My mom didn't realize that when she converted to Vanguard Brokerage account in 2023, that
the automatic RMD that had been set up was "broken" and had to be set up again.
DId others encountered this?
Was there documentation that she missed? I am guessing there was.
Fortunately, 60% of her IRA money is with T. Rowe Price and the RMD was taken from that account.
I only remembered with my own conversion that the interest that was going every month to my M&T Bank checking account didn't happen.
When I called, Vanguard told me I had to set that up again.
I had 1 month of dividend that was re-invested which I was not doing and don't want to do.
Annoying but not as big of a deal as RMDs not taking place.
the automatic RMD that had been set up was "broken" and had to be set up again.
DId others encountered this?
Was there documentation that she missed? I am guessing there was.
Fortunately, 60% of her IRA money is with T. Rowe Price and the RMD was taken from that account.
I only remembered with my own conversion that the interest that was going every month to my M&T Bank checking account didn't happen.
When I called, Vanguard told me I had to set that up again.
I had 1 month of dividend that was re-invested which I was not doing and don't want to do.
Annoying but not as big of a deal as RMDs not taking place.
Statistics: Posted by Nyc10036 — Sun Feb 25, 2024 5:28 pm — Replies 8 — Views 444