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Gimbal_Machine posted:Ok, I need some help. You will have to set up a retirement account at Vanguard (you can do it online) and select the IRA rollover option when setting it up. The website will produce some forms that you will have to sign and send back to Vanguard. They will scan everything you send and send it back to you with an account information form. That gets everything set up with them and they will be awaiting your money from Ameriprise. Then get the rollover form from Ameriprise and fill it out. You will need your Vanguard account number address and contact info from the information form you get back from Vanguard. Send that back to Ameriprise. It should be pretty straightforward. Vanguard has a rollover department with associates that do nothing but help with rollovers so don't hesitate to call. I've done two rollovers to Vanguard so far and the only effort required on my part was filling out forms and walking to the post office.
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Aug 7, 2008 16:17
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El Kabong posted:How would I go about figuring out the P/E average of the entire djia? The most accurate way is to look here: http://www.djindexes.com/mdsidx/index.cfm?event=showAvgStats I believe this is updated monthly so look for it to update Monday or tomorrow afternoon. Edit: It looks like yahoo quotes updates it monthly too. Eh. Dijkstra fucked around with this message at 20:05 on Oct 30, 2008 |
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Oct 30, 2008 20:01
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kys posted:I am a newbie when it comes to investing, but how can I take advantage of a Roth 401k? It just seems to me like a Roth but with a higher limit. My employer does not offer it, but Im trying to find if that is the only way I can contribute. Nothing wrong at all with keeping savings around. It is as safe an investment as you can get and if you have it in a decent bank you can get 3-4% currently, which is more than the market is returning.  Most people around here will tell you to keep between 4-8 months of living expenses in a liquid savings or money market account. If you're single and don't have many expenses you can get away with 4 months. But if you're married and have kids etc. you probably want to put more away in case you or your spouse is laid off or you need the money in a true emergency. I keep 6 months. I'm single, but I live in a relatively expensive part of the country as far as housing goes. So my rent is outrageous. I'm also extremely risk-averse for my age and like to know that money is sitting there if I need it. I sleep better at night. So the amount is up to you but everyone should definitely have some kind of liquid cash fund for emergencies.
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Dec 10, 2008 16:11
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Aggro Craig posted:Just got back from Scottrade, apparently they charge $7 for online trades except for mutual funds and index funds, which they charge $17 for. They say ETFs are only $7. Is there any significant difference between ETFs and index funds? Should I just pony up the additional $10 for the index funds? Why are you considering buying Vanguard funds through Scottrade?
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Jan 14, 2009 15:42
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Aggro Craig posted:I assumed I needed to, if I can avoid it all the better. Nah, just open up an IRA at Vangaurd. Scottrade will just charge you commission to get you the same thing.
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Jan 14, 2009 16:02
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80k and other more risk-averse people, what do you think about the balanced life strategy funds at Vanguard as an alternative to the Target Retirement funds? I've been reading Bernstein lately and have decided that I'm going to move out of Target Retirement to try to get lower standard deviation. These funds are: VASGX - Around 80% Equity 20% Debt VSMGX - Around 60% Equity 40% Debt VSCGX - Around 40% Equity 60% Debt One thing I'm not sure about is that a hunk of each of these funds is put into the Vanguard Asset Allocation Fund (VAAPX) which adjusts its asset mix based on computer modeling or something to try to achieve higher long-term returns. For example this allocation fund is now 100% equities (which makes sense) but I'm interested in hearing what everyone thinks about it. IIRC Bernstein says not to really adjust your asset mix and these funds do just that.
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Jan 26, 2009 20:41
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