Thinking of closing out my Vanguard Account

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palanzo
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Re: Thinking of closing out my Vanguard Account

Post by palanzo »

abuss368 wrote: Thu Jun 11, 2020 12:44 pm
stev wrote: Thu Jun 11, 2020 12:37 pm And putting ALL my Vanguard MONEY in the local, brick and mortar Charles Schwab. 20 miles from my house.
I am 75 years old.
Would be nice to to walk in and talk, face to face/ rather than telephone/ website at Vanguard.
Maybe walk out with a "check" if I needed $.
I have ALL my money in Vanguard.... Funds....like S&P 500 and MMF. Have my IRA with them too.
Have my checking account/ $250 min with Vanguard.
So would need same with Schwab.
Thanks.
I would do what is best for your current situation. I have no desire or need for visiting any banks or investment houses. I can have our money from Vanguard in our checking account in a couple days.

I am not too familiar with Charles Schwab but I did not think they were a bank that one can walk out with a check.

For us, moving to Vanguard was the best financial decision we ever made.
https://www.schwab.com/bank

Whether they issue checks is a separate matter.
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Marmot
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Re: Thinking of closing out my Vanguard Account

Post by Marmot »

Cheez-It Guy wrote: Sun Jun 14, 2020 2:10 pm
Marmot wrote: Sun Jun 14, 2020 1:38 pm A separate question - is anybody else on the Vanguard Steering Community? The reason I ask is that Vanguard seems to be interested in a lot of forward looking changes...reading some of these posts bitching about their failures makes me wonder if people know they are working on things? If you are part of the community , you know. Just interested to see how many of us are involved. That being said, there are things the community is working on that we can't talk about because of confidentially reasons. Ideas and programs that they get our opinions on and so forth.
How does one get on said committee, and what do you estimate as the time commitment?
I was invited a few years ago (maybe because we are in the advisor program) I don't exactly remember why I was invited. Not much time , maybe an hour at most per month. Some are surveys, some are products in developmental stage, some are reviewing potential web pages for content and so forth.
Marty....don't go to the year 2020....Dr. Emmett Brown
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Cheez-It Guy
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Re: Thinking of closing out my Vanguard Account

Post by Cheez-It Guy »

Marmot wrote: Sun Jun 14, 2020 4:17 pm
Cheez-It Guy wrote: Sun Jun 14, 2020 2:10 pm
Marmot wrote: Sun Jun 14, 2020 1:38 pm A separate question - is anybody else on the Vanguard Steering Community? The reason I ask is that Vanguard seems to be interested in a lot of forward looking changes...reading some of these posts bitching about their failures makes me wonder if people know they are working on things? If you are part of the community , you know. Just interested to see how many of us are involved. That being said, there are things the community is working on that we can't talk about because of confidentially reasons. Ideas and programs that they get our opinions on and so forth.
How does one get on said committee, and what do you estimate as the time commitment?
I was invited a few years ago (maybe because we are in the advisor program) I don't exactly remember why I was invited. Not much time , maybe an hour at most per month. Some are surveys, some are products in developmental stage, some are reviewing potential web pages for content and so forth.
Thanks! I would be interested, but I am not in any advisory program if that should prove to be a requirement. I may mention in next conversation with a VG rep.
BigJohn
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Re: Thinking of closing out my Vanguard Account

Post by BigJohn »

stev wrote: Fri Jun 12, 2020 7:59 am And make it easier on my family, so they can walk into a "real building" when I die.
Maybe it will be easier but... lots of complexity with estates/will so I’m guessing that they walk I the office and a sales person will immediately direct them to a “specialist” to deal with over the phone/internet. If this is critical to your decision, I’d walk in and ask how it would be handled first before I made a move.
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LilyFleur
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Re: Thinking of closing out my Vanguard Account

Post by LilyFleur »

iamblessed wrote: Thu Jun 11, 2020 12:56 pm Nothing wrong with that. I like to walk in to. I think that has value. You can hold vanguard ETF's at Schwab.
On those rare occasions when I get a very large check, I like to walk in to Schwab and give it to them and know that the check did not get lost in the mail. Also, when physical copies of papers need to be mailed to Schwab, it's just nicer to go to their office, have a nice cup of coffee, and they will fax it for me. Much nicer experience than going to the post office. :mrgreen:

However, there has been an occasion during COVID when I had a check to deposit, and when I called customer service to see if the local office would be open (it was not), they offered to temporarily raise the limit for a deposit through the app for me.

I have not ever been a client of Vanguard, but it is nice to look at their funds, knowing I can own them through my Schwab account.

In person and on the phone, Schwab's customer service is stellar.
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Doc
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Re: Thinking of closing out my Vanguard Account

Post by Doc »

Trade confirmations differences.

I just placed two orders to buy & sell ETFs at Schwab about ten minutes ago. I then updated my accounts on Quicken and both downloaded without problem.

At Vanguard that download would not occur until the next business day after the trades settled.

Something to consider.
A scientist looks for THE answer to a problem, an engineer looks for AN answer and lawyers ONLY have opinions. Investing is not a science.
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