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Posts Tagged ‘mutual fund account’

Should I make a lump-sum contribution to my mutual fund account or take advantage of dollar-cost averaging?

August 2nd, 2010

I received some inheritance money that I’d like to invest for retirement. I plan to open a mutual fund account with Vanguard and begin investing in index funds. Should I invest the entire lump sum at once or keep it in a high-yield money market account and fund the mutual fund account monthly to take advantage of dollar-cost averaging?

Assume I have no bad debt, have already established an emergency fund, am contributing to a 401(k), and am funding a Roth IRA (also with Vanguard) to the annual max.

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Technorati Tags: 401 k, bad debt, emergency fund, high yield money market, high yield money market account, index funds, inheritance, lump sum, money market account, mutual fund account, retirement, roth ira, vanguard, yield money market

Posted in Top Rated Mutual Funds |

Tags: 401 k, bad debt, emergency fund, high yield money market, high yield money market account, index funds, inheritance, lump sum, money market account, mutual fund account, retirement, roth ira, vanguard, yield money market |

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Where is the best place to complain about an undisclosed fee with a mutual fund company?

July 12th, 2010

I thought I was opening a mutual fund account with a large mutual fund company. I already have a Traditional IRA mutual account with them. When I opened the ROTH IRA account online I didn’t realize it was a brokerage account. I’m a saver not an investor. I have 20 years with this company, however they won’t waive the fee for this account. Worst of all it was hidden in the pull down electronic agreement so I didn’t see it. They are playing hard nose and won’t budge, not even for an old client.

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Technorati Tags: brokerage account, electronic agreement, investor, mutual fund account, mutual fund company, roth ira account, traditional ira

Posted in Top Rated Mutual Funds |

Tags: brokerage account, electronic agreement, investor, mutual fund account, mutual fund company, roth ira account, traditional ira |

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What do you do about taxes when being named a beneficiary on a mutual fund account?

June 4th, 2010

I will be receiving a mutual fund account that I was named a beneficiary on. My question is how or if I will owe taxes on it? I’m not sure of the amount of the fund, but if it is transferred into my name what do I do? Or can it be sold off first, and then transferred. What do you know about taxes on this matter? Any suggestions are helpful as to what you would recommend. Thanks.