing - Help with Personal Investments
Topic: Self Directed Accnt at BOA's Merrill Edge. Hidden Fees ?
Replies: 9
Views: 607

Self Directed Accnt at BOA's Merrill Edge. Hidden Fees ?

Hello everyone, i'm a novice investor.. It looks like I will be rolling an IRA into a SELF DIRECTED ACCOUNT at BOA's Merrill Edge. I asked about the fees. They said there are three fees. 1. The annual expense ratio of the passive index funds that I will purchase (between 0.04% and 0.14% - dep on the...
by Gaspar18
Tue Sep 11, 2018 10:36 am
Forum: Investing - Help with Personal Investments
Topic: Moving old 401k. Is my investment thinking sound ?
Replies: 4
Views: 449

Re: Moving old 401k. Is my investment thinking sound ?

Hello everyone and thanks for your input, ExitStageLeft, I asked about fees. There fund has a 0.04% annual fee (expense ration) plus 20$ per trade. The investment guy at the bank will get a commission for transferring my money to Merril Edge, but he said the commission is paid by the bank, not by my...
by Gaspar18
Mon Sep 10, 2018 10:55 am
Forum: Investing - Help with Personal Investments
Topic: Moving old 401k. Is my investment thinking sound ?
Replies: 4
Views: 449

Moving old 401k. Is my investment thinking sound ?

Forgive me if this question is a little basic, I am a novice investor.. I had my nest egg in an old 401k plan which needed to be rolled over quickly because the company was bought out; I didn't have much time. So I went to my bank and rolled it into a traditional IRA. The investment person said I ca...
by Gaspar18
Mon Sep 10, 2018 10:43 am
Forum: Investing - Help with Personal Investments
Topic: Anyone using VanguardAdvantage with free checking, Visa Gold Debit/ATM, electronic bill pay, direct deposit, plus more?
Replies: 38
Views: 4848

Re: Anyone using VanguardAdvantage with free checking, Visa Gold Debit/ATM, electronic bill pay, direct deposit, plus mo

I was wondering ... how come you don't want to use the traditional bank for your checking, bill pay, direct deposit, etc ?

The reason why I ask is perhaps there is an advantage with Vanguard ( or disadvantage with the bank ) that I am not aware of ?