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re: Late to the game: Investing in my late 20's
Posted on 12/27/17 at 12:16 pm to HailToTheChiz
Posted on 12/27/17 at 12:16 pm to HailToTheChiz
thanks Chiz. So let's say I won a few mil and retired next year (definitely not happening jsut a hypothetical)...do I just call VG and tell them I want out, and then what happens? That was the other part of my question about "cashing out", I assume they don't just mail me a check. Will they transfer all the money into my bank account?
2
Posted on 12/27/17 at 12:19 pm to WG_Dawg
Is this just a standard account (not ira/401k)? If so, they will liquidate and send you your money however you want it.
Posted on 12/27/17 at 12:23 pm to WG_Dawg
quote:
thanks Chiz. So let's say I won a few mil and retired next year (definitely not happening jsut a hypothetical)...do I just call VG and tell them I want out, and then what happens? That was the other part of my question about "cashing out", I assume they don't just mail me a check. Will they transfer all the money into my bank account?
i have not cashed out before BUT my understanding is that they would transfer it to your linked bank account
You would essentially sell your fund, or a portion, to get the money out
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