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Opening an IRA at Vanguard
Posted on 1/3/17 at 9:58 am
Posted on 1/3/17 at 9:58 am
Setting up the wife with an IRA at Vanguard. I keyed in all her info and it said it couldn't open it at this time and needed further information through the mail. So I mailed them some paper work. Now they email my wife saying they still need more information.
Is it always this much of a headache to open an account? I get that this is sensitive information, but geez. Anybody else had this problem? Or is this just normal?
Is it always this much of a headache to open an account? I get that this is sensitive information, but geez. Anybody else had this problem? Or is this just normal?
This post was edited on 1/3/17 at 10:00 am
3
Posted on 1/3/17 at 10:34 am to bwallcubfan
I opened up a Roth IRA in about 3 minutes online with them...no issues at all.
Posted on 1/3/17 at 10:55 am to Doldil
That's what I thought too based on what people have said on here. I don't know what the problem is then.
Posted on 1/3/17 at 11:06 am to bwallcubfan
No, it usually takes 5 minutes.
Posted on 1/3/17 at 12:09 pm to bwallcubfan
On occasion - It was not the way for me. However, it was for my sister - I helped her set it up. Same deal, mail in paperwork and all. So I called and asked them about it.
Said they have 3rd party authenticity verification and if they can't verify, then you are required to do what you mentioned above - said this actually occurs for about 30% of their customers.
So as for the "is this normal" - according to them, yes about 30% of the time. As for the "why"? couldn't tell you.
Said they have 3rd party authenticity verification and if they can't verify, then you are required to do what you mentioned above - said this actually occurs for about 30% of their customers.
So as for the "is this normal" - according to them, yes about 30% of the time. As for the "why"? couldn't tell you.
Posted on 1/3/17 at 12:48 pm to Fbohn1
Gotcha....thanks
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