Comments on: Ten Steps to Simplify Your Finances, Part 1 http://www.fivecentnickel.com/2007/01/12/ten-steps-to-simplify-your-finances-part-i/ personal finance tips, tricks, and commentary Tue, 14 Feb 2012 00:06:17 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: A.R.E. Silva http://www.fivecentnickel.com/2007/01/12/ten-steps-to-simplify-your-finances-part-i/comment-page-1/#comment-114435 A.R.E. Silva Tue, 15 Jan 2008 00:20:47 +0000 http://www.fivecentnickel.com/2007/01/12/ten-steps-to-simplify-your-finances-part-i/#comment-114435 After more than 30 years investing with Vanguard and transferring my Fidelity funds, at their suggestion, Vanguard has announced that as of December 14, 2007, American investor/shareholders residing in Canada are no longer welcome at Vanguard. I began with Vanguard in 1975, moving to Canada in 1983 to pursue professional opportunites. I have been receiving an IRA pension since 2000 with no problem. Now I am invited to sell out. As an American I am personally offended that Vanguard wishes to dictate where American investor/shareholders may live in retirement. They have failed to give a good reason for this discrimination nor have they ever published this "policy change" which needs to be made known to American investors. Vanguard cannot be trusted and will dishonor their word at their whim to the prejudice of the so-called "investor/shareholders" who are supposed to be the "owners", or so John Bogle used to say. After more than 30 years investing with Vanguard and transferring my Fidelity funds, at their suggestion, Vanguard has announced that as of December 14, 2007, American investor/shareholders residing in Canada are no longer welcome at Vanguard.
I began with Vanguard in 1975, moving to Canada in 1983 to pursue professional opportunites. I have been receiving an IRA pension since 2000 with no problem. Now I am invited to sell out.
As an American I am personally offended that Vanguard wishes to dictate where American investor/shareholders may live in retirement. They have failed to give a good reason for this discrimination nor have they ever published this “policy change” which needs to be made known to American investors.
Vanguard cannot be trusted and will dishonor their word at their whim to the prejudice of the so-called “investor/shareholders” who are supposed to be the “owners”, or so John Bogle used to say.

]]> By: Tim http://www.fivecentnickel.com/2007/01/12/ten-steps-to-simplify-your-finances-part-i/comment-page-1/#comment-65457 Tim Sat, 03 Feb 2007 18:54:17 +0000 http://www.fivecentnickel.com/2007/01/12/ten-steps-to-simplify-your-finances-part-i/#comment-65457 I agree with consolidating for one other reason: you can get premium banking benefits for combined deposits and/or loans with one bank. Things like a personal investment/banking consultant, higher rates, and other bennies. Normally it's around $50k-$100k combined deposits, investments, lines and loans or $250k-$500k combined balances with mortgage. Bank of America is Premier banking and investment, HSB is Premier, Citi is citigold, chase is Premier platinum just to name a few. some banks offer lower requirements that offer better rates etc around $15k minimum deposits, but not all the personalized services as the higher minimums. When I started out, I went with Bank of America Liberty Gold for military banking, which gives you 15cents every time you use the debit card as a credit card transation, extra .25%APY on cd's (this is good since you have to have $15k to avoid maint. fee), $200 CD bonus for a 2 yrd cd, plus the .25%APY. those 15cents added up, especially when my wife and I would buy one thing each at a time. so if you have high deposits or loans and consolidate, check into the premium banking services at your bank. I agree with consolidating for one other reason: you can get premium banking benefits for combined deposits and/or loans with one bank. Things like a personal investment/banking consultant, higher rates, and other bennies.

Normally it’s around $50k-$100k combined deposits, investments, lines and loans or $250k-$500k combined balances with mortgage. Bank of America is Premier banking and investment, HSB is Premier, Citi is citigold, chase is Premier platinum just to name a few.

some banks offer lower requirements that offer better rates etc around $15k minimum deposits, but not all the personalized services as the higher minimums. When I started out, I went with Bank of America Liberty Gold for military banking, which gives you 15cents every time you use the debit card as a credit card transation, extra .25%APY on cd’s (this is good since you have to have $15k to avoid maint. fee), $200 CD bonus for a 2 yrd cd, plus the .25%APY. those 15cents added up, especially when my wife and I would buy one thing each at a time.

so if you have high deposits or loans and consolidate, check into the premium banking services at your bank.

]]> By: Tinyhands http://www.fivecentnickel.com/2007/01/12/ten-steps-to-simplify-your-finances-part-i/comment-page-1/#comment-58864 Tinyhands Thu, 18 Jan 2007 21:35:20 +0000 http://www.fivecentnickel.com/2007/01/12/ten-steps-to-simplify-your-finances-part-i/#comment-58864 I'll go one step further and suggest you bank and invest with the same company. I was doing this with TD Waterhouse before they merged with Ameritrade and subsequently closed the associated bank. I now have my checking, Roth, Trad IRA, and taxable savings/investment accounts at eTrade. The combined assets qualify me for no account fees and the lowest commissions. But the best thing is being able to move money between accounts. It's free and much faster. I’ll go one step further and suggest you bank and invest with the same company. I was doing this with TD Waterhouse before they merged with Ameritrade and subsequently closed the associated bank. I now have my checking, Roth, Trad IRA, and taxable savings/investment accounts at eTrade. The combined assets qualify me for no account fees and the lowest commissions.

But the best thing is being able to move money between accounts. It’s free and much faster.

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